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

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

DHT has been the subject of several analyst reports. Fearnley Fonds upgraded shares of DHT to a “strong-buy” rating in a research report on Friday, September 27th. BTIG Research began coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 target price for the company. Jefferies Financial Group reissued a “buy” rating and issued a $14.00 price target on shares of DHT in a research note on Wednesday, November 13th. Stifel Nicolaus decreased their price objective on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Finally, Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a research note on Thursday, December 12th.

Institutional Investors Weigh In On DHT

A number of hedge funds have recently modified their holdings of the business. Wasatch Advisors LP bought a new position in shares of DHT during the 3rd quarter worth approximately $55,472,000. FMR LLC boosted its holdings 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 last quarter. American Century Companies Inc. grew its position in DHT by 43.8% in the second quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock valued at $33,183,000 after purchasing an additional 873,356 shares in the last quarter. International Assets Investment Management LLC increased its stake in DHT by 1,144.6% in the 3rd quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock valued at $7,487,000 after buying an additional 624,266 shares during the last quarter. Finally, Raymond James & Associates bought a new stake in DHT during the 3rd quarter worth about $5,004,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Up 3.6 %

NYSE:DHT opened at $11.10 on Thursday. The stock’s fifty day moving average price is $9.75 and its two-hundred day moving average price is $10.61. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 11.10 and a beta of -0.37. DHT has a 52-week low of $8.67 and a 52-week high of $12.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41.

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 business 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 quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 earnings per share. On average, analysts anticipate that DHT will post 1 EPS for the current year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 7.93%. DHT’s payout ratio 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.