Dupont Fabros Technology Inc. (NYSE:DFT) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday. The brokerage currently has a $44.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $47.33. Robert W. Baird’s price objective suggests a potential upside of 4.22% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Stifel Nicolaus upgraded shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and dropped their target price for the stock from $45.00 to $43.00 in a report on Thursday, October 6th. They noted that the move was a valuation call. Jefferies Group reiterated a “hold” rating on shares of Dupont Fabros Technology in a 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 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 report on Friday, October 28th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.07.

Analyst Recommendations for Dupont Fabros Technology (NYSE:DFT)

Dupont Fabros Technology (NYSE:DFT) opened at 42.22 on Monday. The firm has a 50-day moving average price of $40.68 and a 200 day moving average price of $43.61. Dupont Fabros Technology has a one year low of $28.83 and a one year high of $48.97. The firm has a market capitalization of $3.18 billion, a P/E ratio of 305.94 and a beta of 0.62.

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

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In related news, Director Thomas D. Eckert acquired 5,000 shares of the stock in a transaction dated Monday, November 21st. The stock was bought at an average price of $39.72 per share, with a total value of $198,600.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of DFT. Vanguard Group Inc. increased its stake in shares of Dupont Fabros Technology by 7.2% in the second quarter. Vanguard Group Inc. now owns 12,682,278 shares of the real estate investment trust’s stock valued at $602,915,000 after buying an additional 846,555 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of Dupont Fabros Technology by 77.8% in the second quarter. Cohen & Steers Inc. now owns 6,736,296 shares of the real estate investment trust’s stock worth $320,244,000 after buying an additional 2,947,661 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its stake in shares of Dupont Fabros Technology by 13.1% in the third quarter. Lasalle Investment Management Securities LLC now owns 3,232,172 shares of the real estate investment trust’s stock worth $133,327,000 after buying an additional 373,443 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Dupont Fabros Technology by 3.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,777,768 shares of the real estate investment trust’s stock worth $114,583,000 after buying an additional 87,312 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of Dupont Fabros Technology by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,343,225 shares of the real estate investment trust’s stock worth $96,658,000 after buying an additional 139,719 shares in the last quarter.

Dupont Fabros Technology Company Profile

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

5 Day Chart for NYSE:DFT

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