DuPont Fabros Technology’s (DFT) Buy Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reissued their buy rating on shares of DuPont Fabros Technology, Inc. (NYSE:DFT) in a research report report published on Thursday morning.

A number of other research analysts have also recently issued reports on DFT. Citigroup Inc raised shares of DuPont Fabros Technology from a neutral rating to a buy rating and set a $42.50 price target for the company in a report on Thursday, December 8th. Zacks Investment Research cut shares of DuPont Fabros Technology from a buy rating to a hold rating in a report on Friday, January 6th. Barclays PLC reaffirmed an overweight rating and issued a $50.00 price target (down previously from $52.00) on shares of DuPont Fabros Technology in a report on Monday, January 23rd. Stifel Nicolaus reaffirmed a buy rating and issued a $57.00 price target (up previously from $48.00) on shares of DuPont Fabros Technology in a report on Friday, February 24th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $54.00 price target (up previously from $47.00) on shares of DuPont Fabros Technology in a report on Monday, February 27th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $52.68.

DuPont Fabros Technology (NYSE:DFT) traded down 1.13% during trading on Thursday, hitting $51.43. 206,172 shares of the stock traded hands. The firm has a market cap of $3.88 billion, a PE ratio of 30.80 and a beta of 0.63. DuPont Fabros Technology has a 12 month low of $37.54 and a 12 month high of $52.15. The firm has a 50-day moving average price of $49.38 and a 200 day moving average price of $45.32.

DuPont Fabros Technology (NYSE:DFT) last posted its quarterly earnings results on Thursday, February 23rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. The business earned $141.70 million during 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 business’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. On average, equities analysts forecast that DuPont Fabros Technology will post $1.85 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Monday, April 3rd were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.84%.

Several hedge funds have recently made changes to their positions in DFT. Fortaleza Asset Management Inc. bought a new stake in shares of DuPont Fabros Technology during the fourth quarter valued at about $100,000. Thompson Siegel & Walmsley LLC raised its stake in shares of DuPont Fabros Technology by 3.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,304 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 79 shares during the period. Creative Planning raised its stake in shares of DuPont Fabros Technology by 56.4% in the first quarter. Creative Planning now owns 3,990 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 1,439 shares during the period. Catawba Capital Management VA bought a new stake in shares of DuPont Fabros Technology during the first quarter valued at about $200,000. Finally, GW&K Investment Management LLC bought a new stake in shares of DuPont Fabros Technology during the first quarter valued at about $203,000.

DuPont Fabros Technology Company Profile

DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company owns, acquires, develops and operates wholesale data centers. The Company’s customers include national and international enterprises across various industries, such as technology, Internet, content providers, cloud providers, media, communications, healthcare and financial services.

5 Day Chart for NYSE:DFT

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