KeyBanc Downgrades DuPont Fabros Technology (DFT) to Hold

KeyBanc downgraded DuPont Fabros Technology (NYSE: DFT) from Buy to Hold.

Analyst JOrdan Sadler said, "We maintain our MARKETWEIGHT weighting on the Data Center REIT vertical into ’15; while fundamentals clearly improved throughout ’14 on the heels of solid tenant demand, we believe that supply conditions are currently balanced, with rent growth held back by the prospects of increased competition and short lead-time new construction. We prefer investors to remain tactical within the space, continuing to favor names that have the most upside from lease-up and incremental investment, i.e., BUY-rated COR ($40PT) and QTS ($36PT). Meanwhile, we reduce our rating on DFT from Buy to HOLD, largely around valuation, though also acknowledge uncertainty around its extended management transition."

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 $33.57 yesterday.

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