Dupont Fabros Technology Inc. (DFT) Trading Down 3.3%
Dupont Fabros Technology Inc. (NYSE:DFT) fell 3.3% during 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.
A number of research firms have recently commented on DFT. Citigroup Inc. increased their price target on shares of Dupont Fabros Technology from $43.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Jefferies Group restated a “hold” rating and issued a $44.00 target price on shares of Dupont Fabros Technology in a report on Wednesday, July 6th. Zacks Investment Research upgraded 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. Barclays PLC restated an “overweight” rating and issued a $52.00 target price (up previously from $49.00) on shares of Dupont Fabros Technology in a report on Tuesday, July 19th. Finally, SunTrust Banks Inc. assumed 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 six have given a buy rating to the company. Dupont Fabros Technology currently has a consensus rating of “Hold” and a consensus target price of $45.95.
The stock has a market cap of $3.29 billion and a PE ratio of 10920.00. The company’s 50 day moving average is $46.71 and its 200 day moving average is $42.34.
Dupont Fabros Technology (NYSE:DFT) last posted its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by $0.01. During the same period in the previous year, the business posted $0.62 EPS. The company had revenue of $128.54 million for the quarter, compared to analysts’ expectations of $127.15 million. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Analysts anticipate that Dupont Fabros Technology Inc. will post $2.77 earnings per share for the current fiscal year.
In other Dupont Fabros Technology news, CEO Christopher P. Eldredge sold 5,964 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $46.00, for a total transaction of $274,344.00. Following the sale, the chief executive officer now owns 17,828 shares of the company’s stock, valued at approximately $820,088. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Richard A. Montfort, Jr. sold 20,326 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $45.36, for a total transaction of $921,987.36. Following the sale, the general counsel now directly owns 57,153 shares in the company, valued at approximately $2,592,460.08. The disclosure for this sale can be found here.
Other hedge funds recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased 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 in the last quarter. US Bancorp DE increased 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 in the last quarter. Finally, Matarin Capital Management LLC bought a new stake in Dupont Fabros Technology during the fourth quarter valued at $4,608,000.
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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