Dupont Fabros Technology Upgraded to “Outperform” by Robert W. Baird (DFT)
Dupont Fabros Technology (NYSE:DFT) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Shares of Dupont Fabros Technology (NYSE:DFT) traded up 0.78% on Monday, hitting $24.55. 272,137 shares of the company’s stock traded hands. Dupont Fabros Technology has a 52 week low of $21.26 and a 52 week high of $27.92. The stock has a 50-day moving average of $23.73 and a 200-day moving average of $23.98. The company has a market cap of $1.582 billion and a price-to-earnings ratio of 96.28.
Dupont Fabros Technology (NYSE:DFT) last announced its earnings results on Thursday, October 24th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.01. The company had revenue of $96.34 million for the quarter, compared to the consensus estimate of $93.90 million. During the same quarter last year, the company posted $0.38 earnings per share. Dupont Fabros Technology’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that Dupont Fabros Technology will post $0.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Stockholders of record on Friday, December 27th will be paid a dividend of 0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Tuesday, December 24th.
A number of other analysts have also recently weighed in on DFT. Analysts at Zacks downgraded shares of Dupont Fabros Technology from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. They now have a $28.50 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Dupont Fabros Technology to $31.00 in a research note to investors on Monday, October 28th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $34.94.
DuPont Fabros Technology, Inc (NYSE:DFT) is a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.