Dupont Fabros Technology, Inc. (NYSE:DFT)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group LLC in a report released on Friday, July 14th. They presently have a $63.00 price objective on the real estate investment trust’s stock. Jefferies Group LLC’s target price points to a potential upside of 1.99% from the stock’s previous close.
DFT has been the topic of several other research reports. Wells Fargo & Company restated a “market perform” rating on shares of Dupont Fabros Technology in a report on Monday, June 12th. ValuEngine upgraded Dupont Fabros Technology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus lowered Dupont Fabros Technology from a “buy” rating to a “hold” rating and reduced their target price for the stock from $57.00 to $54.00 in a research note on Monday, April 24th. Royal Bank Of Canada reiterated a “buy” rating on shares of Dupont Fabros Technology in a research note on Thursday, April 6th. Finally, UBS AG lowered Dupont Fabros Technology from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 22nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $57.63.
Shares of Dupont Fabros Technology (NYSE DFT) opened at 61.77 on Friday. Dupont Fabros Technology has a one year low of $37.54 and a one year high of $66.18. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 37.62 and a beta of 0.68. The company’s 50 day moving average is $61.84 and its 200-day moving average is $53.62.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.39. The firm had revenue of $140.70 million for the quarter, compared to analysts’ expectations of $141.48 million. Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. Equities analysts expect that Dupont Fabros Technology will post $1.83 EPS for the current year.
In other Dupont Fabros Technology news, CFO Jeffrey H. Foster sold 64,843 shares of the firm’s 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 directly owns 40,447 shares of the company’s stock, valued at $2,487,086.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Pont Lammot J. Du sold 296,185 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $61.48, for a total value of $18,209,453.80. Following the completion of the sale, the chairman now directly owns 215,673 shares in the company, valued at $13,259,576.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 776,397 shares of company stock valued at $48,101,649. 5.60% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in DFT. Penserra Capital Management LLC bought a new position in Dupont Fabros Technology during the first quarter worth $102,000. Meeder Asset Management Inc. bought a new position in Dupont Fabros Technology during the first quarter worth $109,000. Grove Bank & Trust raised its position in Dupont Fabros Technology by 36.6% in the second quarter. Grove Bank & Trust now owns 1,830 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 490 shares during the period. Victory Capital Management Inc. raised its position in Dupont Fabros Technology by 510.6% in the second quarter. Victory Capital Management Inc. now owns 2,870 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 2,400 shares during the period. Finally, Creative Planning increased its stake in Dupont Fabros Technology by 56.4% in the first quarter. Creative Planning now owns 3,990 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,439 shares in the last quarter.
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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