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

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) has earned an average rating of "Buy" from the five analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $14.50.

A number of equities research analysts have weighed in on DHT shares. Fearnley Fonds upgraded shares of DHT to a "strong-buy" rating in a research note on Friday, September 27th. StockNews.com cut DHT from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. Stifel Nicolaus dropped their target price on DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, BTIG Research assumed coverage on DHT in a research note on Tuesday, October 15th. They issued a "buy" rating and a $16.00 price objective for the company.

DHT Stock Performance

Shares of DHT stock traded up $0.06 during trading on Friday, hitting $10.56. 1,088,322 shares of the company's stock traded hands, compared to its average volume of 1,851,229. DHT has a 1 year low of $9.28 and a 1 year high of $12.80. The business has a 50-day simple moving average of $11.02 and a 200-day simple moving average of $11.37. The stock has a market capitalization of $1.70 billion, a P/E ratio of 10.06 and a beta of -0.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 2.33.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). The company had revenue of $103.70 million during the quarter, compared to the consensus estimate of $102.75 million. DHT had a return on equity of 15.19% and a net margin of 27.45%. The business's revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, analysts forecast that DHT will post 1.14 EPS for the current year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were paid a $0.27 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 10.23%. DHT's dividend payout ratio (DPR) is presently 102.86%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DHT. Acadian Asset Management LLC raised its holdings in DHT by 43.8% during the second quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company's stock valued at $39,184,000 after acquiring an additional 1,032,832 shares during the period. American Century Companies Inc. lifted its holdings in DHT by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company's stock worth $33,183,000 after purchasing an additional 873,356 shares in the last quarter. LSV Asset Management boosted its stake in DHT by 28.8% in the 2nd quarter. LSV Asset Management now owns 1,534,614 shares of the shipping company's stock worth $17,755,000 after purchasing an additional 343,100 shares during the period. M&G Plc purchased a new stake in DHT during the 1st quarter valued at approximately $16,417,000. Finally, Vanguard Group Inc. grew its holdings in DHT by 15.2% during the 1st quarter. Vanguard Group Inc. now owns 998,097 shares of the shipping company's stock valued at $11,478,000 after buying an additional 132,039 shares in the last quarter. Hedge funds and other 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.