Dupont Fabros Technology, Inc. (DFT) Receives $60.15 Consensus Target Price from Brokerages
Dupont Fabros Technology, Inc. (NYSE:DFT) has received a consensus recommendation of “Hold” from the eighteen research firms that are covering the company, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $60.15.
DFT has been the subject of several recent research reports. ValuEngine raised Dupont Fabros Technology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Cowen and Company reissued a “buy” rating and issued a $59.00 price objective on shares of Dupont Fabros Technology in a report on Friday, July 21st. BidaskClub lowered Dupont Fabros Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. TheStreet lowered Dupont Fabros Technology from a “b” rating to a “c+” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $63.00 price objective on shares of Dupont Fabros Technology in a report on Friday, July 14th.
In other news, EVP Scott A. Davis sold 44,067 shares of Dupont Fabros Technology stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $62.50, for a total transaction of $2,754,187.50. Following the completion of the sale, the executive vice president now owns 104,997 shares in the company, valued at approximately $6,562,312.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic V. Malek sold 30,000 shares of Dupont Fabros Technology stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $62.71, for a total value of $1,881,300.00. Following the sale, the director now owns 112,375 shares of the company’s stock, valued at approximately $7,047,036.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 801,397 shares of company stock valued at $49,701,799. Corporate insiders own 5.60% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of DFT. Penserra Capital Management LLC bought a new stake in shares of Dupont Fabros Technology during the 1st quarter valued at about $102,000. Meeder Asset Management Inc. bought a new stake in shares of Dupont Fabros Technology during the 1st quarter valued at about $109,000. Grove Bank & Trust boosted its position in shares of Dupont Fabros Technology by 36.6% during the 2nd quarter. Grove Bank & Trust now owns 1,830 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 490 shares during the last quarter. Schroder Investment Management Group bought a new stake in shares of Dupont Fabros Technology during the 2nd quarter valued at about $115,000. Finally, C M Bidwell & Associates Ltd. boosted its position in shares of Dupont Fabros Technology by 142.1% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,385 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 1,400 shares during the last quarter.
Shares of Dupont Fabros Technology (DFT) traded down 0.18% on Friday, hitting $67.88. 1,942,427 shares of the stock traded hands. The firm’s 50 day moving average is $63.12 and its 200 day moving average is $56.44. Dupont Fabros Technology has a 52 week low of $37.54 and a 52 week high of $69.33. The firm has a market capitalization of $5.26 billion, a PE ratio of 41.34 and a beta of 0.68.
Dupont Fabros Technology (NYSE:DFT) last announced 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). Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. The firm had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $141.48 million. During the same period last year, the business posted $0.64 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. On average, analysts expect that Dupont Fabros Technology will post $1.77 EPS for the current fiscal year.
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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