Published On: Wed, Sep 14th, 2016

Dupont Fabros Technology Inc. (DFT) Updates FY16 Earnings Guidance

Dupont Fabros Technology Inc. (NYSE:DFT) updated its FY16 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.76-2.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.79. The company issued revenue guidance of $510-520 million, compared to the consensus revenue estimate of $519.61 million.
A number of brokerages have weighed in on DFT. Citigroup Inc. boosted their target price on Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a neutral rating in a research report on Thursday, July 7th. Jefferies Group reissued a hold rating and issued a $44.00 target price on shares of Dupont Fabros Technology in a research report on Wednesday, July 6th. Zacks Investment Research raised Dupont Fabros Technology from a hold rating to a buy rating and set a $54.00 target price for the company in a research report on Monday, July 4th. Barclays PLC reissued an overweight rating and issued a $52.00 target price (up previously from $49.00) on shares of Dupont Fabros Technology in a research report on Tuesday, July 19th. Finally, SunTrust Banks Inc. began coverage on Dupont Fabros Technology in a research report on Thursday, July 21st. They issued a buy rating and a $55.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $45.95.
Dupont Fabros Technology Inc. (NYSE:DFT) opened at 42.05 on Wednesday. The company has a market capitalization of $3.16 billion, a P/E ratio of 10512.50 and a beta of 0.73. Dupont Fabros Technology Inc. has a 52 week low of $24.88 and a 52 week high of $48.97. The company’s 50 day moving average price is $45.42 and its 200-day moving average price is $43.22.

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Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $128.54 million for the quarter, compared to the consensus estimate of $127.15 million. During the same period in the previous year, the business earned $0.62 EPS. Dupont Fabros Technology’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts expect that Dupont Fabros Technology Inc. will post $2.78 earnings per share for the current year.
A number of large investors have recently modified their holdings of the company. Advisor Group Inc. acquired a new stake in shares of Dupont Fabros Technology during the second quarter valued at $109,000. WBI Investments Inc. acquired a new stake in shares of Dupont Fabros Technology during the second quarter valued at $20,442,000. TIAA CREF Investment Management LLC increased its stake in shares of Dupont Fabros Technology by 44.4% in the second quarter. TIAA CREF Investment Management LLC now owns 289,514 shares of the real estate investment trust’s stock valued at $13,763,000 after buying an additional 88,983 shares in the last quarter. Credit Suisse AG increased its stake in shares of Dupont Fabros Technology by 26.4% in the second quarter. Credit Suisse AG now owns 250,979 shares of the real estate investment trust’s stock valued at $11,931,000 after buying an additional 52,411 shares in the last quarter. Finally, Cipher Capital LP increased its stake in shares of Dupont Fabros Technology by 36.4% in the second quarter. Cipher Capital LP now owns 57,959 shares of the real estate investment trust’s stock valued at $2,756,000 after buying an additional 15,459 shares in the last quarter. 98.26% of the stock is owned by institutional investors and hedge funds.
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.

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