Zacks Investment Research Downgrades Dupont Fabros Technology Inc. (DFT) to Hold
According to Zacks, “DuPont Fabros Technology, Inc. is a leading owner, developer, operator and manager of wholesale data centers and a real estate investment trust. The Company’s data centers are highly specialized, secure facilities used primarily by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes. DuPont Fabros Technology is headquartered in Washington, DC. “
DFT has been the subject of a number of other reports. Barclays PLC reissued an overweight rating and issued a $52.00 target price (up from $49.00) on shares of Dupont Fabros Technology in a research report on Tuesday, July 19th. JPMorgan Chase & Co. upped their target price on Dupont Fabros Technology from $64.00 to $69.00 and gave the company a neutral rating in a research report on Wednesday, July 27th. Jefferies Group reissued a hold rating on shares of Dupont Fabros Technology in a research report on Monday, August 22nd. SunTrust Banks Inc. began coverage on Dupont Fabros Technology in a research report on Thursday, July 21st. They issued a buy rating and a $55.00 target price for the company. Finally, Raymond James Financial Inc. raised Dupont Fabros Technology from a market perform rating to an outperform rating and set a $47.00 target price for the company in a research report on Wednesday, September 14th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $45.72.
Shares of Dupont Fabros Technology (NYSE:DFT) opened at 42.40 on Thursday. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 10600.00 and a beta of 0.73. The firm has a 50-day moving average price of $44.41 and a 200 day moving average price of $43.47. Dupont Fabros Technology has a one year low of $24.88 and a one year high of $48.97.
Dupont Fabros Technology (NYSE:DFT) last released its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The business had revenue of $128.54 million for the quarter, compared to analyst estimates of $127.15 million. Dupont Fabros Technology had a return on equity of 20.26% and a net margin of 7.67%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 earnings per share. Equities analysts forecast that Dupont Fabros Technology will post $2.78 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Dupont Fabros Technology during the fourth quarter valued at about $18,237,000. Daiwa Securities Group Inc. boosted its stake in Dupont Fabros Technology by 9,934.9% in the second quarter. Daiwa Securities Group Inc. now owns 250,872 shares of the real estate investment trust’s stock valued at $11,926,000 after buying an additional 248,372 shares during the period. State Street Corp boosted its stake in Dupont Fabros Technology by 7.4% in the first quarter. State Street Corp now owns 2,112,375 shares of the real estate investment trust’s stock valued at $85,612,000 after buying an additional 146,003 shares during the period. Meeder Asset Management Inc. acquired a new stake in Dupont Fabros Technology during the first quarter valued at about $162,000. Finally, CIBC World Markets Inc. acquired a new stake in Dupont Fabros Technology during the first quarter valued at about $257,000. Institutional investors and hedge funds own 98.13% of the company’s stock.
About Dupont Fabros Technology
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.
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