Brokerages Set DHT Holdings, Inc. (NYSE:DHT) Target Price at $12.68

DHT Holdings, Inc. (NYSE:DHT) has been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $12.68.

A number of analysts have recently issued reports on the stock. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target on the stock. in a report on Thursday, December 12th. Jefferies Financial Group increased their price objective on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, February 6th.

DHT Price Performance

Shares of NYSE DHT opened at $10.54 on Tuesday. The company has a 50 day moving average of $10.87 and a 200 day moving average of $10.54. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. DHT has a twelve month low of $8.67 and a twelve month high of $12.80. The firm has a market cap of $1.70 billion, a P/E ratio of 9.41 and a beta of -0.38.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. As a group, research analysts expect that DHT will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s dividend payout ratio (DPR) is presently 60.71%.

Institutional Trading of DHT

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in shares of DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock worth $26,000 after acquiring an additional 1,265 shares during the last quarter. Spire Wealth Management bought a new position in DHT in the 4th quarter worth $36,000. Banque Transatlantique SA purchased a new position in DHT during the fourth quarter valued at $37,000. Sterling Capital Management LLC grew its holdings in DHT by 822.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 3,856 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in DHT during the third quarter valued at about $50,000. 58.53% of the stock is currently 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.