Dupont Fabros Technology, Inc. (DFT) Given Average Rating of “Hold” by Brokerages
Shares of Dupont Fabros Technology, Inc. (NYSE:DFT) have received an average recommendation of “Hold” from the eighteen research firms that are covering the company, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $60.15.
DFT has been the subject of a number of recent research reports. Royal Bank Of Canada cut shares of Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $59.00 to $62.00 in a report on Monday, June 12th. They noted that the move was a valuation call. UBS AG cut shares of Dupont Fabros Technology from an “outperform” rating to a “market perform” rating in a report on Thursday, June 22nd. BidaskClub cut shares of Dupont Fabros Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Dupont Fabros Technology in a report on Thursday, June 22nd. Finally, Robert W. Baird cut shares of Dupont Fabros Technology from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $53.00 to $63.00 in a report on Monday, June 12th.
Shares of Dupont Fabros Technology (DFT) traded down 0.52% during trading on Friday, reaching $65.59. The company’s stock had a trading volume of 351,927 shares. The firm has a market capitalization of $5.08 billion, a P/E ratio of 39.95 and a beta of 0.68. Dupont Fabros Technology has a 52 week low of $37.54 and a 52 week high of $66.45. The company has a 50 day moving average price of $62.91 and a 200 day moving average price of $56.23.
Dupont Fabros Technology (NYSE:DFT) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.39. Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. The company had revenue of $140.70 million during the quarter, compared to analyst estimates of $141.48 million. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, equities research analysts expect that Dupont Fabros Technology will post $1.77 EPS for the current fiscal year.
In related news, CFO Jeffrey H. Foster sold 64,843 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $61.49, for a total transaction of $3,987,196.07. Following the completion of the transaction, the chief financial officer now owns 40,447 shares in the company, valued at approximately $2,487,086.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Richard A. Montfort, Jr. sold 44,712 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $62.60, for a total value of $2,798,971.20. Following the transaction, the general counsel now owns 62,548 shares of the company’s stock, valued at approximately $3,915,504.80. The disclosure for this sale can be found here. Insiders sold 801,397 shares of company stock worth $49,701,799 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DFT. BlackRock Inc. grew its stake in Dupont Fabros Technology by 3,277.7% during the 1st quarter. BlackRock Inc. now owns 6,689,865 shares of the real estate investment trust’s stock valued at $331,749,000 after purchasing an additional 6,491,806 shares during the last quarter. CNH Partners LLC purchased a new stake in shares of Dupont Fabros Technology in the second quarter worth about $190,756,000. Daiwa Securities Group Inc. boosted its stake in shares of Dupont Fabros Technology by 263.6% in the second quarter. Daiwa Securities Group Inc. now owns 2,437,272 shares of the real estate investment trust’s stock worth $149,064,000 after buying an additional 1,767,028 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Dupont Fabros Technology by 159.4% in the first quarter. OppenheimerFunds Inc. now owns 1,397,446 shares of the real estate investment trust’s stock worth $69,300,000 after buying an additional 858,755 shares during the last quarter. Finally, Capital Growth Management LP boosted its stake in shares of Dupont Fabros Technology by 633.3% in the first quarter. Capital Growth Management LP now owns 880,000 shares of the real estate investment trust’s stock worth $43,639,000 after buying an additional 760,000 shares during the last quarter.
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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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