Dupont Fabros Technology Inc. (DFT) Sees Large Volume Increase
Dupont Fabros Technology Inc. (NYSE:DFT) shares saw unusually-strong trading volume on Thursday . Approximately 1,210,232 shares traded hands during trading, an increase of 49% from the previous session’s volume of 811,800 shares.The stock last traded at $42.60 and had previously closed at $43.68.
A number of analysts have recently weighed in on DFT shares. Citigroup Inc. raised their price target on shares of Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Jefferies Group reissued a “hold” rating and set a $49.00 price target (up previously from $46.00) on shares of Dupont Fabros Technology in a research report on Thursday, August 11th. Zacks Investment Research downgraded shares of Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Barclays PLC reissued an “overweight” rating and set a $49.00 price target (up previously from $48.00) on shares of Dupont Fabros Technology in a research report on Friday, June 17th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $44.00 price target (up previously from $37.00) on shares of Dupont Fabros Technology in a research report on Monday, May 9th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $45.95.
The stock has a market capitalization of $3.21 billion and a P/E ratio of 10660.00. The stock’s 50-day moving average is $46.43 and its 200 day moving average is $42.36.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings results 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. The firm earned $128.54 million during the quarter, compared to the consensus estimate of $127.15 million. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. On average, analysts expect that Dupont Fabros Technology Inc. will post $2.78 EPS for the current year.
In other news, CEO Christopher P. Eldredge sold 5,964 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $46.00, for a total transaction of $274,344.00. Following the completion of the transaction, the chief executive officer now directly owns 17,828 shares in the company, valued at $820,088. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey H. Foster sold 13,889 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $46.05, for a total value of $639,588.45. Following the transaction, the chief financial officer now owns 32,003 shares of the company’s stock, valued at $1,473,738.15. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have modified their holdings of the company. Matarin Capital Management LLC acquired a new position in shares of Dupont Fabros Technology during the fourth quarter worth approximately $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 last quarter. Finally, 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 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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