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

Shares of DHT Holdings, Inc. (NYSE:DHT) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.54.

A number of research firms have recently issued reports on DHT. Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research note on Thursday, December 12th. Jefferies Financial Group reiterated a “buy” rating and set a $14.00 price objective on shares of DHT in a research note on Wednesday, November 13th. Stifel Nicolaus reduced their target price 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. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, BTIG Research initiated coverage on shares of DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective on the stock.

Hedge Funds Weigh In On DHT

A number of hedge funds have recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of DHT by 10.0% during the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock valued at $266,849,000 after acquiring an additional 2,195,916 shares during the period. Wasatch Advisors LP bought a new position in DHT in the 3rd quarter valued at about $55,472,000. American Century Companies Inc. lifted its stake in shares of DHT by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock worth $33,183,000 after acquiring an additional 873,356 shares during the period. Two Sigma Advisers LP increased its stake in shares of DHT by 15.7% during the third quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company’s stock valued at $23,194,000 after acquiring an additional 284,900 shares during the period. Finally, LSV Asset Management increased its position in shares of DHT by 28.8% during the 2nd quarter. LSV Asset Management now owns 1,534,614 shares of the shipping company’s stock valued at $17,755,000 after purchasing an additional 343,100 shares during the period. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Trading Up 6.7 %

NYSE DHT opened at $10.72 on Thursday. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 10.72 and a beta of -0.38. 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 has a one year low of $8.67 and a one year high of $12.80. The company’s 50 day moving average price is $9.75 and its 200 day moving average price is $10.62.

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

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders 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 dividend yield of 8.21%. DHT’s dividend payout ratio (DPR) is presently 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.