DHT Holdings, Inc. (NYSE:DHT) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.68.

Several equities analysts have weighed in on DHT shares. StockNews.com raised DHT from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Kepler Capital Markets cut shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 target price on the stock. in a research note on Thursday, December 12th. Finally, Jefferies Financial Group raised their price objective on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, February 6th.

Hedge Funds Weigh In On DHT

Hedge funds have recently bought and sold shares of the company. Pekin Hardy Strauss Inc. raised its position in shares of DHT by 1.5% in the third quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company's stock valued at $761,000 after purchasing an additional 1,000 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock worth $26,000 after acquiring an additional 1,265 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of DHT by 7.7% during the 3rd quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company's stock valued at $235,000 after buying an additional 1,514 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of DHT by 3.2% in the 4th quarter. Vident Advisory LLC now owns 53,228 shares of the shipping company's stock worth $495,000 after acquiring an additional 1,665 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in DHT by 3.4% during the fourth quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company's stock valued at $498,000 after buying an additional 1,740 shares during the period. 58.53% of the stock is owned by hedge funds and other institutional investors.

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DHT Stock Performance

DHT stock traded up $0.10 during mid-day trading on Friday, hitting $10.44. 1,929,928 shares of the company's stock traded hands, compared to its average volume of 2,084,158. DHT has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 9.32 and a beta of -0.39. The firm has a 50 day simple moving average of $10.60 and a two-hundred day simple moving average of $10.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50.

DHT (NYSE:DHT - Get Free Report) last announced its earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. On average, research analysts expect that DHT will post 0.94 EPS 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 issued a $0.17 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.51%. DHT's payout ratio is currently 60.71%.

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.