DHT Holdings, Inc. (NYSE:DHT) Receives $13.54 Consensus Target Price from Brokerages

DHT Holdings, Inc. (NYSE:DHT) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Two research 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 1-year price objective among brokers that have issued ratings on the stock in the last year is $13.54.

Several equities research analysts have recently commented on the company. Fearnley Fonds raised DHT to a “strong-buy” rating in a report on Friday, September 27th. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Stifel Nicolaus dropped 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. Jefferies Financial Group restated a “buy” rating and issued a $14.00 price target on shares of DHT in a research report on Wednesday, November 13th. Finally, BTIG Research initiated coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price objective on the stock.

Institutional Trading of DHT

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of DHT by 10.0% in the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock valued at $266,849,000 after purchasing an additional 2,195,916 shares during the last quarter. Wasatch Advisors LP bought a new position in DHT during the third quarter valued at about $55,472,000. American Century Companies Inc. lifted its position in shares of DHT by 43.8% in the second quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock worth $33,183,000 after buying an additional 873,356 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of DHT by 15.7% during 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 in the last quarter. Finally, LSV Asset Management increased its holdings in shares of DHT by 28.8% during the 2nd quarter. LSV Asset Management now owns 1,534,614 shares of the shipping company’s stock valued at $17,755,000 after acquiring an additional 343,100 shares during the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Stock Up 6.7 %

NYSE DHT opened at $10.72 on Thursday. DHT has a 12 month low of $8.67 and a 12 month high of $12.80. The company has a market capitalization of $1.73 billion, a P/E ratio of 10.72 and a beta of -0.38. The company’s 50 day simple moving average is $9.75 and its 200 day simple moving average is $10.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97.

DHT (NYSE:DHT) last posted its quarterly 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 analysts’ expectations of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. Equities research analysts expect that DHT will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 8.21%. The ex-dividend date of this dividend was Friday, November 22nd. DHT’s dividend payout ratio (DPR) is presently 88.00%.

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.