Somewhat Favorable Press Coverage Somewhat Unlikely to Impact DuPont Fabros Technology (DFT) Stock Price
Media coverage about DuPont Fabros Technology (NYSE:DFT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. DuPont Fabros Technology earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.55890861974 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
DFT has been the topic of several recent analyst reports. ValuEngine raised shares of DuPont Fabros Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub raised shares of DuPont Fabros Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. TheStreet downgraded shares of DuPont Fabros Technology from a “b” rating to a “c+” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada downgraded shares of DuPont Fabros Technology from an “outperform” rating to a “sector perform” rating and set a $62.00 price target on the stock. in a research note on Monday, July 31st. Ten 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 a consensus rating of “Hold” and an average price target of $60.15.
Shares of DuPont Fabros Technology (NYSE:DFT) traded down $1.57 during trading hours on Friday, reaching $66.31. 4,402,700 shares of the company were exchanged, compared to its average volume of 883,602. DuPont Fabros Technology has a 12-month low of $37.54 and a 12-month high of $69.33. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.10 and a quick ratio of 0.10.
In related news, Director Michael A. Coke sold 8,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $63.87, for a total value of $510,960.00. Following the completion of the sale, the director now directly owns 20,258 shares in the company, valued at $1,293,878.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.60% of the company’s stock.
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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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