Stock Rating Runner: What To Expect After Dupont Fabros Tech (NYSE:DFT)’s Upgrade Rating From Robert W. Baird? The TP Given is $44

November 28, 2016 - By Ruchi Gupta

Stock Rating Runner:  What To Expect After Dupont Fabros Tech (NYSE:DFT)'s Upgrade Rating From Robert W. Baird? The TP Given is $44

Dupont Fabros Tech (NYSE:DFT) Upgrade

Robert W. Baird boosted shares of Dupont Fabros Tech (NYSE:DFT) from a “Neutral” rating to a “Outperform” rating in a analysts report revealed on Monday morning. The firm from today has $44 TP on the stock.

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 0.82% above today’s ($41.38) stock price. Dupont Fabros Tech has been the topic of 20 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, August 11 by Robert W. Baird. On Thursday, August 11 the stock rating was maintained by Jefferies with “Hold”. The firm has “Hold” rating given on Thursday, November 12 by BB&T Capital. Suntrust Robinson initiated the shares of DFT in a report on Tuesday, November 24 with “Buy” rating. The firm has “Outperform” rating given on Friday, July 31 by RBC Capital Markets. RBC Capital Markets upgraded it to “Outperform” rating and $49 target price in Friday, October 28 report. The stock has “Buy” rating given by SunTrust on Tuesday, November 24. The rating was upgraded by Raymond James to “Outperform” on Wednesday, September 14. On Friday, June 17 the stock rating was maintained by Barclays Capital with “Overweight”. Barclays Capital maintained DuPont Fabros Technology, Inc. (NYSE:DFT) rating on Tuesday, March 22. Barclays Capital has “Overweight” rating and $45 price target.

The stock increased 0.93% or $0.38 on November 25, hitting $41.38. 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 $57.27 million for 13.79 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 is positive, 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.

Btim Corp has 0.77% invested in the company for 950,084 shares. Moreover, Ameriprise Financial has 0.02% invested in DuPont Fabros Technology, Inc. (NYSE:DFT) for 880,350 shares. The Pennsylvania-based Pnc Grp has invested 0% in DuPont Fabros Technology, Inc. (NYSE:DFT). Spirit Of America, a New York-based fund reported 10,000 shares. Employees Retirement Sys Of Texas last reported 52,000 shares in the company. Proshare Advsr Limited Liability Company last reported 0.02% of its portfolio in the stock. Moreover, Amalgamated Bank has 0.02% invested in DuPont Fabros Technology, Inc. (NYSE:DFT) for 7,884 shares. Convergence Inv Prns Limited Liability Corporation has 55,248 shares for 0.36% of their US portfolio. Ameritas Investment Partners holds 5,815 shares or 0.02% of its portfolio. Clearbridge Investments Ltd last reported 291,690 shares in the company. Lord Abbett Co Ltd Llc has 0.04% invested in the company for 239,953 shares. The Alaska-based State Of Alaska Department Of Revenue has invested 0.15% in DuPont Fabros Technology, Inc. (NYSE:DFT). Hanseatic Mngmt Services reported 444 shares or 0.01% of all its holdings. Alphamark Lc, a Kentucky-based fund reported 14,300 shares. Natl Bank Of America Corp De owns 2.26 million shares or 0.02% of their US portfolio.

Insider Transactions: Since June 8, 2016, the stock had 1 buying transaction, and 4 sales for $2.28 million net activity. Kenny Maria sold $1.15M worth of stock. Another trade for 9,166 shares valued at $417,271 was sold by Davis Scott A. Eldredge Christopher P. had sold 5,964 shares worth $274,344 on Wednesday, June 8. ECKERT THOMAS D bought 5,000 shares worth $198,594. On Wednesday, June 15 the insider FOSTER JEFFREY H sold $639,590.

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 Purchase of Shell Building in the …” on October 27, 2016, also Globenewswire.com with their article: “DuPont Fabros Technology, Inc. Announces Sale of NJ1 Data Center Facility” published on June 06, 2016, Prnewswire.com published: “DuPont Fabros Technology, Inc. Names Brian Doricko Senior Vice President And …” on November 17, 2015. More interesting news about DuPont Fabros Technology, Inc. (NYSE:DFT) were released by: Prnewswire.com and their article: “DuPont Fabros Technology, Inc. Names Robert S. O’Keefe As Senior Vice …” published on November 02, 2015 as well as Globenewswire.com‘s news article titled: “DuPont Fabros Technology, Inc. Announces Redemption of 7.625% Series B …” with publication date: June 07, 2016.

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