Dupont Fabros Technology Inc. (DFT) Lowered to Hold at Zacks Investment Research
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. “
A number of other brokerages have also commented on DFT. Citigroup Inc. upped their price target on Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a neutral rating in a report on Thursday, July 7th. Jefferies Group restated a hold rating and set a $44.00 price objective on shares of Dupont Fabros Technology in a research report on Wednesday, July 6th. Barclays PLC restated an overweight rating and set a $52.00 price objective (up from $49.00) on shares of Dupont Fabros Technology in a research report on Tuesday, July 19th. SunTrust Banks Inc. began coverage on Dupont Fabros Technology in a research report on Thursday, July 21st. They set a buy rating and a $55.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Dupont Fabros Technology from $64.00 to $69.00 and gave the company a neutral rating in a research report on Wednesday, July 27th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $45.57.
Shares of Dupont Fabros Technology (NYSE:DFT) opened at 42.85 on Tuesday. Dupont Fabros Technology has a 52 week low of $28.83 and a 52 week high of $48.97. The company has a market capitalization of $3.22 billion, a PE ratio of 10712.50 and a beta of 0.59. The company’s 50 day moving average is $41.93 and its 200-day moving average is $43.74.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. Dupont Fabros Technology had a return on equity of 20.26% and a net margin of 7.67%. The business had revenue of $128.54 million for the quarter, compared to analyst estimates of $127.15 million. During the same quarter last year, the firm earned $0.62 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, analysts expect that Dupont Fabros Technology will post $2.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, October 7th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Wednesday, October 5th. Dupont Fabros Technology’s payout ratio is presently -2,349.71%.
Several hedge funds have recently made changes to their positions in the company. Advisor Group Inc. acquired a new stake in shares of Dupont Fabros Technology during the second quarter valued at approximately $109,000. BNP Paribas Arbitrage SA boosted its stake in shares of Dupont Fabros Technology by 6,944.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,311 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 3,264 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Dupont Fabros Technology during the first quarter valued at approximately $162,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dupont Fabros Technology by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,402 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 307 shares during the last quarter. Finally, Hancock Holding Co. acquired a new stake in shares of Dupont Fabros Technology during the second quarter valued at approximately $237,000. Institutional investors own 98.19% of the company’s stock.
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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