Dupont Fabros Technology, Inc. (NYSE:DFT) Price Target Raised to $68.00

Dupont Fabros Technology, Inc. (NYSE:DFT) had its target price hoisted by Barclays PLC from $55.00 to $68.00 in a research report sent to investors on Tuesday morning. They currently have an overweight rating on the real estate investment trust’s stock.

DFT has been the topic of several other reports. Wells Fargo & Company restated a market perform rating on shares of Dupont Fabros Technology in a report on Monday, June 12th. ValuEngine upgraded shares of Dupont Fabros Technology from a hold rating to a buy rating in a report on Friday, June 2nd. Stifel Nicolaus lowered shares of Dupont Fabros Technology from a buy rating to a hold rating and reduced their price objective for the company from $57.00 to $54.00 in a report on Monday, April 24th. Royal Bank Of Canada restated a buy rating on shares of Dupont Fabros Technology in a report on Thursday, April 6th. Finally, UBS AG lowered shares of Dupont Fabros Technology from an outperform rating to a market perform rating in a report on Thursday, June 22nd. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $57.42.

Dupont Fabros Technology (NYSE DFT) traded up 0.15% during trading on Tuesday, hitting $60.61. 178,350 shares of the stock traded hands. The stock has a market cap of $4.70 billion, a P/E ratio of 34.56 and a beta of 0.68. The stock has a 50 day moving average price of $60.79 and a 200-day moving average price of $52.51. Dupont Fabros Technology has a 52-week low of $37.54 and a 52-week high of $66.18.

Dupont Fabros Technology (NYSE:DFT) last announced its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by $0.31. The firm had revenue of $139.48 million during the quarter, compared to analysts’ expectations of $139.24 million. Dupont Fabros Technology had a net margin of 30.25% and a return on equity of 22.94%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. On average, analysts anticipate that Dupont Fabros Technology will post $1.82 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, June 29th. Dupont Fabros Technology’s dividend payout ratio (DPR) is 113.64%.

Institutional investors have recently made changes to their positions in the stock. Spirit of America Management Corp NY increased its position in shares of Dupont Fabros Technology by 35.0% in the first quarter. Spirit of America Management Corp NY now owns 13,500 shares of the real estate investment trust’s stock worth $669,000 after buying an additional 3,500 shares during the period. LVM Capital Management Ltd. MI increased its position in shares of Dupont Fabros Technology by 1.7% in the first quarter. LVM Capital Management Ltd. MI now owns 374,965 shares of the real estate investment trust’s stock worth $18,595,000 after buying an additional 6,375 shares during the period. GW&K Investment Management LLC acquired a new position in shares of Dupont Fabros Technology during the first quarter worth about $203,000. Creative Planning increased its position 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 worth $198,000 after buying an additional 1,439 shares during the period. Finally, Copper Rock Capital Partners LLC increased its position in shares of Dupont Fabros Technology by 1.7% in the first quarter. Copper Rock Capital Partners LLC now owns 699,141 shares of the real estate investment trust’s stock worth $34,013,000 after buying an additional 11,758 shares during the period.

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.