Dupont Fabros Technology Reaches New 52-Week High (DFT)

NEW YORK ( TheStreet) -- Dupont Fabros Technology (NYSE: DFT) hit a new 52-week high Thursday as it is currently trading at $26.87, above its previous 52-week high of $26.86 with 2.3 million shares traded as of 1:24 p.m. ET. Average volume has been 929,500 shares over the past 30 days.

Dupont Fabros Technology has a market cap of $1.53 billion and is part of the financial sector and real estate industry. Shares are up 1.9% year to date as of the close of trading on Wednesday.

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 has a P/E ratio of 34, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Dupont Fabros Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Dupont Fabros Technology Ratings Report.

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