Dupont Fabros Technology, Inc. (DFT) Rating Lowered to Buy at BidaskClub

Dupont Fabros Technology, Inc. (NYSE:DFT) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday, August 8th.

Several other research analysts have also recently commented on the company. TheStreet cut Dupont Fabros Technology from a “b” rating to a “c+” rating in a research note on Monday, July 31st. Royal Bank Of Canada cut Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and set a $62.00 target price for the company. in a research note on Monday, July 31st. Cowen and Company reissued a “buy” rating and set a $59.00 target price on shares of Dupont Fabros Technology in a research note on Friday, July 21st. Stifel Nicolaus reissued a “hold” rating and set a $64.00 target price on shares of Dupont Fabros Technology in a research note on Friday, July 21st. Finally, Barclays PLC boosted their target price on Dupont Fabros Technology from $55.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $57.63.

Shares of Dupont Fabros Technology (NYSE:DFT) opened at 62.29 on Tuesday. The firm has a market capitalization of $4.83 billion, a P/E ratio of 37.94 and a beta of 0.68. Dupont Fabros Technology has a 52-week low of $37.54 and a 52-week high of $66.18. The company’s 50-day moving average is $61.33 and its 200 day moving average is $54.66.

Dupont Fabros Technology (NYSE:DFT) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by $0.39. Dupont Fabros Technology had a net margin of 26.05% and a return on equity of 19.58%. The business had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $141.48 million. During the same quarter in the prior year, the firm earned $0.64 EPS. Dupont Fabros Technology’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts expect that Dupont Fabros Technology will post $1.80 EPS for the current fiscal year.

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In other Dupont Fabros Technology news, Chairman Pont Lammot J. Du sold 296,185 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $61.48, for a total transaction of $18,209,453.80. Following the completion of the sale, the chairman now directly owns 215,673 shares of the company’s stock, valued at approximately $13,259,576.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Kenny sold 149,910 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $61.49, for a total value of $9,217,965.90. Following the sale, the executive vice president now directly owns 122,638 shares of the company’s stock, valued at $7,541,010.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 776,397 shares of company stock valued at $48,101,649. 5.60% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. WFG Advisors LP acquired a new position in Dupont Fabros Technology during the second quarter valued at about $318,000. Public Employees Retirement System of Ohio boosted its position in Dupont Fabros Technology by 67.0% in the second quarter. Public Employees Retirement System of Ohio now owns 180,324 shares of the real estate investment trust’s stock valued at $11,029,000 after buying an additional 72,346 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Dupont Fabros Technology by 0.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,635 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 72 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its position in Dupont Fabros Technology by 142.1% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,385 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 1,400 shares during the last quarter. Finally, CNH Partners LLC acquired a new position in Dupont Fabros Technology during the second quarter valued at about $190,756,000.

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.

Analyst Recommendations for Dupont Fabros Technology (NYSE:DFT)

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