Dupont Fabros Technology Inc. (DFT) Lifted to Buy at Stifel Nicolaus
Dupont Fabros Technology Inc. (NYSE:DFT) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage presently has a $43.00 target price on the real estate investment trust’s stock, down from their previous target price of $45.00. Stifel Nicolaus’ price target indicates a potential upside of 13.10% from the stock’s previous close. The analysts noted that the move was a valuation call.
DFT has been the topic of several other reports. Barclays PLC reissued an “overweight” rating and issued a $52.00 price objective (up from $49.00) on shares of Dupont Fabros Technology in a report on Tuesday, July 19th. JPMorgan Chase & Co. raised their price objective on Dupont Fabros Technology from $64.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Zacks Investment Research lowered Dupont Fabros Technology from a “buy” rating to a “hold” rating in a report on Thursday, September 15th. Jefferies Group reissued a “hold” rating on shares of Dupont Fabros Technology in a report on Monday, August 22nd. Finally, SunTrust Banks Inc. assumed coverage on Dupont Fabros Technology in a report on Thursday, July 21st. They issued a “buy” rating and a $55.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Dupont Fabros Technology presently has an average rating of “Buy” and a consensus target price of $45.57.
Shares of Dupont Fabros Technology (NYSE:DFT) opened at 38.02 on Thursday. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 9505.00 and a beta of 0.59. The company’s 50-day moving average price is $42.67 and its 200 day moving average price is $43.70. Dupont Fabros Technology has a 12-month low of $27.48 and a 12-month high of $48.97.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data 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 analyst estimates of $127.15 million. During the same period in the previous year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities analysts predict that Dupont Fabros Technology will post $2.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, October 7th will be given a dividend of $0.47 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.88 dividend on an annualized basis and a yield of 4.94%. Dupont Fabros Technology’s payout ratio is -2,349.71%.
A number of institutional investors have recently made changes to their positions in DFT. Daiwa Securities Group Inc. increased its position in shares of Dupont Fabros Technology by 9,934.9% in the second quarter. Daiwa Securities Group Inc. now owns 250,872 shares of the real estate investment trust’s stock worth $11,926,000 after buying an additional 248,372 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Dupont Fabros Technology during the first quarter worth approximately $162,000. National Investment Services Inc. WI bought a new position in shares of Dupont Fabros Technology during the second quarter worth approximately $266,000. State Street Corp increased its position in shares of Dupont Fabros Technology by 7.4% in the first quarter. State Street Corp now owns 2,112,375 shares of the real estate investment trust’s stock worth $85,612,000 after buying an additional 146,003 shares during the last quarter. Finally, CIBC World Markets Inc. bought a new position in shares of Dupont Fabros Technology during the first quarter worth approximately $257,000. Hedge funds and other institutional investors own 98.13% of the company’s stock.
About Dupont Fabros Technology
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.
Receive News & Ratings for Dupont Fabros Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dupont Fabros Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.