DuPont Fabros Technology, Inc. (DFT) Receives Average Rating of “Hold” from Analysts
Shares of DuPont Fabros Technology, Inc. (NYSE:DFT) have been assigned a consensus rating of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $60.15.
Several equities analysts have recently weighed in on the company. Wells Fargo & Company reaffirmed a “market perform” rating on shares of DuPont Fabros Technology in a research note on Monday, June 12th. Royal Bank Of Canada lowered DuPont Fabros Technology from an “outperform” rating to a “sector perform” rating and set a $62.00 price objective on the stock. in a research note on Monday, July 31st. ValuEngine raised DuPont Fabros Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Barclays PLC lifted their price objective on DuPont Fabros Technology from $55.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $59.00 price objective on shares of DuPont Fabros Technology in a research note on Friday, July 21st.
In other DuPont Fabros Technology news, Chairman Pont Lammot J. Du sold 296,185 shares of DuPont Fabros Technology stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $61.48, for a total transaction of $18,209,453.80. Following the sale, the chairman now directly owns 215,673 shares in the company, valued at approximately $13,259,576.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey H. Foster sold 64,843 shares of DuPont Fabros Technology stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $61.49, for a total value of $3,987,196.07. Following the sale, the chief financial officer now owns 40,447 shares in the company, valued at $2,487,086.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 801,397 shares of company stock worth $49,701,799. Company insiders own 5.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of DFT. UBS Asset Management Americas Inc. increased its holdings in DuPont Fabros Technology by 25.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 147,712 shares of the real estate investment trust’s stock worth $7,325,000 after purchasing an additional 29,601 shares during the last quarter. Oxford Asset Management purchased a new stake in DuPont Fabros Technology during the 1st quarter worth approximately $231,000. Envestnet Asset Management Inc. increased its holdings in DuPont Fabros Technology by 10.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 25,950 shares of the real estate investment trust’s stock worth $1,284,000 after purchasing an additional 2,351 shares during the last quarter. American International Group Inc. increased its holdings in DuPont Fabros Technology by 5.4% during the 1st quarter. American International Group Inc. now owns 45,230 shares of the real estate investment trust’s stock worth $2,243,000 after purchasing an additional 2,311 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in DuPont Fabros Technology during the 1st quarter worth approximately $1,829,000.
Shares of DuPont Fabros Technology (NYSE:DFT) traded down 2.31% during midday trading on Wednesday, reaching $66.31. 4,402,742 shares of the company traded hands. The stock has a market capitalization of $5.14 billion, a P/E ratio of 40.38 and a beta of 0.68. The stock’s 50-day moving average is $64.02 and its 200-day moving average is $57.12. DuPont Fabros Technology has a 1-year low of $37.54 and a 1-year high of $69.33.
DuPont Fabros Technology (NYSE:DFT) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.39). The firm had revenue of $140.70 million during the quarter, compared to analyst estimates of $141.48 million. DuPont Fabros Technology had a net margin of 26.98% and a return on equity of 17.13%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. Equities analysts predict that DuPont Fabros Technology will post $1.77 EPS for the current fiscal year.
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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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