Dupont Fabros Technology, Inc. (DFT) Stake Raised by BlackRock Inc.

BlackRock Inc. boosted its stake in Dupont Fabros Technology, Inc. (NYSE:DFT) by 3,277.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,689,865 shares of the real estate investment trust’s stock after buying an additional 6,491,806 shares during the period. BlackRock Inc. owned about 8.73% of Dupont Fabros Technology worth $331,749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DFT. UBS Group AG increased its stake in shares of Dupont Fabros Technology by 58.2% in the first quarter. UBS Group AG now owns 22,417 shares of the real estate investment trust’s stock worth $1,112,000 after buying an additional 8,244 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Dupont Fabros Technology by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,031,041 shares of the real estate investment trust’s stock valued at $51,127,000 after buying an additional 38,489 shares during the period. Geode Capital Management LLC boosted its position in shares of Dupont Fabros Technology by 9.6% in the first quarter. Geode Capital Management LLC now owns 709,936 shares of the real estate investment trust’s stock valued at $35,204,000 after buying an additional 62,095 shares during the period. Capital Growth Management LP boosted its stake in 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 period. Finally, Vanguard Group Inc. boosted its stake in Dupont Fabros Technology by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,760,518 shares of the real estate investment trust’s stock valued at $682,384,000 after buying an additional 202,827 shares during the period.

Dupont Fabros Technology, Inc. (NYSE DFT) traded up 0.12% during trading on Monday, reaching $60.65. 94,229 shares of the company’s stock traded hands. The company has a 50 day moving average of $57.88 and a 200 day moving average of $50.78. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 34.58 and a beta of 0.67. Dupont Fabros Technology, Inc. has a one year low of $37.54 and a one year high of $66.18.

Dupont Fabros Technology (NYSE:DFT) last announced its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.31. The business had revenue of $139.48 million during the quarter, compared to analysts’ expectations of $139.24 million. Dupont Fabros Technology had a net margin of 30.25% and a return on equity of 22.94%. Dupont Fabros Technology’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. Equities research analysts predict that Dupont Fabros Technology, Inc. will post $1.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Thursday, June 29th. Dupont Fabros Technology’s dividend payout ratio (DPR) is presently 113.64%.

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DFT has been the topic of a number of recent research reports. UBS AG lowered shares of Dupont Fabros Technology from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 22nd. Raymond James Financial, Inc. restated a “market perform” rating on shares of Dupont Fabros Technology in a report on Thursday, June 22nd. Macquarie downgraded shares of Dupont Fabros Technology from an “outperform” rating to a “neutral” rating and set a $58.00 price objective for the company. in a report on Tuesday, June 13th. Compass Point reiterated a “neutral” rating and issued a $62.00 target price (up previously from $57.50) on shares of Dupont Fabros Technology in a research note on Monday, June 12th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Dupont Fabros Technology in a research report on Monday, June 12th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $56.35.

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.

Institutional Ownership by Quarter for Dupont Fabros Technology (NYSE:DFT)

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