Dupont Fabros Technology Inc. (DFT) Rating Increased to Buy at Zacks Investment Research
Dupont Fabros Technology Inc. (NYSE:DFT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage presently has a $43.00 target price on the real estate investment trust’s stock. Zacks Investment Research’s price objective points to a potential upside of 9.81% from the company’s previous close.
According to Zacks, “DuPont Fabros Technology, Inc. is a leading owner, developer, operator and manager of wholesale data centers and a real estate investment trust. The Company’s data centers are highly specialized, secure facilities used primarily by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes. DuPont Fabros Technology is headquartered in Washington, DC. “
Other equities analysts also recently issued reports about the company. Jefferies Group reiterated a “hold” rating on shares of Dupont Fabros Technology in a research report on Tuesday, September 13th. Raymond James Financial Inc. upgraded Dupont Fabros Technology from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a research report on Wednesday, September 14th. Barclays PLC boosted their target price on Dupont Fabros Technology from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, August 3rd. JPMorgan Chase & Co. boosted their target price on Dupont Fabros Technology from $64.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, SunTrust Banks Inc. assumed coverage on Dupont Fabros Technology in a report on Thursday, July 21st. They set a “buy” rating and a $55.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.57.
Shares of Dupont Fabros Technology (NYSE:DFT) opened at 39.16 on Thursday. The stock’s 50 day moving average price is $42.52 and its 200 day moving average price is $43.69. The firm has a market cap of $2.95 billion, a PE ratio of 9790.00 and a beta of 0.60. Dupont Fabros Technology has a 12-month low of $27.81 and a 12-month high of $48.97.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The business had revenue of $128.54 million for the quarter, compared to analyst estimates of $127.15 million. Dupont Fabros Technology had a return on equity of 20.26% and a net margin of 7.67%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, equities research analysts predict that Dupont Fabros Technology will post $2.78 EPS for the current fiscal year.
The business 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. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 4.80%. Dupont Fabros Technology’s dividend payout ratio is currently -2,349.71%.
Several hedge funds and other institutional investors have recently bought and sold shares of DFT. Advisor Group Inc. purchased a new stake in shares of Dupont Fabros Technology during the second quarter valued at about $109,000. BNP Paribas Arbitrage SA increased 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 valued at $157,000 after buying an additional 3,264 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Dupont Fabros Technology during the first quarter valued at about $162,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 valued at $162,000 after buying an additional 307 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Dupont Fabros Technology during the first quarter valued at about $219,000. 98.20% of the stock is currently owned by institutional investors.
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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