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

Key Points

• DHT Holdings, Inc. has received a consensus rating of "Moderate Buy" from seven research firms, with four analysts recommending buying the stock and three recommending holding it.
• The company declared a quarterly dividend of $0.24 per share, leading to an annualized yield of 8.4%, an increase from the previous dividend of $0.17.
• DHT reported earnings of $0.24 per share, surpassing expectations, although revenue for the quarter was down 10.5% year-over-year at $92.80 million.

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the firm, MarketBeat reports. Three 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 target among analysts that have updated their coverage on the stock in the last year is $12.94.

A number of equities research analysts have weighed in on the company. Zacks Research raised DHT to a "hold" rating in a report on Monday, August 11th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of DHT in a report on Wednesday. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $15.00 price objective on shares of DHT in a report on Thursday, August 7th.

Institutional Investors Weigh In On DHT

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of DHT by 11.2% during the 2nd quarter. American Century Companies Inc. now owns 4,899,375 shares of the shipping company's stock valued at $52,962,000 after acquiring an additional 491,717 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of DHT during the 1st quarter valued at approximately $19,950,000. Bridgeway Capital Management LLC lifted its position in shares of DHT by 2.7% during the 2nd quarter. Bridgeway Capital Management LLC now owns 1,164,952 shares of the shipping company's stock valued at $12,593,000 after acquiring an additional 30,980 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of DHT by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,078,387 shares of the shipping company's stock valued at $11,323,000 after acquiring an additional 91,594 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in shares of DHT by 706.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,077,704 shares of the shipping company's stock valued at $11,650,000 after acquiring an additional 943,990 shares during the period. 58.53% of the stock is currently owned by institutional investors and hedge funds.

DHT Price Performance

Shares of DHT opened at $11.42 on Friday. DHT has a twelve month low of $8.67 and a twelve month high of $13.06. The stock's 50 day moving average is $11.85 and its two-hundred day moving average is $11.30. The firm has a market capitalization of $1.83 billion, a PE ratio of 9.67 and a beta of 0.01. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.23.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The shipping company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. DHT had a return on equity of 16.36% and a net margin of 36.58%.The company had revenue of $92.80 million for the quarter, compared to analyst estimates of $95.41 million. During the same quarter in the previous year, the company earned $0.27 EPS. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. Research analysts anticipate that DHT will post 0.94 earnings per share for the current year.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Monday, August 18th. This is a positive change from DHT's previous quarterly dividend of $0.17. DHT's payout ratio is 81.36%.

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.

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