Dupont Fabros Technology Inc. (NYSE:DFT) has been given a consensus rating of “Hold” by the thirteen brokerages that are currently covering the firm. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $45.94.
A number of brokerages recently commented on DFT. Citigroup Inc. lifted their price objective on Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Zacks Investment Research cut Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. SunTrust Banks Inc. began coverage on Dupont Fabros Technology in a report on Thursday, July 21st. They set a “buy” rating and a $55.00 target price on the stock. Barclays PLC reiterated an “overweight” rating and set a $49.00 target price (up from $48.00) on shares of Dupont Fabros Technology in a report on Friday, June 17th. Finally, Jefferies Group reiterated a “hold” rating and set a $49.00 target price (up from $46.00) on shares of Dupont Fabros Technology in a report on Thursday, August 11th.
A number of hedge funds have recently added to or reduced their stakes in DFT. Meeder Asset Management Inc. bought a new stake in Dupont Fabros Technology during the first quarter valued at about $162,000. Daiwa Securities Group Inc. raised its stake in Dupont Fabros Technology by 9,934.9% in the second quarter. Daiwa Securities Group Inc. now owns 250,872 shares of the real estate investment trust’s stock valued at $11,926,000 after buying an additional 248,372 shares during the last quarter. National Investment Services Inc. WI bought a new stake in Dupont Fabros Technology during the second quarter valued at about $266,000. State Street Corp raised its stake in Dupont Fabros Technology by 7.4% in the first quarter. State Street Corp now owns 2,112,375 shares of the real estate investment trust’s stock valued at $85,612,000 after buying an additional 146,003 shares during the last quarter. Finally, CIBC World Markets Inc. bought a new stake in Dupont Fabros Technology during the first quarter valued at about $257,000. Institutional investors and hedge funds own 98.13% of the company’s stock.
Dupont Fabros Technology (NYSE:DFT) opened at 41.25 on Thursday. Dupont Fabros Technology has a 52 week low of $26.67 and a 52 week high of $48.97. The company has a market capitalization of $3.10 billion, a P/E ratio of 10312.50 and a beta of 0.73. The company’s 50-day moving average price is $43.47 and its 200-day moving average price is $43.69.
Dupont Fabros Technology (NYSE:DFT) last announced 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. Dupont Fabros Technology had a return on equity of 20.26% and a net margin of 7.67%. The company had revenue of $128.54 million for the quarter, compared to analyst estimates of $127.15 million. During the same period last year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities analysts forecast that Dupont Fabros Technology will post $2.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, October 7th will be issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.88 annualized dividend and a yield of 4.56%. Dupont Fabros Technology’s payout ratio is presently -2,349.71%.
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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