Strs Ohio Sells 36,720 Shares of Dupont Fabros Technology, Inc. (DFT)
Strs Ohio lowered its stake in Dupont Fabros Technology, Inc. (NYSE:DFT) by 26.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,860 shares of the real estate investment trust’s stock after selling 36,720 shares during the period. Strs Ohio owned about 0.13% of Dupont Fabros Technology worth $6,107,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DFT. BlackRock Inc. increased its position in shares of Dupont Fabros Technology by 3,277.7% in the first quarter. BlackRock Inc. now owns 6,689,865 shares of the real estate investment trust’s stock valued at $331,749,000 after buying an additional 6,491,806 shares during the last quarter. PGGM Investments bought a new position in shares of Dupont Fabros Technology during the first quarter valued at approximately $62,483,000. OppenheimerFunds Inc. increased its position in shares of Dupont Fabros Technology by 159.4% in the first quarter. OppenheimerFunds Inc. now owns 1,397,446 shares of the real estate investment trust’s stock valued at $69,300,000 after buying an additional 858,755 shares during the last quarter. Capital Growth Management LP increased its position in shares of Dupont Fabros Technology by 633.3% in the first quarter. Capital Growth Management LP now owns 880,000 shares of the real estate investment trust’s stock valued at $43,639,000 after buying an additional 760,000 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Dupont Fabros Technology by 15,132.8% in the first quarter. Daiwa Securities Group Inc. now owns 670,244 shares of the real estate investment trust’s stock valued at $33,237,000 after buying an additional 665,844 shares during the last quarter.
Dupont Fabros Technology, Inc. (NYSE DFT) opened at 62.56 on Friday. The firm has a market capitalization of $4.85 billion, a P/E ratio of 38.10 and a beta of 0.68. The company’s 50-day moving average price is $61.88 and its 200-day moving average price is $53.42. Dupont Fabros Technology, Inc. has a 1-year low of $37.54 and a 1-year high of $66.18.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.39. Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. The company had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $141.48 million. During the same quarter last year, the business earned $0.64 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts expect that Dupont Fabros Technology, Inc. will post $1.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $2.00 annualized dividend and a yield of 3.20%. Dupont Fabros Technology’s dividend payout ratio (DPR) is presently 121.95%.
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Several research analysts have commented on DFT shares. Zacks Investment Research raised Dupont Fabros Technology from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Royal Bank Of Canada downgraded Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $59.00 to $62.00 in a report on Monday, June 12th. They noted that the move was a valuation call. Barclays PLC reaffirmed an “overweight” rating and set a $54.00 target price (up from $53.00) on shares of Dupont Fabros Technology in a report on Wednesday, April 19th. KeyCorp raised Dupont Fabros Technology from a “sector weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Tuesday, May 2nd. Finally, Stifel Nicolaus downgraded Dupont Fabros Technology from a “buy” rating to a “hold” rating and cut their target price for the stock from $57.00 to $54.00 in a report on Monday, April 24th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $57.63.
In other Dupont Fabros Technology news, Chairman Pont Lammot J. Du sold 296,185 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $61.48, for a total value of $18,209,453.80. Following the completion of the sale, the chairman now directly owns 215,673 shares in the company, valued at $13,259,576.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederic V. Malek sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $62.71, for a total transaction of $1,881,300.00. Following the completion of the sale, the director now owns 112,375 shares of the company’s stock, valued at $7,047,036.25. The disclosure for this sale can be found here. Insiders sold 687,618 shares of company stock valued at $42,548,490 over the last 90 days. 5.60% of the stock is currently owned by company insiders.
Dupont Fabros Technology Company Profile
DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company owns, acquires, develops and operates wholesale data centers. The Company’s customers include national and international enterprises across various industries, such as technology, Internet, content providers, cloud providers, media, communications, healthcare and financial services.
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