Insider Selling: Dupont Fabros Technology, Inc. (DFT) EVP Sells 44,067 Shares of Stock
Dupont Fabros Technology, Inc. (NYSE:DFT) EVP Scott A. Davis sold 44,067 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $62.50, for a total value of $2,754,187.50. Following the completion of the transaction, the executive vice president now owns 104,997 shares in the company, valued at approximately $6,562,312.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Dupont Fabros Technology, Inc. (NYSE DFT) traded down 0.98% during mid-day trading on Monday, reaching $61.95. The company’s stock had a trading volume of 417,354 shares. The firm has a 50-day moving average of $61.88 and a 200-day moving average of $53.42. Dupont Fabros Technology, Inc. has a 52 week low of $37.54 and a 52 week high of $66.18. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 37.73 and a beta of 0.68.
Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.39. The business had revenue of $140.70 million for the quarter, compared to analyst estimates of $141.48 million. Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, equities research analysts expect that Dupont Fabros Technology, Inc. will post $1.83 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were given a dividend of $0.50 per share. The ex-dividend date was Thursday, June 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.23%. Dupont Fabros Technology’s dividend payout ratio is presently 121.95%.
A number of research analysts have recently commented on DFT shares. ValuEngine upgraded Dupont Fabros Technology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $64.00 target price on shares of Dupont Fabros Technology in a research report on Friday, July 21st. Barclays PLC upped their target price on Dupont Fabros Technology from $55.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. KeyCorp raised Dupont Fabros Technology from a “sector weight” rating to an “overweight” rating and set a $60.00 target price for the company in a research report on Tuesday, May 2nd. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Dupont Fabros Technology in a research report on Monday, June 12th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $57.63.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of 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 buying an additional 6,491,806 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of 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 buying an additional 1,767,028 shares in the last quarter. PGGM Investments acquired a new position in shares of Dupont Fabros Technology during the first quarter valued at about $62,483,000. OppenheimerFunds Inc. increased its position in shares of Dupont Fabros Technology by 159.4% in the first quarter. OppenheimerFunds Inc. now owns 1,397,446 shares of the real estate investment trust’s stock valued at $69,300,000 after buying an additional 858,755 shares in the last quarter. Finally, Capital Growth Management LP increased its position in shares of 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 in the last quarter.
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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