DHT Holdings, Inc. (NYSE:DHT) Given Average Rating of “Moderate Buy” by Analysts

Shares of DHT Holdings, Inc. (NYSE:DHT) have been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.94.

Several brokerages recently issued reports on DHT. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research report on Wednesday. Jefferies Financial Group restated a “buy” rating and set a $15.00 price objective on shares of DHT in a research report on Thursday, August 7th. Finally, Zacks Research upgraded DHT to a “hold” rating in a report on Monday, August 11th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DHT. Encompass Capital Advisors LLC acquired a new position in DHT in the 1st quarter valued at $19,950,000. Qube Research & Technologies Ltd raised its holdings in DHT by 706.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company’s stock valued at $11,650,000 after acquiring an additional 943,990 shares during the last quarter. Corigliano Investment Advisers LLC acquired a new position in DHT in the 1st quarter valued at $5,788,000. American Century Companies Inc. raised its holdings in DHT by 11.2% in the 2nd quarter. American Century Companies Inc. now owns 4,899,375 shares of the shipping company’s stock valued at $52,962,000 after acquiring an additional 491,717 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of DHT by 1,376.6% during the 2nd quarter. Lazard Asset Management LLC now owns 388,043 shares of the shipping company’s stock valued at $4,194,000 after buying an additional 361,764 shares during the period. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Trading Down 2.9%

Shares of DHT stock opened at $11.42 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 1.96. DHT has a 1 year low of $8.67 and a 1 year high of $13.06. The company has a market capitalization of $1.83 billion, a P/E ratio of 9.67 and a beta of 0.01. The business has a 50 day moving average price of $11.85 and a 200 day moving average price of $11.30.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, August 6th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. DHT had a return on equity of 16.36% and a net margin of 36.58%.The firm had revenue of $92.80 million during the quarter, compared to the consensus estimate of $95.41 million. During the same period in the previous year, the firm posted $0.27 EPS. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. Sell-side analysts anticipate that DHT will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were issued a $0.24 dividend. This is a boost from DHT’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, August 18th. This represents a $0.96 annualized dividend and a yield of 8.4%. DHT’s payout ratio is presently 81.36%.

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.