Dupont Fabros Technology Inc. Plans Quarterly Dividend of $0.25 (DFT)
Dupont Fabros Technology (NYSE:DFT) announced a quarterly dividend on Monday, September 23rd, Analyst Ratings Network.com reports. Stockholders of record on Friday, October 4th will be paid a dividend of $0.25 per share on Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.87%.
On a related note, analysts at Robert W. Baird upgraded shares of Dupont Fabros Technology (NYSE:DFT) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, July 26th. They now have a $27.00 price target on the stock, up previously from $26.00.
Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $34.11.
Dupont Fabros Technology (NYSE:DFT) traded up 0.47% during mid-day trading on Monday, hitting $25.82. The stock had a trading volume of 385,674 shares. Dupont Fabros Technology has a 52 week low of $19.35 and a 52 week high of $27.20. The stock has a 50-day moving average of $23.31 and a 200-day moving average of $24.24. The company has a market cap of $1.663 billion and a price-to-earnings ratio of 48.67.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.01. The company had revenue of $91.56 million for the quarter, compared to the consensus estimate of $91.99 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts predict that Dupont Fabros Technology will post $0.67 earnings per share for the current fiscal year.
DuPont Fabros Technology, Inc (NYSE:DFT) is a real estate investment trust (REIT).
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