Analysts Set DHT Holdings, Inc. (NYSE:DHT) PT at $12.94

Shares of DHT Holdings, Inc. (NYSE:DHT) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.94.

DHT has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $15.00 price target on shares of DHT in a research report on Wednesday, May 7th. Evercore ISI lowered their price objective on shares of DHT from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd.

Hedge Funds Weigh In On DHT

Several large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of DHT by 33.2% during the 4th quarter. Ameriprise Financial Inc. now owns 438,930 shares of the shipping company’s stock worth $4,078,000 after purchasing an additional 109,376 shares in the last quarter. Barclays PLC raised its stake in shares of DHT by 229.4% in the third quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock valued at $2,083,000 after purchasing an additional 131,551 shares in the last quarter. Raymond James Financial Inc. bought a new position in DHT in the fourth quarter worth $4,148,000. Allspring Global Investments Holdings LLC bought a new position in DHT in the fourth quarter worth $1,387,000. Finally, Victory Capital Management Inc. boosted its stake in DHT by 1,367.3% during the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company’s stock worth $4,681,000 after buying an additional 469,528 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

DHT Stock Down 0.2%

DHT stock opened at $11.27 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. DHT has a fifty-two week low of $8.67 and a fifty-two week high of $12.32. The firm has a fifty day moving average price of $10.89 and a two-hundred day moving average price of $10.52. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 10.06 and a beta of 0.07.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. The business had revenue of $79.34 million during the quarter, compared to analysts’ expectations of $84.00 million. During the same quarter in the previous year, the firm earned $0.29 EPS. The firm’s revenue was down 25.4% compared to the same quarter last year. As a group, analysts forecast that DHT will post 0.94 earnings per share for the current year.

DHT Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 28th. Investors of record on Thursday, May 22nd were given a dividend of $0.15 per share. This represents a yield of 5.1%. The ex-dividend date was Wednesday, May 21st. DHT’s dividend payout ratio (DPR) is presently 54.55%.

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.