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

Shares of DHT Holdings, Inc. (NYSE:DHT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $12.94.

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

DHT Price Performance

NYSE DHT traded up $0.05 on Wednesday, reaching $11.82. The company's stock had a trading volume of 396,879 shares, compared to its average volume of 1,859,040. DHT has a 52 week low of $8.67 and a 52 week high of $12.80. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.90 billion, a PE ratio of 10.56 and a beta of -0.06. The business has a 50-day moving average price of $10.58 and a 200 day moving average price of $10.39.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. The company had revenue of $79.34 million for the quarter, compared to analyst estimates of $84.00 million. During the same period in the prior year, the company posted $0.29 EPS. The company's revenue was down 25.4% compared to the same quarter last year. Sell-side analysts expect that DHT will post 0.94 EPS for the current year.

DHT Announces Dividend

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

Institutional Trading of DHT

Several large investors have recently made changes to their positions in the business. Barclays PLC lifted its position in DHT by 229.4% during the 3rd quarter. Barclays PLC now owns 188,899 shares of the shipping company's stock worth $2,083,000 after buying an additional 131,551 shares in the last quarter. Franklin Resources Inc. raised its stake 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 acquiring an additional 4,000 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in shares of DHT during the fourth quarter worth approximately $154,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of DHT by 41.3% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,666 shares of the shipping company's stock worth $136,000 after purchasing an additional 4,290 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of DHT by 56.3% during the fourth quarter. Blue Trust Inc. now owns 23,245 shares of the shipping company's stock valued at $216,000 after purchasing an additional 8,374 shares during the last quarter. 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.