Dupont Fabros Technology Inc. (DFT) Short Interest Up 50.2% in September
Dupont Fabros Technology Inc. (NYSE:DFT) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 4,884,636 shares, a growth of 50.2% from the August 31st total of 3,252,458 shares. Approximately 6.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 938,120 shares, the days-to-cover ratio is presently 5.2 days.
Several equities analysts have recently commented on DFT shares. Barclays PLC reissued an “overweight” rating and issued a $49.00 target price (up previously from $48.00) on shares of Dupont Fabros Technology in a report on Friday, June 17th. Zacks Investment Research raised shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Monday, July 4th. Jefferies Group reissued a “hold” rating and issued a $44.00 target price on shares of Dupont Fabros Technology in a report on Wednesday, July 6th. Citigroup Inc. boosted their target price on shares of Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Finally, SunTrust Banks Inc. started coverage on shares of Dupont Fabros Technology in a report on Thursday, July 21st. They issued a “buy” rating and a $55.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $45.57.
Several hedge funds and other institutional investors have recently made changes to their positions in DFT. Aperio Group LLC raised its position in shares of Dupont Fabros Technology by 25.2% in the first quarter. Aperio Group LLC now owns 8,830 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 1,777 shares during the period. Nisa Investment Advisors L.L.C. acquired a new position in shares of Dupont Fabros Technology during the first quarter worth about $792,000. Virginia Retirement System acquired a new position in shares of Dupont Fabros Technology during the first quarter worth about $1,427,000. CIBC World Markets Inc. acquired a new position in shares of Dupont Fabros Technology during the first quarter worth about $257,000. Finally, Ngam Advisors L.P. raised its position in shares of Dupont Fabros Technology by 5.3% in the first quarter. Ngam Advisors L.P. now owns 136,185 shares of the real estate investment trust’s stock worth $5,520,000 after buying an additional 6,813 shares during the period. Hedge funds and other institutional investors own 98.13% of the company’s stock.
Dupont Fabros Technology (NYSE:DFT) opened at 39.16 on Friday. The firm’s 50-day moving average is $42.52 and its 200-day moving average is $43.69. Dupont Fabros Technology has a 52-week low of $27.81 and a 52-week high of $48.97. The company has a market cap of $2.95 billion, a PE ratio of 9790.00 and a beta of 0.59.
Dupont Fabros Technology (NYSE:DFT) last announced its earnings results on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. Dupont Fabros Technology had a net margin of 7.67% and a return on equity of 20.26%. The business had revenue of $128.54 million for the quarter, compared to analysts’ expectations of $127.15 million. During the same quarter last year, the business earned $0.62 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. On average, equities research analysts anticipate that Dupont Fabros Technology will post $2.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, October 7th will be given a dividend of $0.47 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.80%. Dupont Fabros Technology’s dividend payout ratio (DPR) is -2,349.71%.
About Dupont Fabros Technology
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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