Dupont Fabros Technology, Inc. (NYSE:DFT):
DUPONT FABROS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of DuPont Fabros Technology, Inc..
The company is up by 1.50 percent from yesterday’s close.
Dupont Fabros Technology, Inc. recently declared a dividend paid on Monday the 17th of April 2017. The dividend was $0.500 per share for the quarter which is $2.00 annualized. This dividend represents a yield of $3.29. The ex-dividend date was Thursday the 30th of March 2017.
DuPont Fabros Technology, Inc. (DFT), launched on March 1, 2007, is a real estate investment trust (REIT). The Company owns, acquires, develops and operates wholesale data centers. The Business’s customers include national and international enterprises across various industries, such as technology, Internet, content providers, cloud providers, media, communications, healthcare and financial services. Its data centers are located in four population centers: Northern Virginia; suburban Chicago, Illinois; Piscataway, New Jersey, and Santa Clara, California. As of December 31, 2016, the Company owned various properties, including 11 operating data centers facilities; five phases of existing data center facilities under development; one shell of a data center under development; two data center facilities with a phase or phases available for development, and parcels of land held for development of four data centers..
It is currently trading at $61.71 which is marginally higher than $52.86, the 50 day moving average and marginally over the 200 day moving average of $48.55. The 50 day moving average went up $8.85 or +16.74% and the 200 day average moved up $13.16.
The most current P/E ratio is 35.18 and the market cap is 4.78B. As of the last earnings report the EPS was $1.75 and is projected to be $1.82 for the current year with 77,483,000 shares outstanding. Next quarter’s EPS is expected be $0.45 and the next full year EPS is anticipated to be $2.00.
Brokerage analysts have released ratings on the stock recently. On June 12, 2017 the stock rating was rated “Sector Perform” according to a RBC Capital report a cut from the previous “Outperform” rating. On June 12 the stock rating was downgraded to “Sector Perform” from “Outperform” in an announcement from Baird.
On December 8 the company was set at “Buy” by Citigroup which was a boost from the previous “Outperform” rating. On December 2, 2016 Guggenheim added DFT to its research portfolio giving it an initial rating of “Neutral”.
On November 28 the company was upgraded from “Neutral” to “Outperform” in a report issued by Baird. On October 28 the stock rating was upgraded to “Outperform” from “” in a report from RBC Capital.