Dupont Fabros Technology Inc. (NYSE:DFT) fell 2.2% during 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.

Several research firms recently commented on DFT. Zacks Investment Research upgraded shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Monday, July 18th. Jefferies Group reiterated a “hold” rating and issued a $44.00 price objective (up from $42.00) on shares of Dupont Fabros Technology in a research report on Monday, May 16th. Barclays PLC reiterated an “overweight” rating and issued a $49.00 price objective (up from $48.00) on shares of Dupont Fabros Technology in a research report on Friday, June 17th. Citigroup Inc. boosted their price objective on shares of Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Finally, SunTrust Banks Inc. began coverage on shares of Dupont Fabros Technology in a research report on Thursday. They issued a “buy” rating and a $55.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Dupont Fabros Technology presently has a consensus rating of “Hold” and a consensus price target of $42.37.

The firm has a 50-day moving average of $46.62 and a 200 day moving average of $39.94. The company’s market cap is $3.50 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 previous year, the firm earned $0.61 earnings per share. Dupont Fabros Technology’s revenue was up 15.7% on a year-over-year basis. Equities research analysts anticipate that Dupont Fabros Technology Inc. will post $2.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, June 29th.

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

A number of institutional investors recently modified their holdings of DFT. Pear Tree Advisors Inc. bought a new position in shares of Dupont Fabros Technology during the fourth quarter worth $1,564,000. Matarin Capital Management LLC bought a new position in shares of Dupont Fabros Technology during the fourth quarter worth $4,608,000. US Bancorp DE boosted 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. Advisors Asset Management Inc. boosted 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. Finally, Alpine Woods Capital Investors LLC boosted 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.

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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