Dupont Fabros Technology Inc. (NYSE:DFT)’s share price dropped 0.8% on Monday . The stock traded as low as $46.77 and last traded at $46.79, with a volume of 157,051 shares trading hands. The stock had previously closed at $47.17.

DFT has been the subject of several recent research reports. 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 report on Monday, May 9th. Jefferies Group restated a “hold” rating and set a $44.00 target price 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 target price for the company in a research report on Monday, July 4th. SunTrust Banks Inc. assumed coverage on Dupont Fabros Technology in a research report on Thursday, July 21st. They set a “buy” rating and a $55.00 target price for the company. Finally, Barclays PLC restated an “overweight” rating and set a $52.00 target price (up from $49.00) on shares of Dupont Fabros Technology in a research report on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Dupont Fabros Technology has a consensus rating of “Hold” and a consensus target price of $45.95.

The firm’s 50 day moving average price is $47.02 and its 200-day moving average price is $41.82. The company has a market capitalization of $3.49 billion and a P/E ratio of 11587.50.

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 the Zacks’ consensus estimate of $0.65 by $0.01. The company earned $128.54 million during the quarter, compared to the consensus estimate of $127.15 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that Dupont Fabros Technology Inc. will post $2.77 earnings per share for the current year.

In related 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 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 legal filing with the SEC, which is available through the SEC website. Also, General Counsel Richard A. Montfort, Jr. sold 20,326 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $45.36, for a total value of $921,987.36. Following the completion of the transaction, the general counsel now directly owns 57,153 shares in the company, valued at $2,592,460.08. The disclosure for this sale can be found here.

Other institutional investors recently made changes to their positions in the company. Pear Tree Advisors Inc. bought a new position in shares of Dupont Fabros Technology during the fourth quarter worth approximately $1,564,000. Matarin Capital Management LLC bought a new position in shares of Dupont Fabros Technology during the fourth quarter worth approximately $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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