Evercore ISI Lowers DHT (NYSE:DHT) Price Target to $13.00

DHT (NYSE:DHT - Free Report) had its price objective decreased by Evercore ISI from $14.00 to $13.00 in a research report released on Tuesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the shipping company's stock.

Separately, Jefferies Financial Group increased their target price on DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Three 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.74.

DHT Trading Up 1.4 %

DHT traded up $0.15 during trading on Tuesday, reaching $10.59. The company had a trading volume of 1,442,199 shares, compared to its average volume of 1,881,988. 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 52 week low of $8.67 and a 52 week high of $12.80. The stock has a market cap of $1.71 billion, a P/E ratio of 9.46 and a beta of -0.06. The business has a 50 day simple moving average of $10.42 and a 200-day simple moving average of $10.39.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating 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, equities analysts anticipate that DHT will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.42%. DHT's dividend payout ratio is currently 60.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of DHT by 81.5% during the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock valued at $25,000 after purchasing an additional 1,073 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in DHT by 84.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock worth $26,000 after buying an additional 1,265 shares during the period. Spire Wealth Management purchased a new position in shares of DHT in the 4th quarter valued at $36,000. Banque Transatlantique SA purchased a new position in shares of DHT in the 4th quarter valued at $37,000. Finally, Sterling Capital Management LLC raised its position 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 worth $40,000 after acquiring an additional 3,856 shares in the last quarter. 58.53% of the stock is currently 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.