DHT Holdings, Inc. (NYSE:DHT) Given Average Recommendation of “Moderate Buy” by Brokerages

DHT Holdings, Inc. (NYSE:DHT) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.54.

A number of equities research analysts have commented on DHT shares. Jefferies Financial Group raised their price target on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com raised DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a research note on Thursday, December 12th. Stifel Nicolaus reduced their price objective 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. Finally, BTIG Research assumed 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DHT. Quarry LP lifted its position in DHT by 2,494.6% during the second 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 during the last quarter. Spire Wealth Management purchased a new stake in shares of DHT during the 4th quarter valued at about $36,000. Sunbelt Securities Inc. bought a new position in shares of DHT in the 3rd quarter valued at about $50,000. Nisa Investment Advisors LLC grew its position 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 in the last quarter. Finally, Soros Fund Management LLC bought a new stake in DHT during the third quarter worth approximately $114,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

DHT Trading Down 1.4 %

DHT stock opened at $11.35 on Monday. DHT has a 12-month low of $8.67 and a 12-month high of $12.80. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 10.14 and a beta of -0.39. The firm has a 50 day moving average of $10.11 and a 200 day moving average of $10.60. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.43%. As a group, research analysts predict that DHT will post 0.84 earnings per share for the current year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.99%. DHT’s dividend payout ratio is currently 60.71%.

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.