Dupont Fabros Technology Inc. (NYSE:DFT)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group in a report issued on Tuesday.
Several other analysts have also issued reports on the company. JPMorgan Chase & Co. boosted their price target 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 raised Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Monday, July 18th. Barclays PLC increased their price target on Dupont Fabros Technology from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, August 3rd. SunTrust Banks Inc. began coverage on Dupont Fabros Technology in a research note on Thursday, July 21st. They set a “buy” rating and a $55.00 price target for the company. Finally, Citigroup Inc. upped their price objective on Dupont Fabros Technology from $43.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $45.72.
Shares of Dupont Fabros Technology (NYSE:DFT) traded up 0.42% on Tuesday, reaching $42.75. 755,953 shares of the company’s stock were exchanged. Dupont Fabros Technology has a 1-year low of $24.88 and a 1-year high of $48.97. The company has a market capitalization of $3.22 billion, a P/E ratio of 10687.50 and a beta of 0.73. The stock’s 50-day moving average price is $45.02 and its 200-day moving average price is $43.23.
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Dupont Fabros Technology (NYSE:DFT) last posted its quarterly earnings data 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. The firm had revenue of $128.54 million for the quarter, compared to analysts’ expectations of $127.15 million. Dupont Fabros Technology had a net margin of 7.67% and a return on equity of 20.26%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. Analysts anticipate that Dupont Fabros Technology will post $2.78 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Advisor Group Inc. acquired a new stake in Dupont Fabros Technology during the second quarter worth $109,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Dupont Fabros Technology by 10.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,678 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 247 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in 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 worth $157,000 after buying an additional 3,264 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 worth $162,000 after buying an additional 307 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Dupont Fabros Technology during the first quarter worth $162,000. 98.26% of the stock is owned by hedge funds and other institutional investors.
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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