DHT Holdings, Inc. (NYSE:DHT) Receives $12.94 Consensus Target Price from Analysts

Shares of DHT Holdings, Inc. (NYSE:DHT) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.94.

Several research analysts have weighed in on the company. Evercore ISI dropped their target price on DHT from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $15.00 price target on shares of DHT in a report on Wednesday, May 7th.

Hedge Funds Weigh In On DHT

Several institutional investors have recently bought and sold shares of DHT. Barclays PLC increased its holdings in shares of DHT by 229.4% during the 3rd quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock valued at $2,083,000 after acquiring an additional 131,551 shares during the last quarter. Spire Wealth Management bought a new stake in DHT during the fourth quarter worth approximately $36,000. Bleakley Financial Group LLC boosted its position in DHT by 302.1% during the fourth quarter. Bleakley Financial Group LLC now owns 41,990 shares of the shipping company’s stock worth $390,000 after purchasing an additional 31,548 shares during the period. Empowered Funds LLC acquired a new position in DHT during the fourth quarter valued at approximately $2,835,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of DHT in the fourth quarter valued at approximately $1,387,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Down 0.2%

DHT stock opened at $11.27 on Friday. The company has a 50 day moving average of $10.89 and a two-hundred day moving average of $10.52. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 10.06 and a beta of 0.07. DHT has a 12-month low of $8.67 and a 12-month high of $12.32. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

DHT (NYSE:DHT) last posted its quarterly earnings results on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. The business had revenue of $79.34 million for the quarter, compared to the consensus estimate of $84.00 million. During the same period in the prior year, the business posted $0.29 earnings per share. DHT’s revenue for the quarter was down 25.4% compared to the same quarter last year. On average, equities analysts anticipate that DHT will post 0.94 earnings per share for the current fiscal year.

DHT Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.15 per share. This represents a yield of 5.1%. The ex-dividend date was Wednesday, May 21st. DHT’s payout ratio is 54.55%.

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.