Cantor Fitzgerald Downgrades DuPont Fabros Technology (DFT) to Hold; Less Data Needed
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Price: $25.53 -1.24%
Rating Summary:
5 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
5 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade DFT Now!
Cantor Fitzgerald downgraded DuPont Fabros Technology (NYSE: DFT) from Buy to Hold with a price target of $29.50.
Analyst, David Toti, said, "We continue to support the thesis that demand for data center space should remain intact. We also assume a 24-month lease-up period for DuPont's assets, with the exception of NJ1. The stock has had a YTD run, however, suggesting that at current levels, shares are fully priced--as implied by our total implied return of 5.5% (3.5% price + 2.0% dividend yield), which falls more or less in-line with our overall REIT return expectations of 1.3-6.2%. While there remains the potential for future value creation via the development and leasing of wholesale data center assets, the current share price likely factors in this NPV."
For an analyst ratings summary and ratings history on DuPont Fabros Technology click here. For more ratings news on DuPont Fabros Technology click here.
Shares of DuPont Fabros Technology closed at $28.49 yesterday, with a 52 week range of $18.62-$29.00.
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Analyst, David Toti, said, "We continue to support the thesis that demand for data center space should remain intact. We also assume a 24-month lease-up period for DuPont's assets, with the exception of NJ1. The stock has had a YTD run, however, suggesting that at current levels, shares are fully priced--as implied by our total implied return of 5.5% (3.5% price + 2.0% dividend yield), which falls more or less in-line with our overall REIT return expectations of 1.3-6.2%. While there remains the potential for future value creation via the development and leasing of wholesale data center assets, the current share price likely factors in this NPV."
For an analyst ratings summary and ratings history on DuPont Fabros Technology click here. For more ratings news on DuPont Fabros Technology click here.
Shares of DuPont Fabros Technology closed at $28.49 yesterday, with a 52 week range of $18.62-$29.00.
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