DHT Holdings, Inc. (NYSE:DHT) Receives $12.68 Consensus Target Price from Brokerages

Shares of DHT Holdings, Inc. (NYSE:DHT) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $12.68.

A number of brokerages have weighed in on DHT. Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target on the stock. in a report on Thursday, December 12th. Jefferies Financial Group lifted their target price on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, February 6th.

DHT Stock Performance

DHT stock opened at $10.53 on Tuesday. The stock has a fifty day moving average price of $10.86 and a 200 day moving average price of $10.54. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. DHT has a 52 week low of $8.67 and a 52 week high of $12.80. The firm has a market capitalization of $1.70 billion, a P/E ratio of 9.40 and a beta of -0.38.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Equities research analysts anticipate that DHT will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.46%. DHT’s payout ratio is 60.71%.

Institutional Trading of DHT

Large investors have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. boosted its position in shares of DHT by 1.5% in the third quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock worth $761,000 after buying an additional 1,000 shares during the period. Tower Research Capital LLC TRC lifted its position in DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock worth $26,000 after acquiring an additional 1,265 shares in the last quarter. Stifel Financial Corp boosted its holdings in DHT by 7.7% in the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after acquiring an additional 1,514 shares during the period. Vident Advisory LLC grew its position in DHT by 3.2% in the fourth quarter. Vident Advisory LLC now owns 53,228 shares of the shipping company’s stock valued at $495,000 after acquiring an additional 1,665 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in DHT by 3.4% in the fourth quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company’s stock valued at $498,000 after acquiring an additional 1,740 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.