DHT (NYSE:DHT) PT Raised to $13.00

DHT (NYSE:DHT) had its price objective hoisted by Stifel Nicolaus from $12.00 to $13.00 in a report issued on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the shipping company’s stock.

DHT Stock Up 1.9 %

NYSE:DHT opened at $11.54 on Wednesday. DHT has a fifty-two week low of $8.60 and a fifty-two week high of $12.80. The stock has a market capitalization of $1.86 billion, a P/E ratio of 10.99 and a beta of -0.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.69 and a current ratio of 3.30. The company’s 50-day simple moving average is $11.60 and its 200-day simple moving average is $11.38.

DHT (NYSE:DHT) last released its quarterly earnings results on Tuesday, May 14th. The shipping company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). DHT had a net margin of 29.58% and a return on equity of 16.34%. The firm had revenue of $106.30 million during the quarter, compared to the consensus estimate of $106.87 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts anticipate that DHT will post 1.22 earnings per share for the current fiscal year.

DHT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 24th were issued a $0.29 dividend. This is a boost from DHT’s previous quarterly dividend of $0.22. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.05%. The ex-dividend date of this dividend was Thursday, May 23rd. DHT’s dividend payout ratio (DPR) is currently 110.48%.

Institutional Trading of DHT

A number of institutional investors have recently bought and sold shares of DHT. National Bank of Canada FI boosted its stake in DHT by 150.0% in the 4th quarter. National Bank of Canada FI now owns 5,000 shares of the shipping company’s stock worth $50,000 after purchasing an additional 3,000 shares in the last quarter. Headlands Technologies LLC acquired a new stake in DHT in the 1st quarter worth approximately $51,000. Summit Securities Group LLC acquired a new stake in DHT in the 2nd quarter worth approximately $78,000. Blue Trust Inc. boosted its stake in DHT by 41,626.3% in the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock worth $91,000 after purchasing an additional 7,909 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in DHT in the 4th quarter worth approximately $98,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

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.