Dupont Fabros Technology Inc. (NYSE:DFT) declared a quarterly dividend on Friday, September 23rd. Shareholders of record on Friday, October 7th will be given a dividend of 0.47 per share by the real estate investment trust on Monday, October 17th. This represents a $1.88 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Wednesday, October 5th.
Dupont Fabros Technology (NYSE:DFT) opened at 43.00 on Monday. The stock has a market cap of $3.23 billion, a P/E ratio of 10750.00 and a beta of 0.73. Dupont Fabros Technology has a 1-year low of $24.88 and a 1-year high of $48.97. The firm’s 50-day moving average is $44.12 and its 200-day moving average is $43.51.
Dupont Fabros Technology (NYSE:DFT) last announced its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The business earned $128.54 million during the quarter, compared to analyst estimates of $127.15 million. Dupont Fabros Technology had a return on equity of 20.26% and a net margin of 7.67%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. On average, analysts forecast that Dupont Fabros Technology will post $2.78 EPS for the current year.
DFT has been the topic of several recent research reports. Citigroup Inc. lifted their price objective on shares of Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Jefferies Group reaffirmed a “hold” rating and issued a $49.00 price objective (up previously from $46.00) on shares of Dupont Fabros Technology in a research note on Thursday, August 11th. Raymond James Financial Inc. raised shares of Dupont Fabros Technology from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research report on Wednesday, September 14th. Zacks Investment Research downgraded shares of Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Finally, Barclays PLC reissued an “overweight” rating and issued a $49.00 target price (up from $48.00) on shares of Dupont Fabros Technology in a research report on Friday, June 17th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.20.
A number of hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. boosted its stake in Dupont Fabros Technology by 1,673.4% in the second quarter. Point72 Asset Management L.P. now owns 219,900 shares of the real estate investment trust’s stock worth $10,454,000 after buying an additional 207,500 shares during the period. Jane Street Group LLC acquired a new stake in Dupont Fabros Technology during the second quarter worth about $2,165,000. AQR Capital Management LLC boosted its stake in Dupont Fabros Technology by 28.5% in the second quarter. AQR Capital Management LLC now owns 144,794 shares of the real estate investment trust’s stock worth $6,884,000 after buying an additional 32,150 shares during the period. Panagora Asset Management Inc. boosted its stake in Dupont Fabros Technology by 1.5% in the second quarter. Panagora Asset Management Inc. now owns 364,341 shares of the real estate investment trust’s stock worth $17,321,000 after buying an additional 5,392 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in Dupont Fabros Technology by 9.4% in the second quarter. Guggenheim Capital LLC now owns 99,435 shares of the real estate investment trust’s stock worth $4,727,000 after buying an additional 8,534 shares during the period. Hedge funds and other institutional investors own 98.13% 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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