Today: Robert W. Baird Upgraded Dupont Fabros Technology Inc. (DFT) to Outperform

Today: Robert W. Baird Upgraded Dupont Fabros Technology Inc. (DFT) to Outperform

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

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded 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 decreased their price objective for the company from $45.00 to $43.00 in a research note 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 note 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 price objective for the company from $48.00 to $49.00 in a research note 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 price objective for the company from $48.00 to $49.00 in a research note on Friday, October 28th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $47.07.

Shares of Dupont Fabros Technology (NYSE:DFT) opened at 41.38 on Monday. The stock has a 50 day moving average of $40.61 and a 200-day moving average of $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 capitalization of $3.11 billion, a PE ratio of 299.86 and a beta of 0.62.

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

In other Dupont Fabros Technology news, Director Thomas D. Eckert bought 5,000 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was acquired at an average price of $39.72 per share, with a total value of $198,600.00. Following the completion of the acquisition, the director now directly owns 36,309 shares of the company’s stock, valued at $1,442,193.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in 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 worth $1,330,000 after buying an additional 376 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake 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 worth $4,573,000 after buying an additional 46,761 shares in the last quarter. Adelante Capital Management LLC raised its stake 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 worth $41,724,000 after buying an additional 819,470 shares in the last quarter. Credit Suisse AG raised its stake 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 worth $13,740,000 after buying an additional 82,116 shares in the last quarter. Finally, Hillcrest Asset Management LLC raised its stake 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 worth $10,343,000 after buying an additional 3,410 shares in the last quarter.

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