Stifel Nicolaus upgraded shares of Dupont Fabros Technology Inc. (NYSE:DFT) from a hold rating to a buy rating in a research report released on Thursday. The firm currently has $43.00 price target on the real estate investment trust’s stock, down from their previous price target of $45.00. The analysts noted that the move was a valuation call.

A number of other research firms also recently commented on DFT. Barclays PLC reissued an overweight rating and set a $49.00 target price (up previously from $48.00) on shares of Dupont Fabros Technology in a research report on Friday, June 17th. Zacks Investment Research raised shares of Dupont Fabros Technology from a hold rating to a buy rating and set a $54.00 target price on the stock in a research report on Monday, July 4th. Jefferies Group reissued a hold rating and set a $44.00 target price on shares of Dupont Fabros Technology in a research report on Wednesday, July 6th. Citigroup Inc. raised their target price on shares of Dupont Fabros Technology from $43.00 to $47.00 and gave the company a neutral rating in a research report on Thursday, July 7th. Finally, SunTrust Banks Inc. began coverage on shares of Dupont Fabros Technology in a research report on Thursday, July 21st. They set a buy rating and a $55.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $45.57.

Shares of Dupont Fabros Technology (NYSE:DFT) traded up 2.16% on Thursday, reaching $38.84. 625,584 shares of the company were exchanged. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 9710.00 and a beta of 0.59. Dupont Fabros Technology has a 52 week low of $27.48 and a 52 week high of $48.97. The firm’s 50 day moving average price is $42.67 and its 200 day moving average price is $43.70.

Dupont Fabros Technology (NYSE:DFT) last announced its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. Dupont Fabros Technology had a net margin of 7.67% and a return on equity of 20.26%. The company had revenue of $128.54 million for the quarter, compared to the consensus estimate of $127.15 million. During the same quarter in the previous year, the business earned $0.62 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that Dupont Fabros Technology will post $2.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, October 7th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Wednesday, October 5th. Dupont Fabros Technology’s dividend payout ratio (DPR) is -2,349.71%.

A number of hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. purchased a new stake in shares of Dupont Fabros Technology during the second quarter worth about $109,000. BNP Paribas Arbitrage SA boosted its stake in shares of Dupont Fabros Technology by 6,944.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,311 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 3,264 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dupont Fabros Technology by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,402 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 307 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Dupont Fabros Technology during the first quarter worth about $162,000. Finally, Hancock Holding Co. purchased a new stake in shares of Dupont Fabros Technology during the second quarter worth about $237,000. Institutional investors own 98.13% of the company’s stock.

Dupont Fabros Technology Company Profile

DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company is a self-administered and self-managed company that owns, acquires, develops and operates wholesale data centers. The Company’s customers outsource their applications, and include national and international enterprises across various industries, such as technology, Internet content providers, media, communications, cloud providers, healthcare and financial services.

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