DHT (NYSE:DHT) Hits New 1-Year High at $12.45

DHT Holdings, Inc. (NYSE:DHT - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $12.45 and last traded at $12.17, with a volume of 618986 shares trading hands. The stock had previously closed at $12.22.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. TheStreet upgraded DHT from a "c+" rating to a "b-" rating in a research report on Tuesday, February 6th. Truist Financial upped their price objective on shares of DHT from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. Stifel Nicolaus reissued a "hold" rating and issued a $12.00 price objective on shares of DHT in a research note on Wednesday. Finally, Jefferies Financial Group raised shares of DHT from a "hold" rating to a "buy" rating and boosted their target price for the stock from $11.00 to $14.00 in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $14.33.

DHT Trading Up 0.6 %

The business's fifty day moving average is $11.43 and its 200-day moving average is $10.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 3.54. The firm has a market cap of $1.98 billion, a P/E ratio of 12.38 and a beta of -0.34.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The shipping company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02). DHT had a net margin of 28.78% and a return on equity of 15.52%. The business had revenue of $106.30 million for the quarter, compared to the consensus estimate of $106.87 million. During the same period in the previous year, the business posted $0.23 EPS. DHT's revenue was up 13.2% on a year-over-year basis. Analysts predict that DHT Holdings, Inc. will post 1.53 EPS for the current year.

DHT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 24th will be paid a $0.29 dividend. This is a positive change from DHT's previous quarterly dividend of $0.22. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date of this dividend is Thursday, May 23rd. DHT's payout ratio is currently 88.89%.

Institutional Trading of DHT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in shares of DHT by 150.0% during the 4th quarter. National Bank of Canada FI now owns 5,000 shares of the shipping company's stock valued at $50,000 after purchasing an additional 3,000 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of DHT during the 1st quarter worth approximately $51,000. McIlrath & Eck LLC bought a new stake in shares of DHT in the 3rd quarter valued at $52,000. Allspring Global Investments Holdings LLC lifted its position in shares of DHT by 45.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,178 shares of the shipping company's stock valued at $95,000 after acquiring an additional 2,882 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in DHT during the fourth quarter worth $98,000. Institutional investors and hedge funds own 58.53% of the company's stock.

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.