Today: Today: Dupont Fabros Technology Inc. (DFT) Rating Increased to Outperform at Robert W. Baird

Today: Dupont Fabros Technology Inc. (DFT) Rating Increased to Outperform at Robert W. Baird

Dupont Fabros Technology Inc. (NYSE:DFT) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $44.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price objective points to a potential upside of 6.33% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. Stifel Nicolaus upgraded shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and cut their target price for the stock from $45.00 to $43.00 in a research report on Thursday, October 6th. They noted that the move was a valuation call. Jefferies Group restated a “hold” rating on shares of Dupont Fabros Technology in a research report on Monday, August 22nd. Royal Bank Of Canada upgraded shares of Dupont Fabros Technology from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $48.00 to $49.00 in a research report on Friday, October 28th. Finally, RBC Capital Markets upgraded shares of Dupont Fabros Technology from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $48.00 to $49.00 in a research report on Friday, October 28th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $47.07.

Dupont Fabros Technology (NYSE:DFT) opened at 41.38 on Monday. The company’s 50 day moving average is $40.61 and its 200-day moving average is $43.59. Dupont Fabros Technology has a 52-week low of $28.83 and a 52-week high of $48.97. The stock has a market cap of $3.11 billion, a PE ratio of 299.86 and a beta of 0.62.

Dupont Fabros Technology (NYSE:DFT) last announced its earnings results on Thursday, October 27th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.73. The company earned $134.33 million during the quarter, compared to analysts’ expectations of $131.90 million. Dupont Fabros Technology had a net margin of 9.36% and a return on equity of 21.81%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. On average, equities analysts anticipate that Dupont Fabros Technology will post $2.79 earnings per share for the current year.

In other Dupont Fabros Technology news, Director Thomas D. Eckert acquired 5,000 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was bought at an average cost of $39.72 per share, for a total transaction of $198,600.00. Following the completion of the purchase, the director now directly owns 36,309 shares in the company, valued at $1,442,193.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DFT. Price T Rowe Associates Inc. MD increased its position in shares of Dupont Fabros Technology by 1.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 32,240 shares of the real estate investment trust’s stock valued at $1,330,000 after buying an additional 376 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in shares of Dupont Fabros Technology by 72.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 110,883 shares of the real estate investment trust’s stock valued at $4,573,000 after buying an additional 46,761 shares during the period. Adelante Capital Management LLC increased its position in shares of Dupont Fabros Technology by 426.7% in the third quarter. Adelante Capital Management LLC now owns 1,011,509 shares of the real estate investment trust’s stock valued at $41,724,000 after buying an additional 819,470 shares during the period. Credit Suisse AG increased its position in shares of Dupont Fabros Technology by 32.7% in the third quarter. Credit Suisse AG now owns 333,095 shares of the real estate investment trust’s stock valued at $13,740,000 after buying an additional 82,116 shares during the period. Finally, Hillcrest Asset Management LLC increased its position in shares of Dupont Fabros Technology by 1.4% in the third quarter. Hillcrest Asset Management LLC now owns 250,736 shares of the real estate investment trust’s stock valued at $10,343,000 after buying an additional 3,410 shares during the period.

Dupont Fabros Technology Company Profile

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