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

DFT has been the subject of a number of research reports. Janney Montgomery Scott downgraded Dupont Fabros Technology from a “buy” rating to a “neutral” rating and decreased their price target 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. Citigroup Inc. lifted their price target on Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday. Jefferies Group reiterated a “hold” rating and issued a $44.00 price target on shares of Dupont Fabros Technology in a research note on Wednesday. Barclays PLC reiterated an “overweight” rating and issued a $49.00 price target (up from $48.00) on shares of Dupont Fabros Technology in a research note on Friday, June 17th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $44.00 price target (up from $37.00) on shares of Dupont Fabros Technology in a research note on Monday, May 9th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $41.03.

The firm’s 50 day moving average price is $45.32 and its 200-day moving average price is $38.95. The firm’s market cap is $3.56 billion.

Dupont Fabros Technology (NYSE:DFT) last released its earnings results on Thursday, April 28th. The real estate investment trust reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $124.15 million for the quarter, compared to analyst estimates of $121.41 million. During the same period in the prior year, the firm earned $0.61 EPS. The firm’s revenue was up 15.7% on a year-over-year basis. Equities analysts forecast that Dupont Fabros Technology Inc. will post $2.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Wednesday, June 29th.

In other news, CAO James Warren Armstrong sold 2,844 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $42.21, for a total transaction of $120,045.24. Following the completion of the transaction, the chief accounting officer now owns 7,708 shares of the company’s stock, valued at $325,354.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey H. Foster sold 13,889 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $46.05, for a total transaction of $639,588.45. Following the transaction, the chief financial officer now directly owns 32,003 shares of the company’s stock, valued at approximately $1,473,738.15. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its position in shares of 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 in the last quarter. ProShare Advisors LLC raised 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 worth $1,043,000 after buying an additional 5,690 shares in the last quarter. Alpine Woods Capital Investors LLC raised 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 worth $1,315,000 after buying an additional 1,000 shares in the last quarter. US Bancorp DE raised 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 worth $1,499,000 after buying an additional 6,049 shares in the last quarter. Finally, Nationwide Fund Advisors raised 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 worth $1,547,000 after buying an additional 573 shares in 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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