DHT Holdings, Inc. (NYSE:DHT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of DHT Holdings, Inc. (NYSE:DHT) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have 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 1-year price target among analysts that have issued a report on the stock in the last year is $13.54.

Several equities research analysts have recently issued reports on the company. Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a research note on Thursday, December 12th. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Stifel Nicolaus cut their price objective on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. BTIG Research began coverage on shares of DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Jefferies Financial Group upped their price target on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday.

Institutional Investors Weigh In On DHT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHT. Spire Wealth Management purchased a new position in shares of DHT during the fourth quarter worth approximately $36,000. Quarry LP grew its stake in DHT by 2,494.6% in the second quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after purchasing an additional 3,717 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in DHT during the 3rd quarter worth $50,000. Nisa Investment Advisors LLC raised 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 in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of DHT in the 4th quarter worth $108,000. Institutional investors own 58.53% of the company’s stock.

DHT Stock Down 1.4 %

NYSE DHT opened at $11.35 on Monday. The stock has a 50 day moving average price of $10.07 and a 200-day moving average price of $10.62. DHT has a one year low of $8.67 and a one year high of $12.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. The company has a market capitalization of $1.83 billion, a P/E ratio of 11.35 and a beta of -0.39.

DHT (NYSE:DHT) last released its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a net margin of 27.72% and a return on equity of 15.58%. As a group, equities analysts predict that DHT will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date is Tuesday, February 18th. DHT’s payout ratio is presently 88.00%.

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.