DHT Holdings, Inc. (NYSE:DHT) Given Consensus Rating of “Buy” by Analysts

DHT Holdings, Inc. (NYSE:DHT) has been given an average recommendation of “Buy” by the five analysts that are covering the firm, Marketbeat.com reports. One research analyst has 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 12-month price target among brokerages that have updated their coverage on the stock in the last year is $14.50.

A number of equities research analysts recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a $14.00 price target on shares of DHT in a research report on Wednesday, November 13th. Fearnley Fonds raised DHT to a “strong-buy” rating in a research report on Friday, September 27th. Stifel Nicolaus decreased their target price on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. BTIG Research assumed coverage on DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 target price for the company. Finally, StockNews.com raised DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th.

DHT Stock Performance

DHT stock opened at $10.64 on Wednesday. The company has a market capitalization of $1.72 billion, a P/E ratio of 10.64 and a beta of -0.36. The business has a 50 day moving average of $10.93 and a 200-day moving average of $11.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. DHT has a 1 year low of $9.28 and a 1 year high of $12.80.

DHT (NYSE:DHT) last released its earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. On average, equities research analysts predict that DHT will post 1 earnings per share for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 8.27%. The ex-dividend date is Friday, November 22nd. DHT’s dividend payout ratio (DPR) is 108.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DHT. Quarry LP increased 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 acquiring an additional 3,717 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in DHT in the third quarter worth about $50,000. Summit Securities Group LLC purchased a new stake in DHT in the second quarter worth about $78,000. Nisa Investment Advisors LLC increased 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 buying an additional 2,361 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in DHT in the second quarter worth about $80,000. 58.53% of the stock is owned by institutional investors.

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.