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

DHT Holdings, Inc. (NYSE:DHT) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $14.1750.

A number of research analysts have weighed in on DHT shares. Evercore ISI boosted their target price on shares of DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Jefferies Financial Group reiterated a “buy” rating and issued a $16.00 price objective on shares of DHT in a research note on Thursday, October 30th. BTIG Research restated a “buy” rating and set a $16.00 target price on shares of DHT in a research note on Thursday, October 30th. Zacks Research raised DHT to a “hold” rating in a report on Monday, August 11th. Finally, Wall Street Zen lowered DHT from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd.

Institutional Trading of DHT

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of DHT by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 10,633,115 shares of the shipping company’s stock valued at $127,067,000 after buying an additional 66,242 shares during the last quarter. American Century Companies Inc. increased its stake in DHT by 7.8% during the third quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company’s stock valued at $63,097,000 after acquiring an additional 380,688 shares during the period. Victory Capital Management Inc. raised its holdings in DHT by 360.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock valued at $35,416,000 after acquiring an additional 2,320,564 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of DHT by 11.9% in the 3rd quarter. Wasatch Advisors LP now owns 2,329,182 shares of the shipping company’s stock worth $27,834,000 after acquiring an additional 248,620 shares during the period. Finally, Encompass Capital Advisors LLC acquired a new stake in shares of DHT during the 1st quarter worth approximately $19,950,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Stock Up 0.5%

Shares of DHT stock opened at $13.09 on Friday. DHT has a 12-month low of $8.67 and a 12-month high of $13.85. The company has a quick ratio of 1.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average price of $12.61 and a two-hundred day moving average price of $11.90. The stock has a market capitalization of $2.10 billion, a P/E ratio of 10.56 and a beta of -0.01.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, October 29th. The shipping company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. The business had revenue of $107.35 million during the quarter, compared to analysts’ expectations of $78.83 million. DHT had a net margin of 41.17% and a return on equity of 17.18%. DHT’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. Equities analysts expect that DHT will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 5.5%. The ex-dividend date was Wednesday, November 12th. DHT’s dividend payout ratio is presently 58.06%.

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.