DHT Holdings, Inc. (NYSE:DHT) Receives $14.50 Consensus Price Target from Analysts

Shares of DHT Holdings, Inc. (NYSE:DHT) have earned a consensus rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $14.50.

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

DHT Stock Down 2.5 %

DHT stock opened at $9.76 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1.57 billion, a P/E ratio of 9.88 and a beta of -0.36. The business has a fifty day moving average of $10.88 and a two-hundred day moving average of $11.21. DHT has a twelve month low of $9.28 and a twelve month high of $12.80.

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

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 22nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 9.02%. The ex-dividend date of this dividend is Friday, November 22nd. DHT’s payout ratio is 88.00%.

Hedge Funds Weigh In On DHT

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in DHT during the 3rd quarter valued at approximately $134,000. Virtu Financial LLC purchased a new position in shares of DHT during the third quarter worth $149,000. Hohimer Wealth Management LLC acquired a new position in DHT during the third quarter valued at $173,000. Sunbelt Securities Inc. purchased a new stake in DHT in the third quarter valued at $50,000. Finally, Barclays PLC grew its position in DHT by 229.4% during the 3rd quarter. Barclays PLC now owns 188,899 shares of the shipping company’s stock worth $2,083,000 after purchasing an additional 131,551 shares during the period. Institutional investors and hedge funds own 58.53% of the company’s stock.

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.