Newest Rating: Does Dupont Fabros Tech (DFT) Look Good? Robert W. Baird Upgrades It

November 28, 2016 - By Louis Casey

Newest Rating:  Does Dupont Fabros Tech (DFT) Look Good? Robert W. Baird Upgrades It

Dupont Fabros Tech (DFT) Upgrade

Robert W. Baird boosted the shares of Dupont Fabros Tech (DFT) from a Neutral rating to Outperform rating in a analysts report sent to investors and clients on Monday, 28 November. The broker now has $44.0 price target on the stock.

DuPont Fabros Technology, Inc. (NYSE:DFT) Ratings Coverage

Out of 3 analysts covering Dupont Fabros Tech (DFT), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $49.0 is the highest target while $43.0 is the lowest. The $46 average target is 11.16% above today’s ($41.38) stock price. Dupont Fabros Tech has been the topic of 3 analyst reports since September 14, 2016 according to StockzIntelligence Inc. The rating was upgraded by Stifel Nicolaus to “Buy” on Friday, October 7. Raymond James upgraded the stock to “Outperform” rating in Wednesday, September 14 report. The stock has “Outperform” rating given by RBC Capital Markets on Friday, October 28.

The stock increased 0.93% or $0.38 on November 25, hitting $41.38. DuPont Fabros Technology, Inc. (DFT) has risen 1.82% since April 25, 2016 and is uptrending. It has underperformed by 4.19% the S&P500.

Analysts await DuPont Fabros Technology, Inc. (NYSE:DFT) to report earnings on February, 2. They expect $0.75 earnings per share, up 22.95% or $0.14 from last year’s $0.61 per share. DFT’s profit will be $57.27 million for 13.79 P/E if the $0.75 EPS becomes a reality. After $0.73 actual earnings per share reported by DuPont Fabros Technology, Inc. for the previous quarter, Wall Street now forecasts 2.74% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.13, from 1.37 in 2016Q1. The ratio improved, as 21 funds sold all DuPont Fabros Technology, Inc. shares owned while 77 reduced positions. 47 funds bought stakes while 87 increased positions. They now own 73.00 million shares or 0.81% more from 72.41 million shares in 2016Q1.

Cetera Advsrs Ltd Liability Company has 7,575 shares for 0.03% of their US portfolio. Pensionfund Dsm Netherlands owns 14,000 shares or 0.09% of their US portfolio. Shinko Asset Management Comm Ltd has 5,700 shares for 0% of their US portfolio. Moreover, State Board Of Administration Of Florida Retirement System has 0.01% invested in DuPont Fabros Technology, Inc. (NYSE:DFT) for 49,656 shares. Financial Bank Of Mellon Corp accumulated 0.01% or 973,429 shares. Fmr Ltd Liability Company accumulated 1.26M shares or 0.01% of the stock. Royal State Bank Of Canada accumulated 174,926 shares or 0.01% of the stock. Moreover, Schwab Charles Inv Mgmt has 0.03% invested in DuPont Fabros Technology, Inc. (NYSE:DFT) for 575,738 shares. Thompson Siegel & Walmsley Lc reported 3,025 shares or 0% of all its holdings. Vanguard Grp Inc Incorporated owns 12.68 million shares or 0.04% of their US portfolio. Millennium Mgmt Lc has invested 0.05% of its portfolio in DuPont Fabros Technology, Inc. (NYSE:DFT). Wolverine Asset Management Limited Co reported 7,916 shares or 0.01% of all its holdings. Nomura has invested 0.13% of its portfolio in DuPont Fabros Technology, Inc. (NYSE:DFT). Proshare Advisors Ltd Liability Company holds 28,332 shares or 0.02% of its portfolio. Pioneer Mgmt has 136,900 shares for 0.02% of their US portfolio.

Insider Transactions: Since June 8, 2016, the stock had 1 insider purchase, and 4 sales for $2.28 million net activity. Kenny Maria had sold 25,000 shares worth $1.15 million. $639,590 worth of DuPont Fabros Technology, Inc. (NYSE:DFT) shares were sold by FOSTER JEFFREY H. The insider ECKERT THOMAS D bought $198,594. Davis Scott A sold $417,271 worth of stock or 9,166 shares. Eldredge Christopher P. sold 5,964 shares worth $274,344.

DuPont Fabros Technology, Inc. is a real estate investment trust (REIT). The company has a market cap of $3.16 billion. The Firm is a self-administered and self-managed firm that owns, acquires, develops and operates wholesale data centers. It currently has negative earnings. The Company’s clients 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.

According to Zacks Investment Research, “DuPont Fabros Technology, Inc. is a leading owner, developer, operator and manager of wholesale data centers and a real estate investment trust. The Company’s data centers are highly specialized, secure facilities used primarily by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes. DuPont Fabros Technology is headquartered in Washington, DC.”

DFT Company Profile

DuPont Fabros Technology, Inc. (DFT), incorporated on March 1, 2007, is a real estate investment trust (REIT). The Firm is a self-administered and self-managed firm that owns, acquires, develops and operates wholesale data centers. The Company’s clients 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. The Company’s data centers are located in four population centers: Northern Virginia; suburban Chicago, Illinois; Piscataway, New Jersey, and Santa Clara, California. The Firm owns various properties, including approximately 10 operating data centers facilities; over three phases of existing data center facilities under development; approximately two data center facilities with phases that are available for future development, and over three parcels of land held for future development of data centers.

More notable recent DuPont Fabros Technology, Inc. (NYSE:DFT) news were published by: Globenewswire.com which released: “DuPont Fabros Technology, Inc. Announces Participation in Upcoming Investor …” on October 31, 2016, also Globenewswire.com with their article: “DuPont Fabros Technology, Inc. Announces Purchase of Shell Building in the …” published on October 27, 2016, Globenewswire.com published: “DuPont Fabros Technology, Inc. Announces Sale of NJ1 Data Center Facility” on June 06, 2016. More interesting news about DuPont Fabros Technology, Inc. (NYSE:DFT) were released by: Prnewswire.com and their article: “DuPont Fabros Technology, Inc. Names Brian Doricko Senior Vice President And …” published on November 17, 2015 as well as Prnewswire.com‘s news article titled: “DuPont Fabros Technology, Inc. Names Robert S. O’Keefe As Senior Vice …” with publication date: November 02, 2015.

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