Dupont Fabros Technology, Inc. (NYSE:DFT).
On June 12 the company was downgraded to “Sector Perform” from “Outperform” in an announcement from Baird. On December 8, 2016 the stock rating was rated “Buy” by Citigroup a boost from the previous “Outperform” rating.
Guggenheim initiated coverage on the stock setting a rating of “Neutral”. On November 28 the stock rating was upgraded from “Neutral” to “Outperform” by Baird.
On October 28 the company was changed to a “Outperform” according to a RBC Capital report which is up from the previous “” rating.
The company is up from yesterday’s close of $55.36. The company recently announced a dividend that was paid on Monday April 17th, 2017. The dividend payment was $0.500 per share for the quarter or $2.00 on an annualized basis. This dividend amount represented a yeild of $3.29. The ex-dividend date was Thursday the 30th of March 2017.
Shares of the company are trading at $60.80 which is just over the 50 day moving average of $52.86 and which is a tad above the 200 day moving average of $48.55. The 50 day moving average was up $7.94 and the 200 day average was up $12.25.
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..
The company’s P/E ratio is 34.66 and market cap is 4.71B. In the latest earnings report the EPS was $1.75 and is expected to be $1.82 for the current year with 77,483,000 shares outstanding. Next quarter’s EPS is expected be $0.45 with next year’s EPS anticipated to be $2.00.