Dupont Fabros Technology, Inc. (NYSE:DFT) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

DFT has been the subject of several other reports. Stifel Nicolaus reiterated a “hold” rating and set a $64.00 price objective on shares of Dupont Fabros Technology in a research report on Friday, July 21st. BidaskClub upgraded shares of Dupont Fabros Technology from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Barclays PLC increased their price objective 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. TheStreet cut shares of Dupont Fabros Technology from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Dupont Fabros Technology in a research report on Monday, June 12th. Eleven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $57.63.

Dupont Fabros Technology (NYSE:DFT) traded down 0.51% during mid-day trading on Friday, reaching $64.03. 280,473 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $62.34 and a 200-day moving average of $55.77. Dupont Fabros Technology has a 12 month low of $37.54 and a 12 month high of $66.18. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 39.00 and a beta of 0.68.

Dupont Fabros Technology (NYSE:DFT) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $140.70 million for the quarter, compared to analyst estimates of $141.48 million. During the same quarter last year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts anticipate that Dupont Fabros Technology will post $1.77 earnings per share for the current year.

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In other Dupont Fabros Technology news, EVP Scott A. Davis sold 44,067 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $62.50, for a total value of $2,754,187.50. Following the completion of the sale, the executive vice president now directly owns 104,997 shares in the company, valued at $6,562,312.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederic V. Malek sold 17,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $64.07, for a total transaction of $1,089,190.00. Following the completion of the sale, the director now owns 84,775 shares of the company’s stock, valued at $5,431,534.25. The disclosure for this sale can be found here. Insiders sold 793,397 shares of company stock valued at $49,190,839 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFT. Navellier & Associates Inc raised its position in Dupont Fabros Technology by 392.2% in the second quarter. Navellier & Associates Inc now owns 47,182 shares of the real estate investment trust’s stock worth $2,886,000 after buying an additional 37,596 shares during the period. WFG Advisors LP acquired a new position in Dupont Fabros Technology during the second quarter worth $318,000. Public Employees Retirement System of Ohio raised its position in Dupont Fabros Technology by 67.0% in the second quarter. Public Employees Retirement System of Ohio now owns 180,324 shares of the real estate investment trust’s stock worth $11,029,000 after buying an additional 72,346 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Dupont Fabros Technology by 0.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,635 shares of the real estate investment trust’s stock worth $773,000 after buying an additional 72 shares during the period. Finally, C M Bidwell & Associates Ltd. raised its position in Dupont Fabros Technology by 142.1% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,385 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 1,400 shares during the period.

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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