Dupont Fabros Technology, Inc. (DFT) Sets New 12-Month High at $66.28

Dupont Fabros Technology, Inc. (NYSE:DFT)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $66.28 and last traded at $66.42, with a volume of 502,599 shares traded. The stock had previously closed at $64.97.

DFT has been the topic of a number of analyst reports. ValuEngine upgraded Dupont Fabros Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Royal Bank Of Canada downgraded Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $59.00 to $62.00 in a research report on Monday, June 12th. They noted that the move was a valuation call. Robert W. Baird downgraded Dupont Fabros Technology from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $53.00 to $63.00 in a research report on Monday, June 12th. Wells Fargo & Company reiterated a “market perform” rating on shares of Dupont Fabros Technology in a research report on Monday, June 12th. Finally, Compass Point reiterated a “neutral” rating and set a $62.00 price objective (up previously from $57.50) on shares of Dupont Fabros Technology in a research report on Monday, June 12th. Eleven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $57.63.

The stock’s 50 day moving average is $62.91 and its 200-day moving average is $56.23. The stock has a market cap of $5.08 billion, a PE ratio of 39.95 and a beta of 0.68.

Dupont Fabros Technology (NYSE:DFT) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.77 by $0.39. The firm had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $141.48 million. Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $0.64 earnings per share. Analysts forecast that Dupont Fabros Technology, Inc. will post $1.77 earnings per share for the current fiscal year.

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 stock was sold at an average price of $61.48, for a total value of $18,209,453.80. Following the transaction, the chairman now directly owns 215,673 shares of the company’s stock, valued at $13,259,576.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Coke sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $63.87, for a total value of $510,960.00. Following the completion of the transaction, the director now directly owns 20,258 shares in the company, valued at $1,293,878.46. The disclosure for this sale can be found here. Insiders sold a total of 801,397 shares of company stock worth $49,701,799 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position 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 purchasing an additional 202,827 shares during the period. BlackRock Inc. raised its position in 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 purchasing an additional 6,491,806 shares during the period. CNH Partners LLC purchased a new position in Dupont Fabros Technology in the second quarter valued at about $190,756,000. State Street Corp raised its position in Dupont Fabros Technology by 15.1% in the first quarter. State Street Corp now owns 2,813,663 shares of the real estate investment trust’s stock valued at $139,529,000 after purchasing an additional 370,099 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Dupont Fabros Technology by 263.6% in the second quarter. Daiwa Securities Group Inc. now owns 2,437,272 shares of the real estate investment trust’s stock valued at $149,064,000 after purchasing an additional 1,767,028 shares during the period.

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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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