Shares of DuPont Fabros Technology, Inc. (NYSE:DFT) have earned an average rating of “Buy” from the thirteen ratings firms that are covering the stock. Five investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $49.94.
DFT has been the topic of a number of research reports. Barclays PLC reissued an “overweight” rating and issued a $50.00 price objective (down from $52.00) on shares of DuPont Fabros Technology in a research note on Monday, January 23rd. Robert W. Baird raised shares of DuPont Fabros Technology from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $47.33 to $44.00 in a research note on Monday, November 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $57.00 price target (up from $48.00) on shares of DuPont Fabros Technology in a research note on Friday, February 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $56.00 price target (up from $49.00) on shares of DuPont Fabros Technology in a research note on Monday, February 27th. Finally, Zacks Investment Research cut shares of DuPont Fabros Technology from a “buy” rating to a “hold” rating in a research note on Friday, January 6th.
Several large investors have recently added to or reduced their stakes in DFT. Norges Bank bought a new stake in DuPont Fabros Technology during the fourth quarter valued at about $32,024,000. Putnam Investments LLC boosted its stake in DuPont Fabros Technology by 3.5% in the fourth quarter. Putnam Investments LLC now owns 21,199 shares of the real estate investment trust’s stock valued at $932,000 after buying an additional 720 shares in the last quarter. Numeric Investors LLC boosted its stake in DuPont Fabros Technology by 3,631.7% in the fourth quarter. Numeric Investors LLC now owns 600,803 shares of the real estate investment trust’s stock valued at $26,393,000 after buying an additional 584,703 shares in the last quarter. Fortaleza Asset Management Inc. bought a new stake in DuPont Fabros Technology during the fourth quarter valued at about $100,000. Finally, Bowling Portfolio Management LLC boosted its stake in DuPont Fabros Technology by 53.1% in the fourth quarter. Bowling Portfolio Management LLC now owns 10,127 shares of the real estate investment trust’s stock valued at $445,000 after buying an additional 3,511 shares in the last quarter.
Shares of DuPont Fabros Technology (NYSE:DFT) opened at 48.08 on Tuesday. DuPont Fabros Technology has a 52 week low of $37.54 and a 52 week high of $52.03. The company’s 50-day moving average is $48.97 and its 200 day moving average is $44.15. The stock has a market capitalization of $3.62 billion, a P/E ratio of 28.79 and a beta of 0.63.
DuPont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data on Thursday, February 23rd. The real estate investment trust reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. The firm had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $136.68 million. DuPont Fabros Technology had a net margin of 9.36% and a return on equity of 21.81%. The firm’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 EPS. On average, equities analysts forecast that DuPont Fabros Technology will post $1.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Monday, April 3rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.16%.
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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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