DHT (NYSE:DHT) Hits New 1-Year Low - Should You Sell?

Shares of DHT Holdings, Inc. (NYSE:DHT - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.67 and last traded at $8.75, with a volume of 166748 shares trading hands. The stock had previously closed at $8.94.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DHT shares. StockNews.com raised DHT from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. 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. Stifel Nicolaus reduced their price objective on shares of DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd. BTIG Research started coverage on shares of DHT in a research report on Tuesday, October 15th. They issued a "buy" rating and a $16.00 target price for the company. Finally, Fearnley Fonds raised shares of DHT to a "strong-buy" rating in a research note on Friday, September 27th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, DHT has an average rating of "Moderate Buy" and an average target price of $13.54.

DHT Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. The stock's 50-day moving average price is $10.34 and its two-hundred day moving average price is $10.91. The stock has a market capitalization of $1.45 billion, a PE ratio of 9.00 and a beta of -0.37.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. DHT had a net margin of 27.72% and a return on equity of 15.58%. The business had revenue of $92.64 million for the quarter, compared to analysts' expectations of $87.51 million. During the same quarter in the prior year, the company earned $0.19 earnings per share. The business's revenue was up 4.0% compared to the same quarter last year. As a group, analysts expect that DHT Holdings, Inc. will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 9.78%. The ex-dividend date was Friday, November 22nd. DHT's dividend payout ratio (DPR) is presently 88.00%.

Institutional Investors Weigh In On DHT

Hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP purchased a new position in shares of DHT in the 3rd quarter worth about $55,472,000. FMR LLC raised its holdings 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 buying an additional 2,195,916 shares during the last quarter. Acadian Asset Management LLC raised its holdings in DHT by 43.8% in the second quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company's stock worth $39,184,000 after buying an additional 1,032,832 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of DHT by 43.8% in the second quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company's stock worth $33,183,000 after buying an additional 873,356 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of DHT by 1,144.6% during the third quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company's stock valued at $7,487,000 after buying an additional 624,266 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

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.