Zacks Investment Research upgraded shares of Dupont Fabros Technology Inc. (NYSE:DFT) from a hold rating to a buy rating in a research note issued to investors on Friday morning. They currently have $48.00 target price on the real estate investment trust’s stock.

According to Zacks, “DuPont Fabros Technology, Inc. is a leading owner, developer, operator and manager of wholesale data centers and a real estate investment trust. The Company’s data centers are highly specialized, secure facilities used primarily by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes. DuPont Fabros Technology is headquartered in Washington, DC. “

Several other equities research analysts have also issued reports on the stock. Citigroup Inc. increased their target price on shares of Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a neutral rating in a research note on Thursday, July 7th. Jefferies Group reissued a hold rating and set a $49.00 target price (up from $46.00) on shares of Dupont Fabros Technology in a research note on Thursday, August 11th. Raymond James Financial Inc. raised shares of Dupont Fabros Technology from a market perform rating to an outperform rating and set a $47.00 target price on the stock in a research note on Wednesday, September 14th. Barclays PLC reissued an overweight rating and set a $49.00 target price (up from $48.00) on shares of Dupont Fabros Technology in a research note on Friday, June 17th. Finally, SunTrust Banks Inc. started coverage on shares of Dupont Fabros Technology in a research note on Thursday, July 21st. They set a buy rating and a $55.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $45.72.

Shares of Dupont Fabros Technology (NYSE:DFT) opened at 42.75 on Friday. The company has a market capitalization of $3.22 billion, a PE ratio of 10687.50 and a beta of 0.73. Dupont Fabros Technology has a one year low of $24.88 and a one year high of $48.97. The stock has a 50 day moving average price of $44.29 and a 200 day moving average price of $43.46.

Dupont Fabros Technology (NYSE:DFT) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by $0.01. Dupont Fabros Technology had a net margin of 7.67% and a return on equity of 20.26%. The business earned $128.54 million during the quarter, compared to analysts’ expectations of $127.15 million. During the same period in the previous year, the company posted $0.62 earnings per share. Dupont Fabros Technology’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities research analysts predict that Dupont Fabros Technology will post $2.78 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Dupont Fabros Technology by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 434,448 shares of the real estate investment trust’s stock worth $17,609,000 after buying an additional 7,672 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Dupont Fabros Technology by 168.8% in the first quarter. Prudential Financial Inc. now owns 18,699 shares of the real estate investment trust’s stock valued at $758,000 after buying an additional 11,742 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of Dupont Fabros Technology by 1.2% in the first quarter. Teachers Advisors Inc. now owns 652,230 shares of the real estate investment trust’s stock valued at $26,435,000 after buying an additional 8,020 shares in the last quarter. Ngam Advisors L.P. boosted its position in shares of Dupont Fabros Technology by 5.3% in the first quarter. Ngam Advisors L.P. now owns 136,185 shares of the real estate investment trust’s stock valued at $5,520,000 after buying an additional 6,813 shares in the last quarter. Finally, CIBC World Markets Inc. acquired a new position in shares of Dupont Fabros Technology during the first quarter valued at approximately $257,000. 98.13% of the stock is owned by hedge funds and other institutional investors.

Dupont Fabros Technology Company Profile

DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company is a self-administered and self-managed company that owns, acquires, develops and operates wholesale data centers. The Company’s customers outsource their applications, and include national and international enterprises across various industries, such as technology, Internet content providers, media, communications, cloud providers, healthcare and financial services.

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