Dupont Fabros Technology, Inc. (DFT) Given Consensus Rating of “Hold” by Analysts
Shares of Dupont Fabros Technology, Inc. (NYSE:DFT) have been given a consensus recommendation of “Hold” by the eighteen brokerages that are presently covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $60.15.
A number of equities analysts have weighed in on the stock. Wells Fargo & Company reiterated a “market perform” rating on shares of Dupont Fabros Technology in a research report on Monday, June 12th. Royal Bank Of Canada lowered shares of Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and set a $62.00 target price for the company. in a research report on Monday, July 31st. Barclays PLC increased their target price on shares of Dupont Fabros Technology from $55.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Stifel Nicolaus lowered shares of Dupont Fabros Technology from a “buy” rating to a “hold” rating and cut their target price for the stock from $57.00 to $54.00 in a research report on Monday, April 24th. Finally, ValuEngine upgraded shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
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In other news, Director Frederic V. Malek sold 30,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $62.71, for a total value of $1,881,300.00. Following the sale, the director now directly owns 112,375 shares of the company’s stock, valued at $7,047,036.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott A. Davis sold 44,067 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $62.50, for a total transaction of $2,754,187.50. Following the completion of the sale, the executive vice president now directly owns 104,997 shares in the company, valued at $6,562,312.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 776,397 shares of company stock worth $48,101,649. Insiders own 5.60% of the company’s stock.
Large investors have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in shares of Dupont Fabros Technology during the first quarter worth about $102,000. Meeder Asset Management Inc. bought a new stake in shares of Dupont Fabros Technology during the first quarter worth $109,000. Grove Bank & Trust increased its stake in shares of Dupont Fabros Technology by 36.6% in the second quarter. Grove Bank & Trust now owns 1,830 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 490 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Dupont Fabros Technology during the second quarter worth $115,000. Finally, C M Bidwell & Associates Ltd. increased its stake in shares of Dupont Fabros Technology by 142.1% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,385 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 1,400 shares in the last quarter.
Shares of Dupont Fabros Technology (NYSE DFT) traded up 0.43% during mid-day trading on Tuesday, reaching $62.47. 460,013 shares of the company’s stock traded hands. Dupont Fabros Technology has a 12-month low of $37.54 and a 12-month high of $66.18. The company has a market cap of $4.84 billion, a P/E ratio of 38.05 and a beta of 0.68. The firm has a 50-day moving average of $61.38 and a 200 day moving average of $54.33.
Dupont Fabros Technology (NYSE:DFT) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by $0.39. The business had revenue of $140.70 million for the quarter, compared to the consensus estimate of $141.48 million. Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. Dupont Fabros Technology’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. Equities analysts forecast that Dupont Fabros Technology will post $1.83 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Thursday, June 29th. Dupont Fabros Technology’s payout ratio is 121.95%.
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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