Dupont Fabros Technology Inc. (DFT) Sees Strong Trading Volume
Dupont Fabros Technology Inc. (NYSE:DFT) shares saw unusually-strong trading volume on Thursday . Approximately 1,210,232 shares were traded during mid-day 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. SunTrust Banks Inc. started coverage on shares of Dupont Fabros Technology in a research note on Thursday, July 21st. They issued a “buy” rating and a $55.00 price objective for the company. Zacks Investment Research upgraded shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Monday, July 18th. Jefferies Group reiterated a “hold” rating and set a $44.00 target price on shares of Dupont Fabros Technology in a research note on Wednesday, July 6th. Finally, Citigroup Inc. upped 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. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $45.95.
The firm has a 50 day moving average of $46.30 and a 200-day moving average of $42.42. The stock has a market cap of $3.23 billion and a price-to-earnings ratio of 10750.00.
Dupont Fabros Technology (NYSE:DFT) last released its earnings results on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.01. During the same period in the previous year, the company earned $0.62 earnings per share. The company had revenue of $128.54 million for the quarter, compared to analyst estimates of $127.15 million. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that Dupont Fabros Technology Inc. will post $2.78 earnings per share for the current year.
In related news, EVP Maria Kenny sold 25,000 shares of the firm’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $46.05, for a total value of $1,151,250.00. Following the completion of the transaction, the executive vice president now directly owns 55,756 shares of the company’s stock, valued at $2,567,563.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Coke sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $45.62, for a total transaction of $228,100.00. Following the completion of the transaction, the director now directly owns 26,945 shares of the company’s stock, valued at $1,229,230.90. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Dupont Fabros Technology stock. US Bancorp DE raised its stake in shares of Dupont Fabros Technology Inc. (NYSE:DFT) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,121 shares of the real estate investment trust’s stock after buying an additional 6,049 shares during the period. US Bancorp DE owned 0.07% of Dupont Fabros Technology worth $1,499,000 as of its most recent filing with the SEC.
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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