Dupont Fabros Technology, Inc. (DFT) Sees Unusually-High Trading Volume

Dupont Fabros Technology, Inc. (NYSE:DFT) saw unusually-high trading volume on Monday . Approximately 1,740,203 shares changed hands during trading, an increase of 93% from the previous session’s volume of 900,883 shares.The stock last traded at $68.00 and had previously closed at $65.59.

DFT has been the subject of a number of research analyst reports. Royal Bank Of Canada cut shares of Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and increased 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. Cowen and Company reaffirmed a “buy” rating and set a $59.00 price objective on shares of Dupont Fabros Technology in a research report on Friday, July 21st. Jefferies Group LLC reaffirmed a “hold” rating and set a $63.00 price objective on shares of Dupont Fabros Technology in a research report on Friday, July 14th. ValuEngine raised shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Compass Point reissued a “neutral” rating and issued a $62.00 price target (up previously from $57.50) on shares of Dupont Fabros Technology in a research report on Monday, June 12th. Eleven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.63.

The company has a market cap of $5.27 billion, a PE ratio of 41.41 and a beta of 0.68. The company has a 50 day moving average of $62.97 and a 200 day moving average of $56.32.

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 Zacks’ 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 firm had revenue of $140.70 million during the quarter, compared to analyst estimates of $141.48 million. During the same period last year, the business earned $0.64 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Equities research analysts predict that Dupont Fabros Technology, Inc. will post $1.77 earnings per share for the current fiscal year.

In other Dupont Fabros Technology news, EVP Maria Kenny sold 149,910 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $61.49, for a total transaction of $9,217,965.90. Following the transaction, the executive vice president now owns 122,638 shares of the company’s stock, valued at approximately $7,541,010.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $18,209,453.80. Following the transaction, the chairman now directly owns 215,673 shares in the company, valued at approximately $13,259,576.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 801,397 shares of company stock worth $49,701,799. Corporate insiders own 5.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Navellier & Associates Inc increased its stake in Dupont Fabros Technology by 392.2% during the 2nd quarter. Navellier & Associates Inc now owns 47,182 shares of the real estate investment trust’s stock valued at $2,886,000 after buying an additional 37,596 shares during the period. WFG Advisors LP acquired a new position in Dupont Fabros Technology during the 2nd quarter valued at about $318,000. Public Employees Retirement System of Ohio increased its stake in Dupont Fabros Technology by 67.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 180,324 shares of the real estate investment trust’s stock valued at $11,029,000 after buying an additional 72,346 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Dupont Fabros Technology by 0.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,635 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 72 shares during the period. Finally, C M Bidwell & Associates Ltd. increased its stake in Dupont Fabros Technology by 142.1% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,385 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 1,400 shares during the period.

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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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