Zacks Investment Research Lowers Dupont Fabros Technology Inc. (DFT) to Hold
Dupont Fabros Technology Inc. (NYSE:DFT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note 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 topic of a number of other reports. Stifel Nicolaus raised shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and dropped their target price for the company from $45.00 to $43.00 in a report on Thursday, October 6th. They noted that the move was a valuation call. Jefferies Group reiterated a “hold” rating and issued a $44.00 price target on shares of Dupont Fabros Technology in a research note on Wednesday, July 6th. SunTrust Banks Inc. started coverage on shares of Dupont Fabros Technology in a research note on Thursday, July 21st. They issued a “buy” rating and a $55.00 price target on the stock. Barclays PLC reiterated an “overweight” rating and issued a $52.00 price target (up previously from $49.00) on shares of Dupont Fabros Technology in a research note on Tuesday, July 19th. Finally, Citigroup Inc. upped their price target on shares of Dupont Fabros Technology from $43.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.57.
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Dupont Fabros Technology (NYSE:DFT) traded up 2.34% on Tuesday, hitting $42.85. 969,948 shares of the stock were exchanged. The company has a 50-day moving average price of $41.93 and a 200 day moving average price of $43.74. Dupont Fabros Technology has a 1-year low of $28.83 and a 1-year high of $48.97. The company has a market capitalization of $3.22 billion, a PE ratio of 10712.50 and a beta of 0.60.
Dupont Fabros Technology (NYSE:DFT) last issued its earnings results on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.01. The firm earned $128.54 million during the quarter, compared to the consensus estimate of $127.15 million. Dupont Fabros Technology had a net margin of 7.67% and a return on equity of 20.26%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share. Analysts anticipate that Dupont Fabros Technology will post $2.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, October 7th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 4.39%. Dupont Fabros Technology’s dividend payout ratio is -2,349.71%.
Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. purchased a new stake in Dupont Fabros Technology during the second quarter valued at about $109,000. BNP Paribas Arbitrage SA raised its stake in 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 in the last quarter. Meeder Asset Management Inc. purchased a new stake in Dupont Fabros Technology during the first quarter valued at about $162,000. Finally, Hancock Holding Co. purchased a new stake in Dupont Fabros Technology during the second quarter valued at about $237,000. Institutional investors and hedge funds own 98.19% of the company’s stock.
Dupont Fabros Technology Company Profile
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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