DHT (NYSE:DHT) Given New $14.00 Price Target at Jefferies Financial Group

DHT (NYSE:DHT) had its price objective upped by Jefferies Financial Group from $13.00 to $14.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the shipping company’s stock.

Other equities analysts have also recently issued research reports about the company. StockNews.com raised DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a research report on Thursday, December 12th. BTIG Research began coverage on DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Stifel Nicolaus cut their price objective on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.54.

DHT Price Performance

DHT opened at $11.50 on Thursday. The firm has a market capitalization of $1.85 billion, a P/E ratio of 11.50 and a beta of -0.39. DHT has a 12-month low of $8.67 and a 12-month high of $12.80. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $10.07 and a 200-day moving average of $10.62.

DHT (NYSE:DHT) last issued its earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. DHT had a return on equity of 15.58% and a net margin of 27.72%. Equities analysts forecast that DHT will post 1 EPS for the current fiscal year.

DHT Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 5.92%. DHT’s dividend payout ratio (DPR) is presently 88.00%.

Institutional Investors Weigh In On DHT

Large investors have recently bought and sold shares of the business. Spire Wealth Management bought a new position in shares of DHT in the 4th quarter worth $36,000. Sunbelt Securities Inc. acquired a new stake in DHT during the 3rd quarter worth $50,000. Nisa Investment Advisors LLC raised its stake in DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after buying an additional 2,361 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of DHT in the 4th quarter valued at about $108,000. Finally, Soros Fund Management LLC acquired a new stake in shares of DHT in the 3rd quarter valued at about $114,000. 58.53% of the stock is currently owned by institutional investors.

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.