Dupont Fabros Technology, Inc. (DFT) Given New $68.00 Price Target at Barclays PLC
Dupont Fabros Technology, Inc. (NYSE:DFT) had its target price hoisted by Barclays PLC from $55.00 to $68.00 in a research report report published on Tuesday. Barclays PLC currently has an overweight rating on the real estate investment trust’s stock.
Several other research analysts also recently commented on the company. Jefferies Group LLC reissued a hold rating and issued a $63.00 price objective on shares of Dupont Fabros Technology in a research note on Friday, July 14th. Raymond James Financial, Inc. reissued a market perform rating on shares of Dupont Fabros Technology in a research note on Thursday, June 22nd. UBS AG downgraded Dupont Fabros Technology from an outperform rating to a market perform rating in a research note on Thursday, June 22nd. Macquarie downgraded Dupont Fabros Technology from an outperform rating to a neutral rating and set a $58.00 price objective for the company. in a research note on Tuesday, June 13th. Finally, Compass Point reissued a neutral rating and issued a $62.00 price objective (up from $57.50) on shares of Dupont Fabros Technology in a research note on Monday, June 12th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $58.50.
Dupont Fabros Technology (NYSE DFT) opened at 60.69 on Tuesday. Dupont Fabros Technology has a 12-month low of $37.54 and a 12-month high of $66.18. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 34.60 and a beta of 0.68. The company has a 50 day moving average of $60.79 and a 200-day moving average of $52.51.
Dupont Fabros Technology (NYSE:DFT) last posted its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $139.24 million. During the same period in the prior year, the company posted $0.67 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Dupont Fabros Technology will post $1.82 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, June 29th. Dupont Fabros Technology’s payout ratio is currently 113.64%.
A number of hedge funds have recently modified their holdings of DFT. Penserra Capital Management LLC bought a new stake in shares of Dupont Fabros Technology during the first quarter valued at about $102,000. Meeder Asset Management Inc. acquired a new position in Dupont Fabros Technology during the first quarter worth $109,000. Creative Planning boosted its position in Dupont Fabros Technology by 56.4% in the first quarter. Creative Planning now owns 3,990 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,439 shares in the last quarter. Catawba Capital Management VA acquired a new position in Dupont Fabros Technology during the first quarter worth $200,000. Finally, GW&K Investment Management LLC acquired a new position in Dupont Fabros Technology during the first quarter worth $203,000.
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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