DHT Holdings, Inc. (NYSE:DHT) Receives $12.68 Average Price Target from Analysts

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) has received a consensus rating of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $12.74.

DHT has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price objective on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Evercore ISI lowered their target price on shares of DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday.

DHT Trading Up 0.6 %

DHT stock traded up $0.07 during trading hours on Friday, reaching $10.34. The stock had a trading volume of 439,895 shares, compared to its average volume of 1,874,146. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The company has a fifty day simple moving average of $10.45 and a 200-day simple moving average of $10.41. The stock has a market cap of $1.67 billion, a PE ratio of 9.22 and a beta of -0.06. DHT has a 52 week low of $8.67 and a 52 week high of $12.80.

DHT (NYSE:DHT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. Analysts forecast that DHT will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date was Tuesday, February 18th. DHT's payout ratio is 60.71%.

Institutional Investors Weigh In On DHT

Several institutional investors have recently modified their holdings of DHT. Stifel Financial Corp lifted its position in DHT by 7.7% in the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company's stock worth $235,000 after buying an additional 1,514 shares during the last quarter. Barclays PLC raised its position in DHT by 229.4% in 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. Virtu Financial LLC purchased a new position in shares of DHT during the third quarter valued at approximately $149,000. Sanctuary Advisors LLC bought a new position in shares of DHT during the third quarter valued at approximately $134,000. Finally, Franklin Resources Inc. raised its holdings in shares of DHT by 8.4% in the third quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company's stock worth $588,000 after buying an additional 4,000 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.