Analysts Set DHT Holdings, Inc. (NYSE:DHT) Price Target at $13.54

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six research firms that are covering the company, 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 12 month target price among analysts that have issued ratings on the stock in the last year is $13.54.

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

DHT Price Performance

NYSE:DHT traded down $0.31 during trading hours on Monday, reaching $11.50. 3,767,165 shares of the company's stock were exchanged, compared to its average volume of 2,301,227. 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 company has a market capitalization of $1.85 billion, a P/E ratio of 11.50 and a beta of -0.39. DHT has a 12 month low of $8.67 and a 12 month high of $12.80. The business's 50-day simple moving average is $10.07 and its two-hundred day simple moving average is $10.62.

DHT (NYSE:DHT - Get Free Report) last announced its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.12. DHT had a return on equity of 15.58% and a net margin of 27.72%. Sell-side analysts expect that DHT will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 5.92%. DHT's payout ratio is currently 88.00%.

Hedge Funds Weigh In On DHT

A number of institutional investors have recently modified their holdings of the company. Quarry LP lifted 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 worth $45,000 after acquiring an additional 3,717 shares during the last quarter. Spire Wealth Management acquired a new position in shares of DHT during the 4th quarter worth about $36,000. Sunbelt Securities Inc. acquired a new position in shares of DHT during the 3rd quarter worth about $50,000. Nisa Investment Advisors LLC boosted its stake 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 acquired a new stake in DHT in the 3rd quarter valued at approximately $114,000. Institutional investors own 58.53% of the company's stock.

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.