Analysts Set DHT Holdings, Inc. (NYSE:DHT) Target Price at $12.94

Key Points

• DHT Holdings, Inc. has received a consensus rating of "Moderate Buy" from six research firms, with an average target price of $12.94.
• The company reported $0.27 EPS for the last quarter, exceeding analysts' expectations, though revenue fell 25.4% year-over-year.
• DHT has recently announced a dividend payment of $0.15 per share, reflecting a dividend yield of 5.1% with a payout ratio of 54.55%.

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $12.94.

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

Institutional Trading of DHT

Several hedge funds and other institutional investors have recently modified their holdings of DHT. Caitong International Asset Management Co. Ltd boosted its position in DHT by 260.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 5,782 shares of the shipping company's stock valued at $63,000 after purchasing an additional 4,176 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in DHT during the second quarter valued at $223,000. CWM LLC boosted its position in DHT by 196.1% during the second quarter. CWM LLC now owns 9,071 shares of the shipping company's stock valued at $98,000 after purchasing an additional 6,008 shares during the last quarter. Inspire Investing LLC boosted its position in DHT by 2.6% during the second quarter. Inspire Investing LLC now owns 71,262 shares of the shipping company's stock valued at $770,000 after purchasing an additional 1,818 shares during the last quarter. Finally, Shell Asset Management Co. boosted its stake in shares of DHT by 33.3% during the 2nd quarter. Shell Asset Management Co. now owns 608,258 shares of the shipping company's stock worth $6,575,000 after acquiring an additional 151,846 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Stock Down 1.5%

Shares of DHT stock traded down $0.17 during trading hours on Monday, reaching $11.05. The company had a trading volume of 503,180 shares, compared to its average volume of 1,795,981. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.59. The stock's fifty day simple moving average is $11.33 and its 200 day simple moving average is $10.96. DHT has a twelve month low of $8.67 and a twelve month high of $12.32. The company has a market capitalization of $1.77 billion, a P/E ratio of 10.04 and a beta of 0.05.

DHT (NYSE:DHT - Get Free Report) last released its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The company had revenue of $79.34 million for the quarter, compared to the consensus estimate of $84.00 million. DHT had a return on equity of 17.08% and a net margin of 32.87%. DHT's quarterly revenue was down 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. As a group, sell-side analysts expect that DHT will post 0.94 earnings per share for the current fiscal year.

DHT Dividend Announcement

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

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.