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

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

DHT has been the subject of a number of recent research reports. 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 for the company. StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Jefferies Financial Group restated a “buy” rating and issued a $14.00 price objective on shares of DHT in a report on Wednesday, November 13th. Stifel Nicolaus lowered their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Finally, Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a report on Thursday, December 12th.

DHT Trading Down 1.5 %

Shares of DHT stock opened at $11.36 on Monday. DHT has a 1 year low of $8.67 and a 1 year high of $12.80. The firm has a market cap of $1.83 billion, a PE ratio of 11.36 and a beta of -0.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. The company has a 50 day simple moving average of $9.92 and a two-hundred day simple moving average of $10.60.

DHT (NYSE:DHT) last announced its quarterly earnings data 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. The firm had revenue of $92.64 million during the quarter, compared to analyst estimates of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. Analysts expect that DHT will post 1 earnings per share for the current fiscal 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 given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date of this dividend was Friday, November 22nd. DHT’s payout ratio is currently 88.00%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Spire Wealth Management purchased a new position in DHT during the 4th quarter valued at $36,000. Quarry LP increased its position in DHT by 2,494.6% during the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock valued at $45,000 after purchasing an additional 3,717 shares during the period. Sunbelt Securities Inc. purchased a new position in DHT during the 3rd quarter valued at $50,000. Nisa Investment Advisors LLC increased its position in DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after purchasing an additional 2,361 shares during the period. Finally, Soros Fund Management LLC purchased a new position in DHT during the 3rd quarter valued at $114,000. 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.