Dupont Fabros Technology Inc. (DFT) Sets New 12-Month High at $48.97
Dupont Fabros Technology Inc. (NYSE:DFT)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $48.97 and last traded at $48.04, with a volume of 516,614 shares traded. The stock had previously closed at $47.40.
A number of equities analysts recently commented on DFT shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $44.00 price objective (up previously from $37.00) on shares of Dupont Fabros Technology in a research report on Monday, May 9th. Jefferies Group reiterated a “hold” rating and set a $44.00 price objective on shares of Dupont Fabros Technology in a research report on Wednesday, July 6th. Zacks Investment Research upgraded Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Monday, July 4th. Janney Montgomery Scott downgraded Dupont Fabros Technology from a “buy” rating to a “neutral” rating and reduced their target price for the company from $42.10 to $24.88 in a research report on Friday, April 8th. They noted that the move was a valuation call. Finally, SunTrust Banks Inc. started coverage on Dupont Fabros Technology in a research report on Thursday, July 21st. They issued a “buy” rating and a $55.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $44.41.
The company’s market capitalization is $3.54 billion. The company has a 50-day moving average of $46.74 and a 200-day moving average of $40.37.
Dupont Fabros Technology (NYSE:DFT) last announced its earnings results on Thursday, July 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. The business earned $128.54 million during the quarter, compared to analysts’ expectations of $127.15 million. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. Equities analysts anticipate that Dupont Fabros Technology Inc. will post $2.74 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders 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 3.93%. The ex-dividend date of this dividend was Wednesday, June 29th.
In other news, EVP Maria Kenny sold 25,000 shares of the firm’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of $46.05, for a total transaction of $1,151,250.00. Following the sale, the executive vice president now owns 55,756 shares in the company, valued at $2,567,563.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James Warren Armstrong sold 2,844 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $42.21, for a total value of $120,045.24. Following the sale, the chief accounting officer now owns 7,708 shares in the company, valued at approximately $325,354.68. The disclosure for this sale can be found here.
Several large investors have bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake 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 valued at $1,002,000 after buying an additional 2,062 shares during the period. ProShare Advisors LLC boosted its stake in 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 boosted its stake in 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 boosted its stake in 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 boosted its stake in 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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