Brokerages Set DHT Holdings, Inc. (NYSE:DHT) Target Price at $12.68

Shares of DHT Holdings, Inc. (NYSE:DHT - Get Free Report) have received an average recommendation of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.68.

DHT has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price objective on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. 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.

DHT Stock Up 1.8 %

Shares of DHT traded up $0.19 during mid-day trading on Tuesday, reaching $10.72. The company's stock had a trading volume of 1,042,189 shares, compared to its average volume of 1,804,000. DHT has a 1 year low of $8.67 and a 1 year high of $12.80. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 9.57 and a beta of -0.38. The business has a fifty day moving average of $10.87 and a 200 day moving average of $10.54.

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DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. As a group, analysts forecast that DHT will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date was Tuesday, February 18th. DHT's dividend payout ratio (DPR) is presently 60.71%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in DHT by 84.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock worth $26,000 after purchasing an additional 1,265 shares in the last quarter. Spire Wealth Management bought a new stake in shares of DHT during the 4th quarter worth about $36,000. Banque Transatlantique SA acquired a new position in shares of DHT during the 4th quarter valued at about $37,000. Sterling Capital Management LLC raised its stake in shares of DHT by 822.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock valued at $40,000 after acquiring an additional 3,856 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in DHT in the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 58.53% of the company's stock.

About DHT

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.