Dupont Fabros Technology Inc. (NYSE:DFT) issued an update on its FY16 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.76-2.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.79. The company issued revenue guidance of $510-520 million, compared to the consensus revenue estimate of $519.97 million.
Dupont Fabros Technology Inc. (NYSE:DFT) opened at 42.99 on Tuesday. The firm’s 50-day moving average is $44.02 and its 200-day moving average is $43.66. The stock has a market cap of $3.23 billion, a P/E ratio of 10747.50 and a beta of 0.73. Dupont Fabros Technology Inc. has a 52-week low of $24.97 and a 52-week high of $48.97.
Dupont Fabros Technology (NYSE:DFT) last announced its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.01. The firm had revenue of $128.54 million for the quarter, compared to analyst estimates of $127.15 million. Dupont Fabros Technology had a net margin of 7.67% and a return on equity of 20.26%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. Equities research analysts predict that Dupont Fabros Technology Inc. will post $2.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, October 7th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 4.37%. Dupont Fabros Technology’s payout ratio is -2,349.71%.
A number of research firms have commented on DFT. Zacks Investment Research raised shares of Dupont Fabros Technology from a hold rating to a buy rating and set a $48.00 target price on the stock in a research report on Friday, September 16th. Raymond James Financial Inc. raised shares of Dupont Fabros Technology from a market perform rating to an outperform rating and set a $47.00 target price on the stock in a research report on Wednesday, September 14th. Jefferies Group reaffirmed a hold rating on shares of Dupont Fabros Technology in a research report on Tuesday, September 13th. Barclays PLC upped their target price on shares of Dupont Fabros Technology from $52.00 to $55.00 and gave the company an overweight rating in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Dupont Fabros Technology from $64.00 to $69.00 and gave the company a neutral rating in a research report on Wednesday, July 27th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $46.20.
Hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. purchased a new stake in Dupont Fabros Technology during the second quarter worth $109,000. Ameritas Investment Partners Inc. purchased a new stake in Dupont Fabros Technology during the second quarter worth $276,000. Profund Advisors LLC raised its stake in Dupont Fabros Technology by 12.9% in the second quarter. Profund Advisors LLC now owns 6,288 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 719 shares during the last quarter. Algert Global LLC purchased a new stake in Dupont Fabros Technology during the second quarter worth $513,000. Finally, Hsbc Holdings PLC raised its stake in Dupont Fabros Technology by 9.3% in the second quarter. Hsbc Holdings PLC now owns 11,998 shares of the real estate investment trust’s stock worth $570,000 after buying an additional 1,017 shares during the last quarter. Hedge funds and other institutional investors own 98.13% of the company’s stock.
Dupont Fabros Technology Company Profile
DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company is a self-administered and self-managed company that owns, acquires, develops and operates wholesale data centers. The Company’s customers 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.
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