Rating To Observe: Dupont Fabros Technology Inc (NYSE:DFT) Is a Stock Robert W. Baird Is Confident In; Firm Upgrades It

November 28, 2016 - By Marie Mckinney

Rating To Observe:  Dupont Fabros Technology Inc (NYSE:DFT) Is a Stock Robert W. Baird Is Confident In; Firm Upgrades It

Dupont Fabros Technology Inc (NYSE:DFT) Upgrade

In a an analyst report revealed to clients today, Robert W. Baird upgraded shares of Dupont Fabros Technology Inc (NYSE:DFT) to a “Outperform” rating from “Neutral” rating. The firm currently has a $44.00 PT on the stock. Robert W. Baird’s PT would suggest a potential upside of 5.57% from the stock’s last stock price.

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

Out of 11 analysts covering Dupont Fabros Tech (NYSE:DFT), 7 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 64% are positive. $52 is the highest target while $29.0 is the lowest. The $41.72 average target is 0.41% above today’s ($41.55) stock price. Dupont Fabros Tech has been the topic of 20 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, October 7 by Stifel Nicolaus. The firm earned “Hold” rating on Thursday, August 11 by Jefferies. On Friday, June 17 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was downgraded by Janney Capital on Friday, April 8 to “Neutral”. On Friday, October 28 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The stock has “Overweight” rating given by Barclays Capital on Tuesday, July 19. The firm has “Overweight” rating by Barclays Capital given on Tuesday, March 22. The stock of DuPont Fabros Technology, Inc. (NYSE:DFT) has “Outperform” rating given on Tuesday, August 11 by Robert W. Baird. The firm has “Buy” rating given on Tuesday, November 24 by Suntrust Robinson. The company was maintained on Friday, July 31 by RBC Capital Markets.

About 490,439 shares traded hands. DuPont Fabros Technology, Inc. (NYSE: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 EPS, up 22.95% or $0.14 from last year’s $0.61 per share. DFT’s profit will be $57.22M for 13.85 P/E if the $0.75 EPS becomes a reality. After $0.73 actual EPS 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.

Putnam Investments Limited Liability Corp has 36,129 shares for 0% of their US portfolio. Aperio Group Inc Llc, a California-based fund reported 34,950 shares. The Australia-based Macquarie Group has invested 0% in DuPont Fabros Technology, Inc. (NYSE:DFT). Citadel Advsrs Ltd Liability Co holds 584,208 shares or 0.03% of its portfolio. Lasalle Inv Management Secs Ltd Co has 2.86 million shares for 1.28% of their US portfolio. The New York-based Sg Americas Securities Ltd has invested 0.01% in DuPont Fabros Technology, Inc. (NYSE:DFT). Amp Investors last reported 0% of its portfolio in the stock. Moreover, Johnson Financial has 0.01% invested in DuPont Fabros Technology, Inc. (NYSE:DFT) for 1,125 shares. Naples Advsr Limited Company holds 0.24% of its portfolio in DuPont Fabros Technology, Inc. (NYSE:DFT) for 12,525 shares. First Tru Advsr Limited Partnership has 0.03% invested in the company for 203,091 shares. Moreover, Raymond James has 0.01% invested in DuPont Fabros Technology, Inc. (NYSE:DFT) for 19,199 shares. Strs Ohio, a Ohio-based fund reported 134,921 shares. Aew Cap Mngmt Lp owns 2.70M shares or 2.59% of their US portfolio. Everpoint Asset Mngmt Ltd Liability Corporation has invested 0.1% of its portfolio in DuPont Fabros Technology, Inc. (NYSE:DFT). Hillsdale Investment Management Incorporated has invested 0.12% of its portfolio in DuPont Fabros Technology, Inc. (NYSE:DFT).

Insider Transactions: Since June 8, 2016, the stock had 1 insider buy, and 4 selling transactions for $2.28 million net activity. On Wednesday, June 8 Eldredge Christopher P. sold $274,344 worth of the stock or 5,964 shares. The insider ECKERT THOMAS D bought $198,594. FOSTER JEFFREY H sold $639,590 worth of stock. Davis Scott A had sold 9,166 shares worth $417,271 on Monday, June 13. Shares for $1.15M were sold by Kenny Maria on Friday, June 10.

DuPont Fabros Technology, Inc. is a real estate investment trust (REIT). The company has a market cap of $3.17 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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