Dupont Fabros Technology Inc. (DFT) Trading 2.8% Higher
Shares of Dupont Fabros Technology Inc. (NYSE:DFT) traded up 2.8% on Friday . The stock traded as high as $47.65 and last traded at $47.60, with a volume of 804,817 shares traded. The stock had previously closed at $46.30.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Monday, July 18th. Jefferies Group restated a “hold” rating and issued a $44.00 price target (up previously from $42.00) on shares of Dupont Fabros Technology in a research note on Monday, May 16th. Barclays PLC restated an “overweight” rating and issued a $49.00 price target (up previously from $48.00) on shares of Dupont Fabros Technology in a research note on Friday, June 17th. Citigroup Inc. upped 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, July 7th. Finally, SunTrust Banks Inc. assumed coverage on Dupont Fabros Technology in a research note on Thursday. They issued a “buy” rating and a $55.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Dupont Fabros Technology currently has a consensus rating of “Hold” and a consensus price target of $42.37.
The firm’s 50-day moving average is $46.62 and its 200-day moving average is $39.94. The stock’s market cap is $3.50 billion.
Dupont Fabros Technology (NYSE:DFT) last posted its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $124.15 million for the quarter, compared to the consensus estimate of $121.41 million. The business’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. Equities analysts predict that Dupont Fabros Technology Inc. will post $2.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were paid a $0.47 dividend. 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, EVP Maria Kenny sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 55,756 shares of the company’s stock, valued at $2,567,563.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James Warren Armstrong sold 2,844 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was 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 directly owns 7,708 shares of the company’s stock, valued at approximately $325,354.68. The disclosure for this sale can be found here.
A number of institutional investors have modified their holdings of the company. Pear Tree Advisors Inc. acquired a new position in shares of Dupont Fabros Technology during the fourth quarter worth approximately $1,564,000. Matarin Capital Management LLC acquired a new position in shares of Dupont Fabros Technology during the fourth quarter worth approximately $4,608,000. 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 worth $1,499,000 after buying an additional 6,049 shares during the period. Advisors Asset Management Inc. increased 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 during the period. Finally, 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 worth $1,315,000 after buying an additional 1,000 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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