Dupont Fabros Technology Inc. (NYSE:DFT) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $44.00 target price on the real estate investment trust’s stock, down from their prior target price of $47.33. Robert W. Baird’s target price would indicate a potential upside of 4.22% from the company’s previous close.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Jefferies Group reiterated a “hold” rating and set a $49.00 target price (up previously from $46.00) on shares of Dupont Fabros Technology in a research report on Thursday, August 11th. Barclays PLC lifted their target price on Dupont Fabros Technology from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 3rd. Raymond James Financial Inc. upgraded Dupont Fabros Technology from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research report on Wednesday, September 14th. Finally, Royal Bank Of Canada upgraded Dupont Fabros Technology from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $48.00 to $49.00 in a research report on Friday, October 28th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.07.

Analyst Recommendations for Dupont Fabros Technology (NYSE:DFT)

Dupont Fabros Technology (NYSE:DFT) opened at 42.22 on Monday. The company’s 50-day moving average price is $40.68 and its 200-day moving average price is $43.61. Dupont Fabros Technology has a 12-month low of $28.83 and a 12-month high of $48.97. The stock has a market cap of $3.18 billion, a PE ratio of 305.94 and a beta of 0.62.

Dupont Fabros Technology (NYSE:DFT) last announced its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The business had revenue of $134.33 million for the quarter, compared to analysts’ expectations of $131.90 million. Dupont Fabros Technology had a return on equity of 21.81% and a net margin of 9.36%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. On average, equities analysts expect that Dupont Fabros Technology will post $2.79 EPS for the current fiscal year.

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In other news, Director Thomas D. Eckert purchased 5,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were acquired at an average price of $39.72 per share, with a total value of $198,600.00. Following the purchase, the director now directly owns 36,309 shares of the company’s stock, valued at $1,442,193.48. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.90% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Dupont Fabros Technology by 7.2% in the second quarter. Vanguard Group Inc. now owns 12,682,278 shares of the real estate investment trust’s stock valued at $602,915,000 after buying an additional 846,555 shares during the period. Cohen & Steers Inc. raised its stake in shares of Dupont Fabros Technology by 77.8% in the second quarter. Cohen & Steers Inc. now owns 6,736,296 shares of the real estate investment trust’s stock valued at $320,244,000 after buying an additional 2,947,661 shares during the period. Lasalle Investment Management Securities LLC raised its stake in shares of Dupont Fabros Technology by 13.1% in the third quarter. Lasalle Investment Management Securities LLC now owns 3,232,172 shares of the real estate investment trust’s stock valued at $133,327,000 after buying an additional 373,443 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Dupont Fabros Technology by 3.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,777,768 shares of the real estate investment trust’s stock valued at $114,583,000 after buying an additional 87,312 shares during the period. Finally, BlackRock Fund Advisors raised its stake in shares of Dupont Fabros Technology by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,343,225 shares of the real estate investment trust’s stock valued at $96,658,000 after buying an additional 139,719 shares during the period.

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.

5 Day Chart for NYSE:DFT

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