DHT Holdings, Inc. (NYSE:DHT) Receives $13.54 Average Price Target from Analysts

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

DHT has been the topic of a number of research analyst reports. Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a report on Thursday, December 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a $14.00 price target on shares of DHT in a report on Wednesday, November 13th. BTIG Research initiated coverage on DHT in a report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price objective on the stock. Stifel Nicolaus reduced their price target 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, StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.

Hedge Funds Weigh In On DHT

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Spire Wealth Management acquired a new stake in DHT in the fourth quarter worth about $36,000. Quarry LP raised its position in shares of DHT by 2,494.6% during the second quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after purchasing an additional 3,717 shares during the period. Sunbelt Securities Inc. bought a new position in DHT in the third quarter valued at approximately $50,000. Nisa Investment Advisors LLC boosted its stake in DHT by 52.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after purchasing an additional 2,361 shares during the period. Finally, Soros Fund Management LLC bought a new position in shares of DHT during the third quarter worth about $114,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Trading Down 0.5 %

Shares of DHT stock opened at $11.80 on Monday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 11.80 and a beta of -0.39. The company’s 50-day simple moving average is $10.03 and its 200-day simple moving average is $10.61. DHT has a 52-week low of $8.67 and a 52-week high of $12.80. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 15.58% and a net margin of 27.72%. As a group, equities research analysts anticipate that DHT will post 1 earnings per share for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 annualized dividend and a yield of 7.46%. DHT’s dividend payout ratio is currently 88.00%.

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.