DHT Holdings, Inc. (NYSE:DHT) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of DHT Holdings, Inc. (NYSE:DHT - Get Free Report) have received an average rating of "Moderate Buy" from the six brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $12.94.

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

Institutional Trading of DHT

Several hedge funds have recently made changes to their positions in the company. Encompass Capital Advisors LLC purchased a new position in DHT during the first quarter worth about $19,950,000. DME Capital Management LP grew its position in DHT by 20.8% during the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock worth $48,735,000 after buying an additional 902,704 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in DHT during the fourth quarter worth about $8,126,000. Corigliano Investment Advisers LLC purchased a new position in DHT during the first quarter worth about $5,788,000. Finally, Victory Capital Management Inc. grew its position in DHT by 1,367.3% during the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock worth $4,681,000 after buying an additional 469,528 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

DHT Price Performance

DHT stock opened at $11.38 on Friday. The business's 50-day simple moving average is $10.84 and its 200 day simple moving average is $10.51. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 10.16 and a beta of 0.07. DHT has a 12-month low of $8.67 and a 12-month high of $12.32. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

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. The business had revenue of $79.34 million for the quarter, compared to analysts' expectations of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. DHT's revenue for the quarter was down 25.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, research analysts anticipate that DHT will post 0.94 earnings per share for the current year.

DHT Dividend Announcement

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

About DHT

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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