DHT Holdings, Inc. (NYSE:DHT) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of DHT Holdings, Inc. (NYSE:DHT - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.94.

Several equities analysts have recently weighed in on DHT shares. Evercore ISI dropped their price objective on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a "buy" rating and issued a $15.00 target price on shares of DHT in a research report on Wednesday, May 7th.

DHT Trading Up 2.1%

NYSE DHT traded up $0.23 during trading hours on Thursday, hitting $11.18. 831,091 shares of the company's stock were exchanged, compared to its average volume of 1,873,389. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 10.16 and a beta of 0.05. The stock has a 50-day simple moving average of $11.34 and a 200 day simple moving average of $10.74. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. DHT has a 1-year low of $8.67 and a 1-year high of $12.32.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. DHT had a net margin of 32.87% and a return on equity of 17.08%. The company had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. During the same quarter last year, the firm posted $0.29 EPS. The company's quarterly revenue was down 25.4% on a year-over-year basis. On average, equities analysts forecast that DHT will post 0.94 EPS for the current fiscal year.

DHT Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, May 28th. Investors of record on Thursday, May 22nd were given a $0.15 dividend. The ex-dividend date was Wednesday, May 21st. This represents a yield of 5.1%. DHT's payout ratio is 54.55%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of DHT by 9.5% in the 4th quarter. Principal Financial Group Inc. now owns 107,906 shares of the shipping company's stock worth $1,002,000 after buying an additional 9,341 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of DHT in the fourth quarter valued at approximately $435,000. SBI Securities Co. Ltd. bought a new position in DHT in the 4th quarter valued at $108,000. 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 valued at $4,681,000 after buying an additional 469,528 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of DHT in the 4th quarter worth $4,148,000. Hedge funds and other institutional investors 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.