Brokerages Set DHT Holdings, Inc. (NYSE:DHT) Target Price at $14.50

DHT Holdings, Inc. (NYSE:DHT) has been given an average recommendation of “Buy” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.50.

A number of analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $14.00 price objective on shares of DHT in a research report on Wednesday, November 13th. BTIG Research started coverage on DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target on the stock. Stifel Nicolaus dropped their price objective on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research note on Friday, September 27th. Finally, StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.

DHT Trading Down 1.4 %

DHT stock opened at $10.23 on Wednesday. The firm has a fifty day moving average price of $10.91 and a 200 day moving average price of $11.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. The firm has a market cap of $1.65 billion, a PE ratio of 10.23 and a beta of -0.36. DHT has a fifty-two week low of $9.28 and a fifty-two week high of $12.80.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $92.64 million during the quarter, compared to analyst estimates of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. DHT’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. Sell-side analysts anticipate that DHT will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date is Friday, November 22nd. DHT’s dividend payout ratio (DPR) is presently 108.00%.

Institutional Investors Weigh In On DHT

A number of hedge funds have recently made changes to their positions in DHT. Pekin Hardy Strauss Inc. lifted its holdings in shares of DHT by 1.5% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock valued at $761,000 after purchasing an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in DHT by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 48,435 shares of the shipping company’s stock worth $560,000 after acquiring an additional 1,172 shares in the last quarter. Stifel Financial Corp boosted its holdings in DHT by 7.7% in the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after acquiring an additional 1,514 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of DHT by 7.2% during the first quarter. ProShare Advisors LLC now owns 24,358 shares of the shipping company’s stock valued at $280,000 after acquiring an additional 1,640 shares in the last quarter. Finally, MQS Management LLC increased its stake in DHT by 7.3% during the 2nd quarter. MQS Management LLC now owns 24,423 shares of the shipping company’s stock valued at $283,000 after purchasing an additional 1,662 shares in the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

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.