Brokerages Set DHT Holdings, Inc. (NYSE:DHT) Price Target at $14.18

Shares of DHT Holdings, Inc. (NYSE:DHT) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $14.1750.

A number of research analysts recently issued reports on DHT shares. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a report on Wednesday, October 8th. Zacks Research upgraded shares of DHT to a “hold” rating in a report on Monday, August 11th. Jefferies Financial Group reissued a “buy” rating and issued a $16.00 target price on shares of DHT in a report on Thursday, October 30th. BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of DHT in a research report on Thursday, October 30th. Finally, Evercore ISI boosted their price objective on shares of DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th.

Institutional Trading of DHT

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of DHT by 81.5% during the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company’s stock worth $25,000 after purchasing an additional 1,073 shares during the period. Roble Belko & Company Inc acquired a new position in DHT during the 2nd quarter worth approximately $30,000. CWM LLC boosted its position in DHT by 223.4% in the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock valued at $32,000 after buying an additional 2,116 shares during the last quarter. Federated Hermes Inc. raised its position in shares of DHT by 101.6% in the 3rd quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,368 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of DHT by 190.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock worth $33,000 after purchasing an additional 1,982 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Stock Down 0.2%

Shares of DHT stock opened at $13.34 on Wednesday. DHT has a fifty-two week low of $8.67 and a fifty-two week high of $13.61. The firm has a market capitalization of $2.14 billion, a PE ratio of 10.75 and a beta of -0.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33. The stock’s 50-day simple moving average is $12.37 and its 200-day simple moving average is $11.69.

DHT (NYSE:DHT) last released its quarterly earnings data on Wednesday, October 29th. The shipping company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. DHT had a net margin of 41.17% and a return on equity of 17.18%. The company had revenue of $79.10 million during the quarter, compared to analysts’ expectations of $78.83 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. Equities analysts expect that DHT will post 0.94 earnings per share for the current year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, November 12th. DHT’s payout ratio is currently 58.06%.

DHT Company Profile

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.