BidaskClub upgraded shares of Dupont Fabros Technology, Inc. (NYSE:DFT) from a buy rating to a strong-buy rating in a research report released on Friday.

Other research analysts have also recently issued research reports about the company. UBS AG cut Dupont Fabros Technology from an outperform rating to a market perform rating in a research report on Thursday, June 22nd. Royal Bank Of Canada cut Dupont Fabros Technology from an outperform rating to a sector perform rating and increased their price objective for the stock from $59.00 to $62.00 in a research report on Monday, June 12th. They noted that the move was a valuation call. Robert W. Baird cut Dupont Fabros Technology from an outperform rating to a neutral rating and increased their price objective for the stock from $53.00 to $63.00 in a research report on Monday, June 12th. Raymond James Financial, Inc. reiterated a market perform rating on shares of Dupont Fabros Technology in a research report on Thursday, June 22nd. Finally, Zacks Investment Research upgraded Dupont Fabros Technology from a sell rating to a hold rating in a research report on Monday, May 1st. Eleven analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Dupont Fabros Technology presently has an average rating of Hold and an average price target of $57.63.

Dupont Fabros Technology (NYSE DFT) opened at 64.11 on Friday. The firm’s 50-day moving average is $61.76 and its 200-day moving average is $55.23. Dupont Fabros Technology has a 1-year low of $37.54 and a 1-year high of $66.18. The company has a market capitalization of $4.97 billion, a P/E ratio of 39.04 and a beta of 0.68.

Dupont Fabros Technology (NYSE:DFT) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by $0.39. Dupont Fabros Technology had a net margin of 26.05% and a return on equity of 19.58%. The business had revenue of $140.70 million during the quarter, compared to the consensus estimate of $141.48 million. During the same quarter last year, the company posted $0.64 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Equities research analysts predict that Dupont Fabros Technology will post $1.77 EPS for the current year.

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In related news, CFO Jeffrey H. Foster sold 64,843 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $61.49, for a total value of $3,987,196.07. Following the transaction, the chief financial officer now owns 40,447 shares in the company, valued at $2,487,086.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederic V. Malek sold 17,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $64.07, for a total value of $1,089,190.00. Following the completion of the transaction, the director now owns 84,775 shares in the company, valued at approximately $5,431,534.25. The disclosure for this sale can be found here. Insiders sold 793,397 shares of company stock worth $49,190,839 in the last 90 days. 5.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Credit Agricole S A boosted its position in shares of Dupont Fabros Technology by 58.7% in the first quarter. Credit Agricole S A now owns 327,700 shares of the real estate investment trust’s stock worth $16,251,000 after buying an additional 121,189 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Dupont Fabros Technology by 22.2% in the first quarter. Pacer Advisors Inc. now owns 10,807 shares of the real estate investment trust’s stock worth $536,000 after buying an additional 1,965 shares during the last quarter. Fagan Associates Inc. boosted its position in shares of Dupont Fabros Technology by 5.6% in the first quarter. Fagan Associates Inc. now owns 16,026 shares of the real estate investment trust’s stock worth $795,000 after buying an additional 852 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Dupont Fabros Technology by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,031,041 shares of the real estate investment trust’s stock worth $51,127,000 after buying an additional 38,489 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Dupont Fabros Technology by 6.9% in the first quarter. Principal Financial Group Inc. now owns 15,638 shares of the real estate investment trust’s stock worth $775,000 after buying an additional 1,003 shares during the last quarter.

About Dupont Fabros Technology

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

Analyst Recommendations for Dupont Fabros Technology (NYSE:DFT)

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