DHT - DHT Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DHT in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" DHT shares.
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1 brokerages have issued 12 month target prices for DHT's stock. Their DHT share price forecasts range from $8.50 to $12.00. On average, they expect the company's share price to reach $10.25 in the next twelve months. This suggests that the stock has a possible downside of 4.6%.
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DHT's stock was trading at $8.88 at the start of the year. Since then, DHT stock has increased by 20.9% and is now trading at $10.74.
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DHT saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 5,600,000 shares, a decrease of 7.6% from the February 13th total of 6,060,000 shares. Based on an average trading volume of 2,460,000 shares, the short-interest ratio is currently 2.3 days. Approximately 4.2% of the company's stock are sold short.
View DHT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our DHT earnings forecast.

DHT Holdings, Inc. (NYSE:DHT) released its quarterly earnings results on Wednesday, February, 8th. The shipping company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The shipping company earned $116.74 million during the quarter, compared to analysts' expectations of $110.42 million. DHT had a trailing twelve-month return on equity of 4.69% and a net margin of 13.55%. DHT's quarterly revenue was up 136.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) EPS.

DHT announced a quarterly dividend on Tuesday, February 7th. Investors of record on Friday, February 17th will be given a dividend of $0.38 per share on Friday, February 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 14.15%. The ex-dividend date of this dividend is Thursday, February 16th. This is a positive change from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for DHT.

ETFs with the largest weight of DHT (NYSE:DHT) stock in their portfolio include Invesco Dynamic Oil & Gas Services ETF (PXJ), SonicShares Global Shipping ETF (BOAT), iShares US Small Cap Value Factor ETF (SVAL), JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ), First Trust Active Factor Small Cap ETF (AFSM), Avantis U.S. Small Cap Equity ETF (AVSC) and Dimensional U.S. Targeted Value ETF (DFAT).

DHT (NYSE:DHT) pays an annual dividend of $1.52 per share and currently has a dividend yield of 14.19%. DHT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 400.01%. 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 121.60% 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 (7.48%), Millennium Management LLC (2.65%), Hosking Partners LLP (2.53%), Renaissance Technologies LLC (1.99%), Morgan Stanley (1.57%) and Two Sigma Investments LP (1.18%).

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 $10.74.

DHT (NYSE:DHT) has a market capitalization of $1.75 billion and generates $454.15 million in revenue each year. The shipping company earns $61.52 million in net income (profit) each year or $0.38 on an earnings per share basis.

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.