Investors bought shares of Dupont Fabros Technology, Inc. (NYSE:DFT) on weakness during trading hours on Wednesday. $134.67 million flowed into the stock on the tick-up and $22.57 million flowed out of the stock on the tick-down, for a money net flow of $112.10 million into the stock. Of all equities tracked, Dupont Fabros Technology had the 4th highest net in-flow for the day. Dupont Fabros Technology traded down ($1.57) for the day and closed at $66.31
DFT has been the topic of a number of recent analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $63.00 price target on shares of Dupont Fabros Technology in a report on Friday, July 14th. BidaskClub upgraded shares of Dupont Fabros Technology from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Compass Point reiterated a “neutral” rating and set a $62.00 price target (up previously from $57.50) on shares of Dupont Fabros Technology in a report on Monday, June 12th. Royal Bank Of Canada cut shares of Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $59.00 to $62.00 in a report on Monday, June 12th. They noted that the move was a valuation call. Finally, TheStreet cut shares of Dupont Fabros Technology from a “b” rating to a “c+” rating in a report on Monday, July 31st. Eleven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.63.
The company has a market cap of $5.14 billion, a P/E ratio of 40.38 and a beta of 0.68. The firm’s 50-day moving average price is $63.31 and its 200 day moving average price is $56.56.
Dupont Fabros Technology (NYSE:DFT) last posted 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). The firm had revenue of $140.70 million for the quarter, compared to the consensus estimate 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 revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. Analysts expect that Dupont Fabros Technology, Inc. will post $1.77 EPS for the current year.
In other Dupont Fabros Technology news, CFO Jeffrey H. Foster sold 64,843 shares of the business’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 sale, the chief financial officer now owns 40,447 shares of the company’s stock, valued at approximately $2,487,086.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael A. Coke sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $63.87, for a total transaction of $510,960.00. Following the sale, the director now directly owns 20,258 shares in the company, valued at approximately $1,293,878.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 801,397 shares of company stock worth $49,701,799. 5.60% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in DFT. BlackRock Inc. grew its position in Dupont Fabros Technology by 3,277.7% during the 1st quarter. BlackRock Inc. now owns 6,689,865 shares of the real estate investment trust’s stock worth $331,749,000 after purchasing an additional 6,491,806 shares during the last quarter. CNH Partners LLC purchased a new stake in Dupont Fabros Technology during the 2nd quarter worth approximately $190,756,000. Daiwa Securities Group Inc. grew its position in Dupont Fabros Technology by 263.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,437,272 shares of the real estate investment trust’s stock worth $149,064,000 after purchasing an additional 1,767,028 shares during the last quarter. OppenheimerFunds Inc. grew its position in Dupont Fabros Technology by 159.4% during the 1st quarter. OppenheimerFunds Inc. now owns 1,397,446 shares of the real estate investment trust’s stock worth $69,300,000 after purchasing an additional 858,755 shares during the last quarter. Finally, Capital Growth Management LP grew its position in Dupont Fabros Technology by 633.3% during the 1st quarter. Capital Growth Management LP now owns 880,000 shares of the real estate investment trust’s stock worth $43,639,000 after purchasing an additional 760,000 shares during the last quarter.
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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