US Bancorp DE Cuts Position in Dupont Fabros Technology, Inc. (DFT)
US Bancorp DE decreased its position in shares of Dupont Fabros Technology, Inc. (NYSE:DFT) by 43.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,338 shares of the real estate investment trust’s stock after selling 16,939 shares during the period. US Bancorp DE’s holdings in Dupont Fabros Technology were worth $1,366,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new stake in Dupont Fabros Technology during the first quarter worth about $102,000. Meeder Asset Management Inc. bought a new stake in Dupont Fabros Technology during the first quarter worth about $109,000. Creative Planning increased its stake in Dupont Fabros Technology by 56.4% in the first quarter. Creative Planning now owns 3,990 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,439 shares during the last quarter. Catawba Capital Management VA bought a new stake in Dupont Fabros Technology during the first quarter worth about $200,000. Finally, GW&K Investment Management LLC bought a new stake in Dupont Fabros Technology during the first quarter worth about $203,000.
Dupont Fabros Technology, Inc. (NYSE DFT) traded down 0.86% during mid-day trading on Monday, reaching $62.02. 85,870 shares of the company’s stock traded hands. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 37.77 and a beta of 0.68. Dupont Fabros Technology, Inc. has a 52-week low of $37.54 and a 52-week high of $66.18. The company has a 50-day moving average of $61.88 and a 200-day moving average of $53.42.
Dupont Fabros Technology (NYSE:DFT) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.39. The company had revenue of $140.70 million during the quarter, compared to analyst estimates of $141.48 million. Dupont Fabros Technology had a net margin of 26.05% and a return on equity of 19.58%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 EPS. Equities research analysts expect that Dupont Fabros Technology, Inc. will post $1.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were paid a $0.50 dividend. The ex-dividend date was Thursday, June 29th. This represents a $2.00 annualized dividend and a yield of 3.20%. Dupont Fabros Technology’s dividend payout ratio is presently 121.95%.
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A number of research firms have recently issued reports on DFT. UBS AG downgraded shares of Dupont Fabros Technology from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 22nd. TheStreet downgraded shares of Dupont Fabros Technology from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Royal Bank Of Canada downgraded Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and set a $62.00 price objective for the company. in a research report on Monday, July 31st. Barclays PLC lifted their price objective on Dupont Fabros Technology from $55.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus restated a “hold” rating and set a $64.00 price objective on shares of Dupont Fabros Technology in a research report on Friday, July 21st. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Dupont Fabros Technology has a consensus rating of “Hold” and an average price target of $57.63.
In other Dupont Fabros Technology news, EVP Maria Kenny sold 149,910 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $61.49, for a total value of $9,217,965.90. Following the transaction, the executive vice president now owns 122,638 shares in the company, valued at approximately $7,541,010.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jeffrey H. Foster sold 64,843 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $61.49, for a total transaction of $3,987,196.07. Following the completion of the transaction, the chief financial officer now owns 40,447 shares in the company, valued at approximately $2,487,086.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 687,618 shares of company stock worth $42,548,490. Company insiders own 5.60% of the company’s stock.
About Dupont Fabros Technology
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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