Dupont Fabros Technology Inc. (DFT) Rating Lowered to Hold at Zacks Investment Research
Dupont Fabros Technology Inc. (NYSE:DFT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
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. Citigroup Inc. upped their price target on Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Jefferies Group reiterated a “hold” rating and set a $49.00 price target (up from $46.00) on shares of Dupont Fabros Technology in a report on Thursday, August 11th. Raymond James Financial Inc. upgraded Dupont Fabros Technology from a “market perform” rating to an “outperform” rating and set a $47.00 price target for the company in a report on Wednesday, September 14th. Barclays PLC upped their price target on Dupont Fabros Technology from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, August 3rd. Finally, SunTrust Banks Inc. began coverage on Dupont Fabros Technology in a report on Thursday, July 21st. They set a “buy” rating and a $55.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.57.
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Dupont Fabros Technology (NYSE:DFT) traded up 2.34% during midday trading on Tuesday, reaching $42.85. The company’s stock had a trading volume of 969,948 shares. The firm has a market capitalization of $3.22 billion, a PE ratio of 10712.50 and a beta of 0.60. Dupont Fabros Technology has a 1-year low of $28.83 and a 1-year high of $48.97. The firm has a 50 day moving average price of $41.93 and a 200 day moving average price of $43.74.
Dupont Fabros Technology (NYSE:DFT) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Dupont Fabros Technology had a return on equity of 20.26% and a net margin of 7.67%. The company earned $128.54 million during the quarter, compared to analyst estimates of $127.15 million. During the same quarter last year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, analysts predict that Dupont Fabros Technology will post $2.78 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, October 7th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend was Wednesday, October 5th. Dupont Fabros Technology’s dividend payout ratio (DPR) is -2,349.71%.
A number of hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. bought a new stake in shares of Dupont Fabros Technology during the second quarter worth $109,000. BNP Paribas Arbitrage SA boosted its stake in shares of Dupont Fabros Technology by 6,944.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,311 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 3,264 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Dupont Fabros Technology during the first quarter valued at approximately $162,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dupont Fabros Technology by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,402 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 307 shares during the last quarter. Finally, Hancock Holding Co. acquired a new stake in shares of Dupont Fabros Technology during the second quarter valued at approximately $237,000. Hedge funds and other institutional investors own 98.19% 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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