Analysts Downgrade: DuPont Fabros Technology, Inc

DuPont Fabros Technology, Inc. (NYSE:DFT) received a stock rating downgrade from Citigroup on Apr-04-16. In a note to investors, the firm issued a Neutral rating. The analysts previously had a Buy rating on the stock.


The 52-week price range is $23.84-$41.60 and the company has a market capitalization of $2.97 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 8 has assigned a hold rating, 0 says it’s a buy, and 4 have assigned a strong buy rating to the company.


DuPont Fabros Technology, Inc. (DFT) on April 4, 2016 announced that the Company will release its first quarter 2016 operating results on Thursday, April 28, 2016 before the market opens and host a conference call on the same day at 11:00 a.m. ET to discuss those results.


The conference call will be accessible by telephone and through the Internet. Telephone access will be available by dialing toll-free 1-877-662-0063 (domestic) or 1-503-406-4459 (international) and entering the conference ID 83040887. Investors are encouraged to listen to the audio webcast of the call available through the Investor Relations section of the Company’s web site at http://www.dft.com. Listeners utilizing the internet portal are encouraged to log on approximately 15 minutes prior to the presentation to register or download any necessary software.


For those unable to listen to the call live, a taped rebroadcast will be available beginning one hour after completion of the live call through May 5, 2016. To access the rebroadcast dial toll-free 1-855-859-2056 (domestic) or 1-404-537-3406 (international). A replay of the webcast will be archived on the Company’s web site.


DuPont Fabros Technology, Inc., a real estate investment trust (REIT), engages in the ownership, acquisition, development, operation, management, and lease of large-scale data center facilities in the United States. The company leases its data centers to the American and international technology companies to house, power, and cool the computer servers that support their critical business processes. It also provides certain technical services to tenants, including layout design and installation of electrical power circuits, data cabling, server cabinets and racks, computer room airflow analyses, and monitoring. As of December 31, 2011, the company owned and operated seven data centers located in Northern Virginia; one data center in suburban Chicago, Illinois; one data center in Piscataway, New Jersey; one data center in Santa Clara, California. DuPont Fabros Technology, Inc. has elected to be taxed as a REIT. As a REIT, it would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2007 and is headquartered in Washington, District of Columbia.


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