Dupont Fabros Technology, Inc. (DFT) Expected to Earn Q3 2017 Earnings of $0.80 Per Share
Dupont Fabros Technology, Inc. (NYSE:DFT) – Research analysts at Jefferies Group increased their Q3 2017 earnings per share estimates for shares of Dupont Fabros Technology in a report issued on Tuesday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will earn $0.80 per share for the quarter, up from their prior forecast of $0.79. Jefferies Group currently has a “Hold” rating and a $54.00 target price on the stock. Jefferies Group also issued estimates for Dupont Fabros Technology’s Q4 2017 earnings at $0.81 EPS, FY2017 earnings at $3.15 EPS, FY2018 earnings at $3.41 EPS and FY2019 earnings at $3.64 EPS.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Dupont Fabros Technology from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Macquarie restated an “outperform” rating and set a $58.00 target price on shares of Dupont Fabros Technology in a report on Thursday, April 6th. Barclays PLC restated an “overweight” rating and set a $54.00 target price (up from $53.00) on shares of Dupont Fabros Technology in a report on Wednesday, April 19th. Royal Bank of Canada restated a “buy” rating on shares of Dupont Fabros Technology in a report on Monday, May 1st. Finally, KeyCorp upgraded Dupont Fabros Technology from a “sector weight” rating to an “overweight” rating and set a $60.00 target price for the company in a report on Tuesday, May 2nd. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $55.65.
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Dupont Fabros Technology (DFT) opened at 63.29 on Thursday. The company has a 50 day moving average price of $54.60 and a 200-day moving average price of $49.28. Dupont Fabros Technology has a 1-year low of $37.54 and a 1-year high of $64.40. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 36.08 and a beta of 0.74.
Dupont Fabros Technology (NYSE:DFT) last announced its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.31. Dupont Fabros Technology had a net margin of 30.25% and a return on equity of 22.94%. The firm had revenue of $139.48 million for the quarter, compared to analyst estimates of $139.24 million. During the same period in the previous year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, July 3rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, June 29th. Dupont Fabros Technology’s dividend payout ratio (DPR) is currently 113.64%.
A number of large investors have recently added to or reduced their stakes in DFT. Public Employees Retirement System of Ohio boosted its stake in Dupont Fabros Technology by 3.7% in the first quarter. Public Employees Retirement System of Ohio now owns 107,978 shares of the real estate investment trust’s stock valued at $5,355,000 after buying an additional 3,861 shares during the period. Cypress Wealth Advisors LLC acquired a new stake in Dupont Fabros Technology during the first quarter valued at $218,000. Driehaus Capital Management LLC boosted its stake in Dupont Fabros Technology by 20.9% in the first quarter. Driehaus Capital Management LLC now owns 257,056 shares of the real estate investment trust’s stock valued at $12,747,000 after buying an additional 44,495 shares during the period. Credit Suisse AG boosted its stake in Dupont Fabros Technology by 59.7% in the first quarter. Credit Suisse AG now owns 530,394 shares of the real estate investment trust’s stock valued at $26,303,000 after buying an additional 198,300 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Dupont Fabros Technology during the first quarter valued at $846,000.
Dupont Fabros Technology Company Profile
DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company owns, acquires, develops and operates wholesale data centers. The Company’s customers include national and international enterprises across various industries, such as technology, Internet, content providers, cloud providers, media, communications, healthcare and financial services.
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