Pacad Investment Ltd. Invests $422,000 in Dupont Fabros Technology, Inc. (DFT)

Pacad Investment Ltd. purchased a new position in Dupont Fabros Technology, Inc. (NYSE:DFT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,900 shares of the real estate investment trust’s stock, valued at approximately $422,000.

A number of other hedge funds have also modified their holdings of the business. AlphaMark Advisors LLC boosted its holdings in shares of Dupont Fabros Technology by 0.7% during the second quarter. AlphaMark Advisors LLC now owns 15,100 shares of the real estate investment trust’s stock worth $924,000 after purchasing an additional 100 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Dupont Fabros Technology during the second quarter worth about $35,332,000. Renaissance Group LLC boosted its holdings in shares of Dupont Fabros Technology by 2.5% during the second quarter. Renaissance Group LLC now owns 7,311 shares of the real estate investment trust’s stock worth $447,000 after purchasing an additional 178 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Dupont Fabros Technology by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,417 shares of the real estate investment trust’s stock worth $331,000 after purchasing an additional 502 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Dupont Fabros Technology by 94.2% during the second quarter. Neuberger Berman Group LLC now owns 284,223 shares of the real estate investment trust’s stock worth $17,383,000 after purchasing an additional 137,878 shares during the period.

Shares of Dupont Fabros Technology, Inc. (NYSE:DFT) traded down 2.31% during midday trading on Friday, reaching $66.31. 4,402,742 shares of the company traded hands. The company has a market capitalization of $5.14 billion, a PE ratio of 40.38 and a beta of 0.68. The company has a 50 day moving average price of $63.61 and a 200 day moving average price of $56.70. Dupont Fabros Technology, Inc. has a 1-year low of $37.54 and a 1-year high of $69.33.

Dupont Fabros Technology (NYSE:DFT) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing the 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 business had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $141.48 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Dupont Fabros Technology’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts expect that Dupont Fabros Technology, Inc. will post $1.77 earnings per share for the current year.

A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Dupont Fabros Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. Stifel Nicolaus reissued a “hold” rating and issued a $64.00 price target on shares of Dupont Fabros Technology in a research note on Friday, July 21st. Barclays PLC raised their target price on shares of Dupont Fabros Technology from $55.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Finally, TheStreet downgraded shares of Dupont Fabros Technology from a “b” rating to a “c+” rating in a research note on Monday, July 31st. Eleven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $58.59.

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In other Dupont Fabros Technology news, CFO Jeffrey H. Foster sold 64,843 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $61.49, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Pont Lammot J. Du sold 296,185 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chairman now owns 215,673 shares of the company’s stock, valued at approximately $13,259,576.04. The disclosure for this sale can be found here. Insiders sold a total of 801,397 shares of company stock valued at $49,701,799 in the last three months. 5.60% of the stock is currently owned by corporate insiders.

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.

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

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