DHT Holdings, Inc. (NYSE:DHT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of DHT Holdings, Inc. (NYSE:DHT) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two 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. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $13.54.

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

DHT Stock Up 2.0 %

DHT stock opened at $11.40 on Thursday. The business has a 50 day moving average of $9.81 and a 200 day moving average of $10.61. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1.84 billion, a PE ratio of 11.40 and a beta of -0.38. DHT has a twelve month low of $8.67 and a twelve month high of $12.80.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $92.64 million during 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%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 earnings per share. On average, research analysts forecast that DHT will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders 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 dividend yield of 7.72%. The ex-dividend date was Friday, November 22nd. DHT’s dividend payout ratio (DPR) is currently 88.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of DHT by 12.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 466,751 shares of the shipping company’s stock worth $5,400,000 after acquiring an additional 51,522 shares during the period. Principal Financial Group Inc. grew its stake in shares of DHT by 8.6% during the 2nd quarter. Principal Financial Group Inc. now owns 81,471 shares of the shipping company’s stock valued at $943,000 after buying an additional 6,454 shares during the period. LSV Asset Management raised its holdings in shares of 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. Headlands Technologies LLC lifted its position in DHT by 136.6% during the second quarter. Headlands Technologies LLC now owns 10,413 shares of the shipping company’s stock valued at $120,000 after buying an additional 6,011 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in DHT by 8.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 61,280 shares of the shipping company’s stock valued at $709,000 after purchasing an additional 4,861 shares in the last quarter. Institutional investors and hedge funds 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.