Dupont Fabros Technology Inc. (NYSE:DFT) hit a new 52-week high on Wednesday . The company traded as high as $48.57 and last traded at $48.35, with a volume of 301,225 shares traded. The stock had previously closed at $48.02.

A number of equities research analysts recently weighed in on the company. Jefferies Group restated a “hold” rating and set a $44.00 price objective on shares of Dupont Fabros Technology in a research note on Wednesday. Barclays PLC restated an “overweight” rating and set a $49.00 price objective (up from $48.00) on shares of Dupont Fabros Technology in a research note on Friday, June 17th. Zacks Investment Research upgraded Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Monday. Citigroup Inc. cut Dupont Fabros Technology from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Monday, April 4th. Finally, Janney Montgomery Scott cut Dupont Fabros Technology from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $42.10 to $24.88 in a research note on Friday, April 8th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.45.

The stock’s market cap is $3.59 billion. The firm’s 50-day moving average price is $44.96 and its 200 day moving average price is $38.77.

Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company earned $124.15 million during the quarter, compared to analyst estimates of $121.41 million. During the same quarter last year, the firm earned $0.61 EPS. The business’s revenue was up 15.7% on a year-over-year basis. On average, equities research analysts anticipate that Dupont Fabros Technology Inc. will post $2.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.88%. The ex-dividend date is Wednesday, June 29th.

In related news, General Counsel Richard A. Montfort, Jr. sold 14,442 shares of the business’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $41.92, for a total value of $605,408.64. Following the transaction, the general counsel now owns 36,827 shares in the company, valued at approximately $1,543,787.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James Warren Armstrong sold 2,844 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $42.21, for a total value of $120,045.24. Following the completion of the transaction, the chief accounting officer now owns 7,708 shares in the company, valued at approximately $325,354.68. The disclosure for this sale can be found here.

A number of institutional investors recently modified their holdings of DFT. Nationwide Fund Advisors boosted its position in shares of Dupont Fabros Technology by 1.2% in the fourth quarter. Nationwide Fund Advisors now owns 48,668 shares of the real estate investment trust’s stock valued at $1,547,000 after buying an additional 573 shares during the period. California State Teachers Retirement System boosted its position in shares of Dupont Fabros Technology by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 117,035 shares of the real estate investment trust’s stock valued at $3,721,000 after buying an additional 1,914 shares during the period. Rhumbline Advisers boosted its position in shares of Dupont Fabros Technology by 3.7% in the fourth quarter. Rhumbline Advisers now owns 105,834 shares of the real estate investment trust’s stock valued at $3,364,000 after buying an additional 3,735 shares during the period. Copeland Capital Management LLC boosted its position in shares of Dupont Fabros Technology by 3.9% in the fourth quarter. Copeland Capital Management LLC now owns 453,732 shares of the real estate investment trust’s stock valued at $14,424,000 after buying an additional 16,925 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Dupont Fabros Technology by 21.0% in the fourth quarter. ProShare Advisors LLC now owns 32,824 shares of the real estate investment trust’s stock valued at $1,043,000 after buying an additional 5,690 shares during the period.

DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company is a self-administered and self-managed company that owns, acquires, develops and operates wholesale data centers. The Company’s customers outsource their applications, and include national and international enterprises across various industries, such as technology, Internet content providers, media, communications, cloud providers, healthcare and financial services.

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