Dupont Fabros Technology Inc. (NYSE:DFT) shares dropped 3.3% during mid-day trading on Wednesday . The company traded as low as $43.86 and last traded at $43.90, with a volume of 412,923 shares changing hands. The stock had previously closed at $45.40.

DFT has been the subject of a number of research analyst reports. Citigroup Inc. lifted their target price on shares of Dupont Fabros Technology from $43.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. Jefferies Group reiterated a “hold” rating and issued a $49.00 target price (up previously from $46.00) on shares of Dupont Fabros Technology in a research note on Thursday, August 11th. Zacks Investment Research cut shares of Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Barclays PLC reiterated an “overweight” rating and issued a $49.00 target price (up previously from $48.00) on shares of Dupont Fabros Technology in a research note on Friday, June 17th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $44.00 target price (up previously from $37.00) on shares of Dupont Fabros Technology in a research note on Monday, May 9th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $45.95.

The firm has a market capitalization of $3.21 billion and a PE ratio of 10660.00. The company has a 50 day moving average price of $46.43 and a 200-day moving average price of $42.36.

Dupont Fabros Technology (NYSE:DFT) last released its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The firm had revenue of $128.54 million for the quarter, compared to analysts’ expectations of $127.15 million. During the same period in the prior year, the firm earned $0.62 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. On average, equities research analysts forecast that Dupont Fabros Technology Inc. will post $2.78 earnings per share for the current fiscal year.

In related news, General Counsel Richard A. Montfort, Jr. sold 20,326 shares of Dupont Fabros Technology stock in a transaction on Monday, June 13th. The shares were sold at an average price of $45.36, for a total transaction of $921,987.36. Following the completion of the transaction, the general counsel now owns 57,153 shares of the company’s stock, valued at $2,592,460.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Kenny sold 25,000 shares of Dupont Fabros Technology 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 transaction, the executive vice president now directly owns 55,756 shares of the company’s stock, valued at approximately $2,567,563.80. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Dupont Fabros Technology stock. Advisors Asset Management Inc. boosted its position in Dupont Fabros Technology Inc. (NYSE:DFT) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,505 shares of the real estate investment trust’s stock after buying an additional 2,062 shares during the period. Advisors Asset Management Inc.’s holdings in Dupont Fabros Technology were worth $1,002,000 as of its most recent SEC filing.

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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