DHT Holdings, Inc. (NYSE:DHT) Receives $12.68 Consensus Target Price from Brokerages

Shares of DHT Holdings, Inc. (NYSE:DHT - Get Free Report) have received a consensus rating of "Moderate Buy" from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.68.

Separately, Jefferies Financial Group boosted their target price on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, February 6th.

DHT Trading Down 3.4 %

NYSE DHT traded down $0.35 on Friday, hitting $10.07. The company's stock had a trading volume of 1,139,033 shares, compared to its average volume of 1,874,922. The firm has a market cap of $1.62 billion, a PE ratio of 8.99 and a beta of -0.06. The company's 50-day moving average is $10.49 and its 200 day moving average is $10.42. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. DHT has a 1-year low of $8.67 and a 1-year high of $12.80.

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 the consensus estimate 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 predict that DHT will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a yield of 6.75%. DHT's dividend payout ratio (DPR) is currently 60.71%.

Institutional Trading of DHT

Several institutional investors have recently made changes to their positions in the company. DME Capital Management LP grew its holdings in shares of DHT by 20.8% in the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock valued at $48,735,000 after acquiring an additional 902,704 shares in the last quarter. Wasatch Advisors LP raised its position in shares of DHT by 1.0% in the fourth quarter. Wasatch Advisors LP now owns 5,077,223 shares of the shipping company's stock valued at $47,167,000 after purchasing an additional 48,037 shares during the period. American Century Companies Inc. lifted its stake in shares of DHT by 13.1% during the 4th quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock valued at $37,658,000 after buying an additional 468,281 shares in the last quarter. Geode Capital Management LLC grew its stake in DHT by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company's stock valued at $15,400,000 after buying an additional 5,603 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in DHT by 1.7% during the 4th quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company's stock valued at $14,107,000 after acquiring an additional 24,710 shares during the period. Institutional investors 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.