DHT Holdings, Inc. (NYSE:DHT) Receives Consensus Rating of “Buy” from Analysts

DHT Holdings, Inc. (NYSE:DHT) has received an average recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.50.

A number of research firms recently commented on DHT. BTIG Research started coverage on DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target for the company. Stifel Nicolaus dropped their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of DHT from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Finally, Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a research note on Friday, September 27th.

Institutional Trading of DHT

A number of hedge funds and other institutional investors have recently modified their holdings of DHT. The Manufacturers Life Insurance Company boosted its position in DHT by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,435 shares of the shipping company’s stock worth $560,000 after buying an additional 1,172 shares during the period. ProShare Advisors LLC grew its stake in shares of DHT by 7.2% in the first quarter. ProShare Advisors LLC now owns 24,358 shares of the shipping company’s stock worth $280,000 after purchasing an additional 1,640 shares during the last quarter. MQS Management LLC grew its stake in shares of DHT by 7.3% in the second quarter. MQS Management LLC now owns 24,423 shares of the shipping company’s stock worth $283,000 after purchasing an additional 1,662 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in DHT by 52.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after purchasing an additional 2,361 shares during the period. Finally, Pinion Investment Advisors LLC lifted its holdings in DHT by 6.3% during the 2nd quarter. Pinion Investment Advisors LLC now owns 46,643 shares of the shipping company’s stock worth $540,000 after buying an additional 2,773 shares during the period. Institutional investors own 58.53% of the company’s stock.

DHT Stock Performance

Shares of NYSE:DHT opened at $10.30 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. DHT has a 12-month low of $9.28 and a 12-month high of $12.80. The company’s 50 day moving average price is $10.99 and its two-hundred day moving average price is $11.35. The firm has a market cap of $1.66 billion, a PE ratio of 9.87 and a beta of -0.36.

DHT (NYSE:DHT) last issued its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $103.70 million for the quarter, compared to analyst estimates of $102.75 million. DHT had a return on equity of 15.19% and a net margin of 27.45%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. Equities research analysts predict that DHT will post 1.14 earnings per share for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 10.49%. The ex-dividend date of this dividend was Friday, August 23rd. DHT’s payout ratio is 102.86%.

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.