DHT Holdings, Inc. (NYSE:DHT) Receives $12.68 Consensus PT from Analysts

DHT Holdings, Inc. (NYSE:DHT) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $12.68.

A number of equities analysts have recently weighed in on DHT shares. Jefferies Financial Group upped their price objective on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Kepler Capital Markets cut 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.

DHT Stock Performance

DHT opened at $10.54 on Tuesday. The company has a 50 day simple moving average of $10.87 and a two-hundred day simple moving average of $10.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The firm has a market cap of $1.70 billion, a P/E ratio of 9.41 and a beta of -0.38. DHT has a 1-year low of $8.67 and a 1-year high of $12.80.

DHT (NYSE:DHT) last issued its earnings results 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 analysts forecast that DHT will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.45%. DHT’s payout ratio is 60.71%.

Institutional Investors Weigh In On DHT

A number of hedge funds have recently made changes to their positions in DHT. Wasatch Advisors LP purchased a new position in DHT during the 3rd quarter valued at approximately $55,472,000. FMR LLC boosted its position in shares of DHT by 10.0% during the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock valued at $266,849,000 after acquiring an additional 2,195,916 shares during the last quarter. DME Capital Management LP grew its holdings in shares of DHT by 20.8% in the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company’s stock valued at $48,735,000 after purchasing an additional 902,704 shares in the last quarter. Bridgeway Capital Management LLC bought a new stake in DHT in the fourth quarter worth $8,126,000. Finally, Victory Capital Management Inc. raised its stake in DHT by 1,367.3% during the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company’s stock valued at $4,681,000 after purchasing an additional 469,528 shares in the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

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.