DHT Holdings, Inc. (NYSE:DHT) Given Average Rating of "Moderate Buy" by Analysts

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $13.54.

DHT has been the topic of a number of research reports. BTIG Research began coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a "buy" rating and a $16.00 price target on the stock. StockNews.com raised DHT from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Kepler Capital Markets cut DHT from a "buy" rating to a "hold" rating and set a $9.70 price target for the company. in a report on Thursday. Fearnley Fonds upgraded DHT to a "strong-buy" rating in a research note on Friday, September 27th. Finally, Stifel Nicolaus lowered their price objective on DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in shares of DHT by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company's stock valued at $588,000 after purchasing an additional 4,000 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in DHT during the third quarter valued at $134,000. Virtu Financial LLC acquired a new stake in shares of DHT during the 3rd quarter worth approximately $149,000. Hohimer Wealth Management LLC bought a new stake in DHT in the 3rd quarter valued at about $173,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of DHT during the third quarter worth approximately $50,000. 58.53% of the stock is owned by institutional investors.

DHT Stock Up 2.1 %

Shares of NYSE:DHT traded up $0.19 during midday trading on Friday, reaching $9.12. The company had a trading volume of 1,470,484 shares, compared to its average volume of 1,837,655. DHT has a 1-year low of $8.69 and a 1-year high of $12.80. The stock has a market cap of $1.47 billion, a PE ratio of 9.12 and a beta of -0.37. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The business's 50 day moving average price is $10.40 and its 200 day moving average price is $10.93.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. DHT had a net margin of 27.72% and a return on equity of 15.58%. The business had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. During the same period last year, the business posted $0.19 EPS. DHT's revenue was up 4.0% on a year-over-year basis. Research analysts forecast that DHT will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date of this dividend was Friday, November 22nd. DHT's dividend payout ratio (DPR) 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.