Dupont Fabros Technology, Inc. (NYSE:DFT)‘s stock had its “buy” rating restated by Cowen and Company in a report issued on Friday. They presently have a $59.00 price objective on the real estate investment trust’s stock. Cowen and Company’s price target would suggest a potential downside of 2.78% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Dupont Fabros Technology from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Macquarie reiterated an “outperform” rating and set a $58.00 price target on shares of Dupont Fabros Technology in a report on Thursday, April 6th. Royal Bank Of Canada cut Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $59.00 to $62.00 in a report on Monday, June 12th. They noted that the move was a valuation call. Barclays PLC reiterated an “overweight” rating and set a $54.00 price target (up from $53.00) on shares of Dupont Fabros Technology in a report on Wednesday, April 19th. Finally, KeyCorp upgraded Dupont Fabros Technology from a “sector weight” rating to an “overweight” rating and set a $60.00 price target for the company in a report on Tuesday, May 2nd. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $58.25.

Dupont Fabros Technology (NYSE DFT) traded up 0.28% on Friday, reaching $60.69. 637,829 shares of the company’s stock traded hands. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 34.60 and a beta of 0.68. The firm has a 50-day moving average price of $60.79 and a 200-day moving average price of $52.51. Dupont Fabros Technology has a 52 week low of $37.54 and a 52 week high of $66.18.

Dupont Fabros Technology (NYSE:DFT) last released its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by $0.31. The business had revenue of $139.48 million for the quarter, compared to analysts’ expectations of $139.24 million. Dupont Fabros Technology had a return on equity of 22.94% and a net margin of 30.25%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. On average, analysts predict that Dupont Fabros Technology will post $1.82 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Dupont Fabros Technology by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,760,518 shares of the real estate investment trust’s stock valued at $682,384,000 after buying an additional 202,827 shares during the last quarter. Cohen & Steers Inc. boosted its position in shares of Dupont Fabros Technology by 77.8% in the second quarter. Cohen & Steers Inc. now owns 6,736,296 shares of the real estate investment trust’s stock valued at $320,244,000 after buying an additional 2,947,661 shares during the last quarter. BlackRock Inc. boosted its position in shares of Dupont Fabros Technology by 3,277.7% in the first quarter. BlackRock Inc. now owns 6,689,865 shares of the real estate investment trust’s stock valued at $331,749,000 after buying an additional 6,491,806 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its position in shares of Dupont Fabros Technology by 13.1% in the third quarter. Lasalle Investment Management Securities LLC now owns 3,232,172 shares of the real estate investment trust’s stock valued at $133,327,000 after buying an additional 373,443 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Dupont Fabros Technology by 15.1% in the first quarter. State Street Corp now owns 2,813,663 shares of the real estate investment trust’s stock valued at $139,529,000 after buying an additional 370,099 shares during the last quarter.

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.

Analyst Recommendations for Dupont Fabros Technology (NYSE:DFT)

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