DHT (DHT) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DHT in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DHT shares.
View DHT analyst ratings or view top-rated stocks.

2 brokers have issued twelve-month price targets for DHT's shares. Their DHT share price forecasts range from $10.00 to $11.00. On average, they anticipate the company's stock price to reach $10.50 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
View analysts price targets for DHT or view top-rated stocks among Wall Street analysts.

DHT's stock was trading at $8.88 at the beginning of 2023. Since then, DHT shares have increased by 11.9% and is now trading at $9.94.
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DHT saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,560,000 shares, an increase of 7.8% from the August 15th total of 4,230,000 shares. Based on an average daily trading volume, of 2,330,000 shares, the short-interest ratio is presently 2.0 days. Approximately 3.4% of the company's stock are short sold.
View DHT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our DHT earnings forecast.

DHT Holdings, Inc. (NYSE:DHT) announced its earnings results on Tuesday, August, 8th. The shipping company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by $0.06. The shipping company had revenue of $112.90 million for the quarter, compared to analysts' expectations of $109.95 million. DHT had a trailing twelve-month return on equity of 15.46% and a net margin of 29.16%. The company's quarterly revenue was up 108.9% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS.

DHT announced a quarterly dividend on Tuesday, August 8th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.35 per share on Wednesday, August 30th. This represents a $1.40 annualized dividend and a dividend yield of 14.08%. The ex-dividend date of this dividend is Tuesday, August 22nd.
Read our dividend analysis for DHT.

ETFs with the largest weight of DHT (NYSE:DHT) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ), SonicShares Global Shipping ETF (BOAT) and iShares US Small Cap Value Factor ETF (SVAL).EA Bridgeway Omni Small-Cap Value ETF (BSVO).

DHT (NYSE:DHT) pays an annual dividend of $1.40 per share and currently has a dividend yield of 14.74%. DHT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 140.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, DHT will have a dividend payout ratio of 95.89% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for DHT.

Based on aggregate information from My MarketBeat watchlists, some companies that other DHT investors own include Washington Prime Group (WPG), Golar LNG Partners (GMLP), Pennsylvania Real Estate Investment Trust (PEI), CBL & Associates Properties (CBL), New Residential Investment (NRZ), Gran Tierra Energy (GTE), EnLink Midstream (ENLC), CNBX Pharmaceuticals (CNBX), Matinas BioPharma (MTNB) and Organigram (OGI).

DHT trades on the New York Stock Exchange (NYSE) under the ticker symbol "DHT."

DHT's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (8.09%), BlackRock Inc. (5.87%), Goldman Sachs Group Inc. (3.01%), Renaissance Technologies LLC (2.43%), Hosking Partners LLP (2.41%) and Acadian Asset Management LLC (1.70%).

Shares of DHT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DHT stock can currently be purchased for approximately $9.94.

DHT (NYSE:DHT) has a market capitalization of $1.62 billion and generates $454.15 million in revenue each year. The shipping company earns $61.52 million in net income (profit) each year or $1.00 on an earnings per share basis.

The company employs 1,252 workers across the globe.

DHT's mailing address is CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM 11. The official website for the company is www.dhtankers.com. The shipping company can be reached via phone at (441) 295-1422, via email at wf@dhtankers.com, or via fax at 441-298-7800.