Dupont Fabros Technology Inc. (NYSE:DFT) dropped 2% during trading on Thursday . The stock traded as low as $47.29 and last traded at $47.45, with a volume of 198,869 shares. The stock had previously closed at $48.43.

DFT has been the subject of several research reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $44.00 price objective (up from $37.00) on shares of Dupont Fabros Technology in a research note on Monday, May 9th. Zacks Investment Research downgraded shares of Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Barclays PLC lifted their price objective on shares of Dupont Fabros Technology from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 22nd. Janney Montgomery Scott downgraded shares of Dupont Fabros Technology from a “buy” rating to a “neutral” rating and lowered 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. Finally, Citigroup Inc. downgraded shares of 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. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $41.03.

The firm has a 50-day moving average price of $45.12 and a 200 day moving average price of $38.83. The stock’s market capitalization is $3.52 billion.

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

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Wednesday, June 29th.

In related news, EVP Maria Kenny sold 25,000 shares of the stock in a transaction on Friday, June 10th. The shares were sold at an average price of $46.05, for a total value of $1,151,250.00. Following the transaction, the executive vice president now directly owns 55,756 shares of the company’s stock, valued at approximately $2,567,563.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey H. Foster sold 13,889 shares of the stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $46.05, for a total transaction of $639,588.45. Following the completion of the transaction, the chief financial officer now directly owns 32,003 shares in the company, valued at $1,473,738.15. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its position in Dupont Fabros Technology by 7.0% in the fourth quarter. Advisors Asset Management Inc. now owns 31,505 shares of the real estate investment trust’s stock worth $1,002,000 after buying an additional 2,062 shares during the period. ProShare Advisors LLC increased 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 last quarter. Alpine Woods Capital Investors LLC increased its position in shares of Dupont Fabros Technology by 2.5% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 41,352 shares of the real estate investment trust’s stock valued at $1,315,000 after buying an additional 1,000 shares during the last quarter. US Bancorp DE increased its position in shares of Dupont Fabros Technology by 14.7% in the fourth quarter. US Bancorp DE now owns 47,121 shares of the real estate investment trust’s stock valued at $1,499,000 after buying an additional 6,049 shares during the last quarter. Finally, Nationwide Fund Advisors increased 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 last quarter.

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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