DHT Holdings, Inc. (NYSE:DHT) Receives $14.50 Consensus Target Price from Brokerages

DHT Holdings, Inc. (NYSE:DHT) has been assigned an average rating of “Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.50.

DHT has been the topic of a number of analyst reports. 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 set a $14.00 price target on shares of DHT in a report on Wednesday, November 13th. Stifel Nicolaus decreased their price objective on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research note on Friday, September 27th. Finally, BTIG Research began coverage on DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target for the company.

DHT Trading Down 1.4 %

NYSE:DHT opened at $10.23 on Wednesday. The firm has a market cap of $1.65 billion, a P/E ratio of 10.23 and a beta of -0.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. DHT has a 52 week low of $9.28 and a 52 week high of $12.80. The firm’s fifty day moving average is $10.91 and its 200-day moving average is $11.22.

DHT (NYSE:DHT) last released its earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. DHT had a net margin of 27.72% and a return on equity of 15.58%. The company had revenue of $92.64 million for the quarter, compared to the consensus estimate of $87.51 million. During the same quarter in the previous year, the company earned $0.19 EPS. DHT’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts expect that DHT will post 1 earnings per share for the current year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 8.60%. The ex-dividend date of this dividend is Friday, November 22nd. DHT’s dividend payout ratio is currently 108.00%.

Hedge Funds Weigh In On DHT

Large investors have recently bought and sold shares of the stock. Wasatch Advisors LP bought a new stake in shares of DHT in the 3rd quarter worth approximately $55,472,000. FMR LLC grew its holdings in shares of DHT by 10.0% during the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock valued at $266,849,000 after buying an additional 2,195,916 shares during the last quarter. Acadian Asset Management LLC raised its holdings in DHT by 43.8% in the 2nd quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company’s stock worth $39,184,000 after acquiring an additional 1,032,832 shares during the last quarter. American Century Companies Inc. lifted its position in DHT by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company’s stock valued at $33,183,000 after acquiring an additional 873,356 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of DHT by 1,144.6% in the third quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company’s stock worth $7,487,000 after purchasing an additional 624,266 shares during the last quarter. 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.