DHT Holdings, Inc. (NYSE:DHT) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of DHT Holdings, Inc. (NYSE:DHT) have been given an average recommendation of “Buy” by the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $14.50.

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

DHT Price Performance

DHT stock opened at $9.76 on Wednesday. The company has a market capitalization of $1.57 billion, a PE ratio of 9.88 and a beta of -0.36. The company’s fifty day moving average price is $10.88 and its 200-day moving average price is $11.21. DHT has a one year low of $9.28 and a one year high of $12.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41.

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. The firm had revenue of $92.64 million during the quarter, compared to analyst estimates of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 earnings per share. On average, equities analysts anticipate that DHT will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

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

Institutional Investors Weigh In On DHT

A number of institutional investors and hedge funds have recently modified their holdings of DHT. Sanctuary Advisors LLC purchased a new position in DHT in the 3rd quarter worth about $134,000. Virtu Financial LLC bought a new position in DHT in the 3rd quarter worth about $149,000. Hohimer Wealth Management LLC purchased a new position in shares of DHT during the third quarter worth approximately $173,000. Sunbelt Securities Inc. bought a new stake in shares of DHT during the third quarter valued at approximately $50,000. Finally, Barclays PLC boosted its holdings 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 during the period. 58.53% of the stock is owned by 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.