DHT (NYSE:DHT) Stock Rating Lowered by Kepler Capital Markets

Kepler Capital Markets lowered shares of DHT (NYSE:DHT) from a buy rating to a hold rating in a research note released on Thursday, Marketbeat.com reports. Kepler Capital Markets currently has $9.70 price objective on the shipping company’s stock.

A number of other equities research analysts have also commented on DHT. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research report on Friday, September 27th. Jefferies Financial Group restated a “buy” rating and set a $14.00 price target on shares of DHT in a report on Wednesday, November 13th. BTIG Research initiated coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective on the stock. Stifel Nicolaus decreased their target price 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. Finally, StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.54.

DHT Price Performance

DHT stock opened at $9.12 on Thursday. DHT has a one year low of $8.69 and a one year high of $12.80. The firm has a 50-day moving average of $10.40 and a two-hundred day moving average of $10.94. 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 $1.47 billion, a PE ratio of 9.12 and a beta of -0.37.

DHT (NYSE:DHT) last announced its earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $92.64 million for 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%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 EPS. On average, analysts forecast that DHT will post 1 earnings per share for the current year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date of this dividend was Friday, November 22nd. DHT’s dividend payout ratio is presently 88.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in DHT by 10.0% during the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock worth $266,849,000 after purchasing an additional 2,195,916 shares during the period. Wasatch Advisors LP acquired a new stake in shares of DHT in the third quarter worth $55,472,000. Acadian Asset Management LLC boosted its holdings in shares of DHT by 43.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company’s stock worth $39,184,000 after buying an additional 1,032,832 shares during the period. American Century Companies Inc. grew its stake in DHT by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock valued at $33,183,000 after buying an additional 873,356 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in DHT by 15.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company’s stock worth $23,194,000 after acquiring an additional 284,900 shares during the period. 58.53% of the stock is owned by institutional investors.

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.