Dupont Fabros Technology, Inc. (DFT) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Dupont Fabros Technology, Inc. (NYSE:DFT) have been assigned a consensus recommendation of “Hold” from the eighteen research firms that are covering the firm, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $60.15.
Several analysts recently weighed in on the company. UBS AG lowered Dupont Fabros Technology from an “outperform” rating to a “market perform” rating in a report on Thursday, June 22nd. Raymond James Financial, Inc. restated a “market perform” rating on shares of Dupont Fabros Technology in a report on Thursday, June 22nd. TheStreet lowered Dupont Fabros Technology from a “b” rating to a “c+” rating in a report on Monday, July 31st. Royal Bank Of Canada lowered Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and set a $62.00 price target on the stock. in a report on Monday, July 31st. Finally, BidaskClub lowered Dupont Fabros Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th.
Shares of Dupont Fabros Technology (NYSE DFT) traded up 0.43% on Tuesday, hitting $62.47. 460,013 shares of the stock traded hands. The firm has a 50 day moving average price of $61.38 and a 200 day moving average price of $54.33. The firm has a market cap of $4.84 billion, a PE ratio of 38.05 and a beta of 0.68. Dupont Fabros Technology has a 52-week low of $37.54 and a 52-week high of $66.18.
Dupont Fabros Technology (NYSE:DFT) last released its quarterly earnings results 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 net margin of 26.05% and a return on equity of 19.58%. The company had revenue of $140.70 million for the quarter, compared to analysts’ expectations of $141.48 million. During the same quarter in the previous year, the company posted $0.64 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts forecast that Dupont Fabros Technology will post $1.83 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, June 29th. Dupont Fabros Technology’s payout ratio is 121.95%.
In related news, EVP Scott A. Davis sold 44,067 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $62.50, for a total transaction of $2,754,187.50. Following the sale, the executive vice president now owns 104,997 shares of the company’s stock, valued at $6,562,312.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Richard A. Montfort, Jr. sold 44,712 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $62.60, for a total value of $2,798,971.20. Following the sale, the general counsel now directly owns 62,548 shares in the company, valued at approximately $3,915,504.80. The disclosure for this sale can be found here. Insiders have sold a total of 776,397 shares of company stock worth $48,101,649 in the last three months. Corporate insiders own 5.60% of the company’s stock.
A number of large investors have recently modified their holdings of DFT. Grove Bank & Trust increased its stake in shares of Dupont Fabros Technology by 36.6% in the second quarter. Grove Bank & Trust now owns 1,830 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 490 shares during the last quarter. Schroder Investment Management Group bought a new stake in shares of Dupont Fabros Technology during the second quarter worth $115,000. Penserra Capital Management LLC bought a new stake in shares of Dupont Fabros Technology during the first quarter worth $102,000. Meeder Asset Management Inc. bought a new stake in shares of Dupont Fabros Technology during the first quarter worth $109,000. Finally, C M Bidwell & Associates Ltd. increased its stake in shares of 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 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.
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