Rating Watching: Will Baird Upgrade Harm Dupont Fabros Technology (NYSE:DFT) Stock Price Today?

November 28, 2016 - By Adrian Mccoy

Rating Watching:  Will Baird Upgrade Harm Dupont Fabros Technology (NYSE:DFT) Stock Price Today?

Dupont Fabros Technology (NYSE:DFT) Upgrade

Baird gave Dupont Fabros Technology (NYSE:DFT) shares a new “Outperform” rating in a an analyst report made public on Monday morning. This is upgrade from the last “Neutral” rating.

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 0.07% above today’s ($41.69) stock price. Dupont Fabros Tech has been the topic of 20 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, July 19 report. The stock of DuPont Fabros Technology, Inc. (NYSE:DFT) has “Outperform” rating given on Friday, October 28 by RBC Capital Markets. Barclays Capital maintained the shares of DFT in a report on Tuesday, March 22 with “Overweight” rating. The firm has “Buy” rating by SunTrust given on Tuesday, November 24. On Friday, April 8 the stock rating was downgraded by Janney Capital to “Neutral”. RBC Capital Markets maintained DuPont Fabros Technology, Inc. (NYSE:DFT) rating on Friday, July 31. RBC Capital Markets has “Outperform” rating and $34 price target. The company was maintained on Thursday, August 11 by Jefferies. Jefferies maintained it with “Hold” rating and $44 target price in Monday, May 16 report. The firm has “Buy” rating given on Friday, October 7 by Stifel Nicolaus. On Wednesday, September 14 the stock rating was upgraded by Raymond James to “Outperform”.

About 308,843 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 earnings per share, up 22.95% or $0.14 from last year’s $0.61 per share. DFT’s profit will be $57.21M for 13.90 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 2016 Q2. Its up 0.13, from 1.37 in 2016Q1. The ratio increased, 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.

Great West Life Assurance Can, a Manitoba – Canada-based fund reported 24,455 shares. Creative Planning last reported 1,689 shares in the company. Amica Retiree Medical Tru accumulated 623 shares or 0.03% of the stock. Tiaa Cref Investment Mgmt Limited Liability Company holds 289,514 shares or 0.01% of its portfolio. Hancock Holdings Company holds 0.01% of its portfolio in DuPont Fabros Technology, Inc. (NYSE:DFT) for 4,980 shares. Polaris Cap Limited Co accumulated 49,205 shares or 0.2% of the stock. California State Teachers Retirement Systems accumulated 156,698 shares or 0.02% of the stock. Fisher Asset Limited Liability Co owns 1.31 million shares or 0.12% of their US portfolio. Fagan Assocs Inc reported 9,770 shares or 0.3% of all its holdings. Legal And General Plc reported 167,806 shares or 0.01% of all its holdings. Lasalle Inv Mngmt Securities Ltd Liability Company owns 2.86M shares or 1.28% of their US portfolio. Envestnet Asset accumulated 0% or 14,675 shares. Moreover, Checchi Cap Advisers Ltd has 0% invested in DuPont Fabros Technology, Inc. (NYSE:DFT) for 631 shares. Blackrock Group Ltd accumulated 0.01% or 494,174 shares. Moreover, Jane Street Gru Ltd Llc has 0.01% invested in DuPont Fabros Technology, Inc. (NYSE:DFT) for 45,538 shares.

Insider Transactions: Since June 8, 2016, the stock had 1 insider buy, and 4 sales for $2.28 million net activity. The insider Eldredge Christopher P. sold $274,344. 25,000 shares were sold by Kenny Maria, worth $1.15M. The insider FOSTER JEFFREY H sold $639,590. Davis Scott A also sold $417,271 worth of DuPont Fabros Technology, Inc. (NYSE:DFT) on Monday, June 13. 5,000 DuPont Fabros Technology, Inc. (NYSE:DFT) shares with value of $198,594 were bought by ECKERT THOMAS D.

DuPont Fabros Technology, Inc. is a real estate investment trust (REIT). The company has a market cap of $3.18 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>