Dupont Fabros Technology Inc. (NYSE:DFT) dropped 2.2% during mid-day trading on Thursday . The stock traded as low as $45.75 and last traded at $45.97, with a volume of 643,701 shares traded. The stock had previously closed at $47.01.

DFT has been the subject of several recent analyst reports. Zacks Investment Research cut Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $44.00 target price (up previously from $37.00) on shares of Dupont Fabros Technology in a research note on Monday, May 9th. Janney Montgomery Scott cut Dupont Fabros Technology from a “buy” rating to a “neutral” rating and cut their target price 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. Jefferies Group reissued a “hold” rating and set a $44.00 target price on shares of Dupont Fabros Technology in a research note on Wednesday, July 6th. Finally, Citigroup Inc. cut Dupont Fabros Technology from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Monday, April 4th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $42.37.

The stock has a 50 day moving average price of $46.51 and a 200 day moving average price of $39.77. The firm’s market capitalization is $3.43 billion.

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 for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $124.15 million for the quarter, compared to analysts’ expectations of $121.41 million. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. On average, analysts predict that Dupont Fabros Technology Inc. will post $2.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Wednesday, June 29th.

In related news, EVP Maria Kenny sold 25,000 shares of the stock in a transaction on Friday, June 10th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Richard A. Montfort, Jr. sold 14,442 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $41.92, for a total value of $605,408.64. Following the completion of the transaction, the general counsel now directly owns 36,827 shares in the company, valued at $1,543,787.84. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of DFT. 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 valued at $1,002,000 after buying an additional 2,062 shares during the period. 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 valued at $1,043,000 after buying an additional 5,690 shares during the period. 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 valued at $1,315,000 after buying an additional 1,000 shares during the period. 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 valued at $1,499,000 after buying an additional 6,049 shares during the period. 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 valued at $1,547,000 after buying an additional 573 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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