DHT Holdings, Inc. (NYSE:DHT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of DHT Holdings, Inc. (NYSE:DHT) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $12.68.

Several research firms recently weighed in on DHT. Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a report on Thursday, December 12th. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group lifted their price objective on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, February 6th.

DHT Price Performance

DHT stock opened at $10.21 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 9.11 and a beta of -0.39. The firm has a 50-day moving average of $10.55 and a two-hundred day moving average of $10.57. DHT has a 1 year low of $8.67 and a 1 year high of $12.80.

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 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%. On average, research analysts forecast that DHT will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a $0.17 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.66%. DHT’s dividend payout ratio is currently 60.71%.

Institutional Investors Weigh In On DHT

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position 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 valued at $26,000 after acquiring an additional 1,265 shares during the period. Spire Wealth Management acquired a new stake in DHT in the fourth quarter valued at approximately $36,000. Banque Transatlantique SA acquired a new position in shares of DHT during the 4th quarter worth approximately $37,000. Sterling Capital Management LLC grew its stake in DHT by 822.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 3,856 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in DHT in the 3rd quarter worth $50,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

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.