Royal Bank Of Canada lowered shares of Dupont Fabros Technology, Inc. (NYSE:DFT) from an outperform rating to a sector perform rating in a report published on Monday. They currently have $62.00 price objective on the real estate investment trust’s stock.

Several other equities research analysts also recently commented on DFT. UBS AG downgraded shares of Dupont Fabros Technology from an outperform rating to a market perform rating in a research report on Thursday, June 22nd. Barclays PLC lifted their target price on shares of Dupont Fabros Technology from $55.00 to $68.00 and gave the stock an overweight rating in a research report on Tuesday, July 18th. Stifel Nicolaus reiterated a hold rating and set a $64.00 target price on shares of Dupont Fabros Technology in a research report on Friday, July 21st. Cowen and Company restated a buy rating and issued a $59.00 price target on shares of Dupont Fabros Technology in a research report on Friday, July 21st. Finally, Jefferies Group LLC restated a hold rating and issued a $63.00 price target on shares of Dupont Fabros Technology in a research report on Friday, July 14th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $57.63.

Dupont Fabros Technology (NYSE DFT) traded down 1.19% during midday trading on Monday, hitting $62.84. 563,988 shares of the company were exchanged. The firm’s 50-day moving average price is $61.88 and its 200-day moving average price is $53.42. The stock has a market capitalization of $4.90 billion, a PE ratio of 38.32 and a beta of 0.68. Dupont Fabros Technology has a one year low of $37.54 and a one year high of $66.18.

Dupont Fabros Technology (NYSE:DFT) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.77 by $0.39. Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. The business had revenue of $140.70 million for the quarter, compared to analyst estimates of $141.48 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Dupont Fabros Technology will post $1.82 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.18%. Dupont Fabros Technology’s dividend payout ratio (DPR) is presently 121.95%.

In other Dupont Fabros Technology news, EVP Maria Kenny sold 149,910 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $61.49, for a total transaction of $9,217,965.90. Following the completion of the sale, the executive vice president now owns 122,638 shares in the company, valued at approximately $7,541,010.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey H. Foster sold 64,843 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $61.49, for a total transaction of $3,987,196.07. Following the sale, the chief financial officer now owns 40,447 shares of the company’s stock, valued at approximately $2,487,086.03. The disclosure for this sale can be found here. Insiders have sold a total of 510,938 shares of company stock valued at $31,414,616 in the last 90 days. 5.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Trust Co. of Toledo NA OH raised its stake in shares of Dupont Fabros Technology by 0.3% in the first quarter. Trust Co. of Toledo NA OH now owns 10,125 shares of the real estate investment trust’s stock worth $502,000 after buying an additional 32 shares during the period. Quotient Investors LLC raised its stake in shares of Dupont Fabros Technology by 1.0% in the first quarter. Quotient Investors LLC now owns 10,100 shares of the real estate investment trust’s stock worth $501,000 after buying an additional 100 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Dupont Fabros Technology by 0.4% in the first quarter. Thrivent Financial For Lutherans now owns 27,083 shares of the real estate investment trust’s stock worth $1,343,000 after buying an additional 100 shares during the period. Great West Life Assurance Co. Can increased its position in Dupont Fabros Technology by 0.3% in the second quarter. Great West Life Assurance Co. Can now owns 45,580 shares of the real estate investment trust’s stock worth $2,782,000 after buying an additional 140 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Dupont Fabros Technology by 4.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,915 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 189 shares in the last quarter.

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.

Analyst Recommendations for Dupont Fabros Technology (NYSE:DFT)

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