DuPont Fabros Technology, Inc. Expected to Post Q2 2017 Earnings of $0.77 Per Share (DFT)
DuPont Fabros Technology, Inc. (NYSE:DFT) – Investment analysts at Jefferies Group issued their Q2 2017 earnings per share estimates for DuPont Fabros Technology in a report issued on Monday. Jefferies Group analyst J. Petersen forecasts that the real estate investment trust will earn $0.77 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $54.00 target price on the stock. Jefferies Group also issued estimates for DuPont Fabros Technology’s Q3 2017 earnings at $0.79 EPS, Q4 2017 earnings at $0.80 EPS and FY2018 earnings at $3.46 EPS.
DuPont Fabros Technology (NYSE:DFT) last released its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.31. The firm had revenue of $139.48 million for the quarter, compared to analyst estimates of $139.24 million. DuPont Fabros Technology had a net margin of 9.36% and a return on equity of 21.81%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS.
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A number of other brokerages also recently commented on DFT. Royal Bank of Canada upped their price objective on shares of DuPont Fabros Technology from $49.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, February 27th. KeyCorp upgraded shares of DuPont Fabros Technology from a “sector weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded shares of DuPont Fabros Technology from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Stifel Nicolaus restated a “buy” rating and set a $57.00 price objective (up previously from $48.00) on shares of DuPont Fabros Technology in a research report on Friday, February 24th. Finally, Barclays PLC restated an “overweight” rating and set a $54.00 price objective (up previously from $53.00) on shares of DuPont Fabros Technology in a research report on Wednesday, April 19th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $53.04.
Shares of DuPont Fabros Technology (NYSE:DFT) opened at 51.58 on Thursday. DuPont Fabros Technology has a 52-week low of $37.54 and a 52-week high of $53.31. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 29.41 and a beta of 0.63. The company’s 50-day moving average is $50.34 and its 200 day moving average is $46.36.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Monday, April 3rd were paid a $0.50 dividend. The ex-dividend date was Thursday, March 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.88%.
A number of large investors have recently modified their holdings of DFT. State Street Corp boosted its stake in shares of DuPont Fabros Technology by 0.4% in the fourth quarter. State Street Corp now owns 2,443,564 shares of the real estate investment trust’s stock worth $107,347,000 after buying an additional 10,855 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of DuPont Fabros Technology by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,343,225 shares of the real estate investment trust’s stock worth $96,658,000 after buying an additional 139,719 shares during the last quarter. Northern Trust Corp boosted its stake in shares of DuPont Fabros Technology by 1.5% in the third quarter. Northern Trust Corp now owns 1,991,446 shares of the real estate investment trust’s stock worth $82,148,000 after buying an additional 29,853 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of DuPont Fabros Technology by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 1,360,296 shares of the real estate investment trust’s stock worth $67,456,000 after buying an additional 64,371 shares during the last quarter. Finally, PGGM Investments acquired a new stake in shares of DuPont Fabros Technology during the first quarter worth approximately $62,483,000.
About DuPont Fabros Technology
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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