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

DHT Holdings, Inc. (NYSE:DHT) has earned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.68.

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

DHT Trading Up 3.2 %

Shares of DHT stock opened at $10.41 on Friday. The company has a fifty day simple moving average of $10.53 and a 200-day simple moving average of $10.45. DHT has a 12-month low of $8.67 and a 12-month high of $12.80. 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 stock has a market cap of $1.68 billion, a price-to-earnings ratio of 9.29 and a beta of -0.06.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (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%. On average, equities analysts forecast that DHT will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

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

Institutional Trading of DHT

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

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.