DHT Holdings, Inc. (NYSE:DHT) Receives $13.54 Average PT from Brokerages

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

A number of equities research analysts recently weighed in on DHT shares. Fearnley Fonds upgraded shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. Stifel Nicolaus decreased their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. BTIG Research started coverage on DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective on the stock. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a report on Thursday, December 12th.

Institutional Investors Weigh In On DHT

A number of institutional investors have recently modified their holdings of the business. Pekin Hardy Strauss Inc. raised its position in DHT by 1.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock worth $761,000 after acquiring an additional 1,000 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of DHT by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,435 shares of the shipping company’s stock worth $560,000 after purchasing an additional 1,172 shares during the last quarter. Stifel Financial Corp lifted its stake in DHT by 7.7% in the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock valued at $235,000 after buying an additional 1,514 shares in the last quarter. MQS Management LLC boosted its holdings in DHT by 7.3% in the 2nd quarter. MQS Management LLC now owns 24,423 shares of the shipping company’s stock worth $283,000 after buying an additional 1,662 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after buying an additional 2,361 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Trading Down 1.1 %

Shares of NYSE DHT opened at $8.89 on Friday. DHT has a 1-year low of $8.67 and a 1-year high of $12.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. The business’s 50 day moving average is $10.23 and its two-hundred day moving average is $10.87. The stock has a market capitalization of $1.43 billion, a P/E ratio of 8.89 and a beta of -0.37.

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

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 9.90%. The ex-dividend date was Friday, November 22nd. DHT’s dividend payout ratio (DPR) is 88.00%.

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.