DHT Holdings, Inc. (NYSE:DHT) Receives Consensus Rating of “Moderate Buy” from Brokerages

DHT Holdings, Inc. (NYSE:DHT) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.54.

Several equities research analysts recently weighed in on DHT shares. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Stifel Nicolaus reduced their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. BTIG Research assumed coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target for the company. Jefferies Financial Group reissued a “buy” rating and set a $14.00 price objective on shares of DHT in a research note on Wednesday, November 13th. Finally, Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a research note on Friday, September 27th.

DHT Stock Up 0.6 %

Shares of NYSE DHT opened at $10.07 on Thursday. The firm has a fifty day simple moving average of $9.75 and a two-hundred day simple moving average of $10.64. DHT has a 12 month low of $8.67 and a 12 month high of $12.80. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.62 billion, a PE ratio of 10.07 and a beta of -0.38.

DHT (NYSE:DHT) last released its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. DHT’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. Equities analysts expect that DHT will post 1 earnings per share for the current year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 annualized dividend and a yield of 8.74%. DHT’s dividend payout ratio (DPR) is presently 88.00%.

Institutional Investors Weigh In On DHT

Institutional investors have recently made changes to their positions in the company. Quarry LP boosted its stake in DHT by 2,494.6% during the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock valued at $45,000 after purchasing an additional 3,717 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of DHT during the third quarter valued at $50,000. Nisa Investment Advisors LLC boosted its position in shares of DHT by 52.2% during the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after buying an additional 2,361 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in DHT in the 2nd quarter worth about $80,000. Finally, Soros Fund Management LLC purchased a new position in DHT in the 3rd quarter worth about $114,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Company Profile

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.