Brokerages Set DHT Holdings, Inc. (NYSE:DHT) PT at $13.54

DHT Holdings, Inc. (NYSE:DHT) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.54.

DHT has been the subject of several analyst reports. BTIG Research started coverage on DHT in a research report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective for the company. Jefferies Financial Group reiterated a “buy” rating and set a $14.00 price target on shares of DHT in a report on Wednesday, November 13th. Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective on the stock. in a report on Thursday, December 12th. Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a research note on Friday, September 27th. Finally, StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.

Institutional Investors Weigh In On DHT

Several large investors have recently added to or reduced their stakes in the business. Quarry LP raised its position in DHT by 2,494.6% in 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 in the last quarter. Sunbelt Securities Inc. acquired a new stake in DHT in the third quarter valued at approximately $50,000. Summit Securities Group LLC acquired a new stake in DHT in the second quarter valued at approximately $78,000. Nisa Investment Advisors LLC lifted its stake in DHT by 52.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after acquiring an additional 2,361 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of DHT in the 2nd quarter valued at approximately $80,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Stock Down 1.1 %

DHT stock opened at $8.89 on Friday. 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 50-day moving average of $10.23 and a two-hundred day moving average of $10.87. DHT has a 12 month low of $8.67 and a 12 month high of $12.80. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 8.89 and a beta of -0.37.

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

DHT Cuts Dividend

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