DHT Holdings, Inc. (NYSE:DHT) Receives Average Recommendation of “Buy” from Analysts

DHT Holdings, Inc. (NYSE:DHT) has been given an average recommendation of “Buy” by the four analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $14.67.

A number of equities analysts have issued reports on the company. StockNews.com cut DHT from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Fearnley Fonds raised DHT to a “strong-buy” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus upped their target price on DHT from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th.

DHT Price Performance

DHT stock opened at $11.90 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87. DHT has a 52 week low of $9.28 and a 52 week high of $12.80. The stock has a market capitalization of $1.92 billion, a P/E ratio of 11.33 and a beta of -0.36. The stock has a fifty day moving average of $11.00 and a 200-day moving average of $11.39.

DHT (NYSE:DHT) last issued its earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). DHT had a return on equity of 15.19% and a net margin of 27.45%. The firm had revenue of $103.70 million during the quarter, compared to analyst estimates of $102.75 million. During the same period in the previous year, the company earned $0.35 EPS. DHT’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, sell-side analysts expect that DHT will post 1.14 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were given a dividend of $0.27 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.08 annualized dividend and a dividend yield of 9.08%. DHT’s payout ratio is 102.86%.

Institutional Investors Weigh In On DHT

Several institutional investors and hedge funds have recently made changes to their positions in DHT. Quarry LP boosted its holdings in DHT by 2,494.6% in the second quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after acquiring an additional 3,717 shares in the last quarter. Headlands Technologies LLC bought a new position in DHT in the first quarter worth approximately $51,000. Summit Securities Group LLC bought a new position in DHT in the second quarter worth approximately $78,000. Point72 Hong Kong Ltd bought a new position in DHT in the second quarter worth approximately $80,000. Finally, Blue Trust Inc. boosted its holdings in DHT by 41,626.3% in the second quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock worth $91,000 after acquiring an additional 7,909 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

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.