Dupont Fabros Technology, Inc. (NYSE:DFT) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Dupont Fabros Technology, Inc. (NYSE:DFT) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01, Bloomberg Earnings reports. The firm had revenue of $140.70 million during the quarter, compared to analyst estimates of $141.48 million. Dupont Fabros Technology had a return on equity of 22.94% and a net margin of 30.25%. Dupont Fabros Technology’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS.
Shares of Dupont Fabros Technology (DFT) traded up 0.47% during midday trading on Thursday, reaching $61.55. The company’s stock had a trading volume of 819,704 shares. The stock has a 50-day moving average of $61.45 and a 200 day moving average of $52.93. The firm has a market capitalization of $4.77 billion, a P/E ratio of 35.09 and a beta of 0.68. Dupont Fabros Technology has a 12-month low of $37.54 and a 12-month high of $66.18.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were paid a $0.50 dividend. The ex-dividend date was Thursday, June 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.25%. Dupont Fabros Technology’s payout ratio is presently 113.64%.
Several equities research analysts have recently commented on DFT shares. Zacks Investment Research upgraded Dupont Fabros Technology from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Macquarie restated an “outperform” rating and issued a $58.00 price objective on shares of Dupont Fabros Technology in a research note on Thursday, April 6th. Royal Bank Of Canada lowered Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $59.00 to $62.00 in a research note on Monday, June 12th. They noted that the move was a valuation call. Barclays PLC restated an “overweight” rating and issued a $54.00 price objective (up from $53.00) on shares of Dupont Fabros Technology in a research note 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 objective for the company in a research note on Tuesday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Dupont Fabros Technology presently has a consensus rating of “Hold” and an average price target of $58.50.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new position in Dupont Fabros Technology during the first quarter worth $102,000. Meeder Asset Management Inc. purchased a new position in Dupont Fabros Technology during the first quarter worth $109,000. Creative Planning boosted its position in Dupont Fabros Technology by 56.4% in the first quarter. Creative Planning now owns 3,990 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,439 shares during the last quarter. Catawba Capital Management VA purchased a new position in Dupont Fabros Technology during the first quarter worth $200,000. Finally, GW&K Investment Management LLC purchased a new position in Dupont Fabros Technology during the first quarter worth $203,000.
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Dupont Fabros Technology Company Profile
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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