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

Shares of DHT Holdings, Inc. (NYSE:DHT) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $14.1750.

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a $16.00 target price on shares of DHT in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research note on Wednesday, October 8th. Evercore ISI lifted their price objective on DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. BTIG Research reaffirmed a “buy” rating and issued a $16.00 target price on shares of DHT in a report on Thursday, October 30th. Finally, Zacks Research upgraded shares of DHT to a “hold” rating in a research report on Monday, August 11th.

DHT Price Performance

Shares of DHT stock opened at $13.09 on Friday. The firm has a market cap of $2.10 billion, a P/E ratio of 10.56 and a beta of -0.01. The firm’s 50-day simple moving average is $12.61 and its 200-day simple moving average is $11.90. DHT has a twelve month low of $8.67 and a twelve month high of $13.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, October 29th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.11. The firm had revenue of $107.35 million during the quarter, compared to analyst estimates of $78.83 million. DHT had a net margin of 41.17% and a return on equity of 17.18%. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 earnings per share. As a group, research analysts expect that DHT will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Wednesday, November 12th. DHT’s dividend payout ratio is currently 58.06%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DHT. Roble Belko & Company Inc bought a new stake in DHT during the 2nd quarter worth approximately $30,000. CWM LLC boosted its stake in DHT by 223.4% in the first quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock worth $32,000 after purchasing an additional 2,116 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of DHT by 101.6% in the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock valued at $32,000 after buying an additional 1,368 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of DHT by 190.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock valued at $33,000 after buying an additional 1,982 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of DHT by 344.1% in the second quarter. Farther Finance Advisors LLC now owns 3,162 shares of the shipping company’s stock valued at $34,000 after buying an additional 2,450 shares during the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

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.