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

DHT Holdings, Inc. (NYSE:DHT) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $12.68.

DHT has been the topic of a number of research reports. Jefferies Financial Group lifted their target price on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research report on Thursday, December 12th.

Hedge Funds Weigh In On DHT

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock valued at $26,000 after purchasing an additional 1,265 shares in the last quarter. Spire Wealth Management purchased a new position in DHT in the 4th quarter worth approximately $36,000. Banque Transatlantique SA bought a new position in DHT in the 4th quarter valued at approximately $37,000. Sterling Capital Management LLC boosted its stake in DHT by 822.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 3,856 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of DHT in the 3rd quarter worth $50,000. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Performance

Shares of NYSE:DHT opened at $10.91 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $10.89 and a 200-day moving average price of $10.53. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 9.74 and a beta of -0.38. DHT has a 12 month low of $8.67 and a 12 month high of $12.80.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts anticipate that DHT will post 0.94 EPS for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date was Tuesday, February 18th. DHT’s payout ratio is 60.71%.

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.