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

Shares of DHT Holdings, Inc. (NYSE:DHT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are covering the company, MarketBeat.com reports. Two investment 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 twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.54.

A number of research analysts recently commented on DHT shares. BTIG Research initiated coverage on DHT in a research note on Tuesday, October 15th. They set a "buy" rating and a $16.00 price objective for the company. Fearnley Fonds upgraded shares of DHT to a "strong-buy" rating in a research report on Friday, September 27th. Kepler Capital Markets downgraded shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 price objective on the stock. in a research report on Thursday, December 12th. Jefferies Financial Group reissued a "buy" rating and set a $14.00 target price on shares of DHT in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded shares of DHT from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its position in DHT by 10.0% in the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company's stock worth $266,849,000 after purchasing an additional 2,195,916 shares during the period. Wasatch Advisors LP acquired a new stake in shares of DHT in the third quarter valued at $55,472,000. American Century Companies Inc. boosted its stake in DHT by 43.8% during the second quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company's stock valued at $33,183,000 after buying an additional 873,356 shares in the last quarter. Two Sigma Advisers LP grew its holdings in DHT by 15.7% during the third quarter. Two Sigma Advisers LP now owns 2,102,800 shares of the shipping company's stock worth $23,194,000 after acquiring an additional 284,900 shares during the period. Finally, LSV Asset Management raised its position in DHT by 28.8% in the second quarter. LSV Asset Management now owns 1,534,614 shares of the shipping company's stock worth $17,755,000 after acquiring an additional 343,100 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Performance

DHT stock traded up $0.06 during mid-day trading on Thursday, reaching $10.07. The company's stock had a trading volume of 1,588,813 shares, compared to its average volume of 1,744,403. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 10.07 and a beta of -0.38. DHT has a twelve month low of $8.67 and a twelve month high of $12.80. The business has a 50 day moving average price of $9.75 and a 200-day moving average price of $10.64. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35.

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, topping analysts' consensus estimates of $0.20 by $0.02. The firm had revenue of $92.64 million for the quarter, compared to analysts' expectations of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. DHT's revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.19 earnings per share. Sell-side analysts predict 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. Shareholders of record on Friday, November 22nd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 8.74%. DHT's dividend payout ratio (DPR) is 88.00%.

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.