DHT Holdings, Inc. (NYSE:DHT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of DHT Holdings, Inc. (NYSE:DHT) have been given an average rating of “Moderate Buy” by the five research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $12.68.

Separately, Jefferies Financial Group boosted their price target on shares of DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th.

DHT Stock Performance

Shares of DHT stock opened at $10.41 on Friday. DHT has a one year low of $8.67 and a one year high of $12.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. The firm’s 50 day moving average price is $10.53 and its 200-day moving average price is $10.45. The firm has a market cap of $1.68 billion, a P/E ratio of 9.29 and a beta of -0.06.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. As a group, equities research analysts predict that DHT will post 0.94 EPS for the current year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 annualized dividend and a yield of 6.54%. DHT’s dividend payout ratio (DPR) is 60.71%.

Hedge Funds Weigh In On DHT

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. DME Capital Management LP raised its holdings in DHT by 20.8% in the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company’s stock valued at $48,735,000 after acquiring an additional 902,704 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of DHT by 1.0% in the 4th quarter. Wasatch Advisors LP now owns 5,077,223 shares of the shipping company’s stock valued at $47,167,000 after purchasing an additional 48,037 shares in the last quarter. American Century Companies Inc. lifted its position in shares of DHT by 13.1% during the 4th quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company’s stock worth $37,658,000 after purchasing an additional 468,281 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DHT by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company’s stock worth $15,400,000 after purchasing an additional 5,603 shares in the last quarter. Finally, Northern Trust Corp raised its stake in DHT by 1.7% in the fourth quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company’s stock valued at $14,107,000 after buying an additional 24,710 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

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.