Dupont Fabros Technology Inc. (DFT) Reaches New 1-Year High at $48.97
Dupont Fabros Technology Inc. (NYSE:DFT)’s share price hit a new 52-week high on Friday . The stock traded as high as $48.97 and last traded at $48.04, with a volume of 516,614 shares changing hands. The stock had previously closed at $47.40.
Several equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Monday, July 18th. Jefferies Group reissued a “hold” rating and issued a $44.00 target price (up previously from $42.00) on shares of Dupont Fabros Technology in a report on Monday, May 16th. 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. JPMorgan Chase & Co. boosted their target price on shares of Dupont Fabros Technology from $64.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, 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. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $44.41.
The stock has a market cap of $3.56 billion and a price-to-earnings ratio of 11957.50. The firm’s 50-day moving average price is $46.78 and its 200-day moving average price is $40.50.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data 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. During the same quarter last year, the firm earned $0.62 earnings per share. The firm had revenue of $128.54 million for the quarter, compared to analyst estimates of $127.15 million. Dupont Fabros Technology’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities analysts expect that Dupont Fabros Technology Inc. will post $2.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 1st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.93%.
In other news, CFO Jeffrey H. Foster sold 13,889 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $46.05, for a total transaction of $639,588.45. Following the transaction, the chief financial officer now owns 32,003 shares in the company, valued at approximately $1,473,738.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO James Warren Armstrong sold 2,844 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $42.21, for a total value of $120,045.24. Following the transaction, 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 hedge funds and institutional investors have made changes to their positions in DFT. Pear Tree Advisors Inc. acquired a new position in shares of Dupont Fabros Technology during the fourth quarter worth about $1,564,000. Matarin Capital Management LLC acquired a new position in shares of Dupont Fabros Technology during the fourth quarter worth about $4,608,000. US Bancorp DE raised 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. raised 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 raised 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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