DHT Holdings, Inc. (NYSE:DHT) Receives $12.94 Consensus Target Price from Analysts

Key Points

• DHT Holdings, Inc. has received a consensus rating of "Moderate Buy" from analysts, with one strong buy, three buy, and three hold ratings.
• The company reported a quarterly EPS of $0.24, exceeding the consensus estimate of $0.23, with a year-over-year revenue decline of 10.5%.
• DHT recently increased its quarterly dividend to $0.24, representing a 7.5% yield and an annualized payout of $0.96.

Shares of DHT Holdings, Inc. (NYSE:DHT - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $12.94.

DHT has been the subject of several analyst reports. Zacks Research raised shares of DHT to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group reissued a "buy" rating and issued a $15.00 price target on shares of DHT in a research note on Thursday, August 7th.

DHT Price Performance

NYSE DHT traded down $0.31 during trading hours on Tuesday, hitting $12.49. 2,073,798 shares of the company's stock traded hands, compared to its average volume of 1,896,446. DHT has a 52-week low of $8.67 and a 52-week high of $13.06. The company has a market capitalization of $2.01 billion, a PE ratio of 10.58 and a beta of 0.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 1.96. The firm's 50-day moving average is $11.58 and its 200-day moving average is $11.16.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The shipping company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. DHT had a net margin of 36.58% and a return on equity of 16.36%. The business had revenue of $92.80 million during the quarter, compared to analysts' expectations of $95.41 million. During the same quarter in the prior year, the company posted $0.27 EPS. The business's revenue for the quarter was down 10.5% on a year-over-year basis. Equities analysts forecast that DHT will post 0.94 EPS for the current fiscal year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors 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 7.7%. The ex-dividend date of this dividend was Monday, August 18th. This is an increase from DHT's previous quarterly dividend of $0.17. DHT's dividend payout ratio is 81.36%.

Hedge Funds Weigh In On DHT

A number of hedge funds have recently made changes to their positions in the stock. NWF Advisory Services Inc. purchased a new position in shares of DHT during the 2nd quarter worth approximately $113,000. Osaic Holdings Inc. boosted its position in shares of DHT by 4.5% during the 2nd quarter. Osaic Holdings Inc. now owns 37,567 shares of the shipping company's stock worth $406,000 after purchasing an additional 1,634 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of DHT during the 2nd quarter worth approximately $878,000. State of Wyoming purchased a new position in shares of DHT during the 2nd quarter worth approximately $316,000. Finally, Nomura Holdings Inc. purchased a new position in shares of DHT during the 2nd quarter worth approximately $687,000. Hedge funds and other institutional investors own 58.53% of the company's stock.

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.