Dupont Fabros Technology Inc. (DFT) Sees Significant Growth in Short Interest
Dupont Fabros Technology Inc. (NYSE:DFT) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 4,884,636 shares, an increase of 50.2% from the August 31st total of 3,252,458 shares. Based on an average trading volume of 938,120 shares, the short-interest ratio is currently 5.2 days. Currently, 6.5% of the company’s shares are short sold.
A number of analysts have recently commented on DFT shares. Zacks Investment Research upgraded Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Friday, September 16th. Raymond James Financial Inc. upgraded Dupont Fabros Technology from a “market perform” rating to an “outperform” rating and set a $47.00 price target on the stock in a report on Wednesday, September 14th. Jefferies Group restated a “hold” rating on shares of Dupont Fabros Technology in a report on Tuesday, September 13th. Barclays PLC lifted their target price on Dupont Fabros Technology from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Dupont Fabros Technology from $64.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Dupont Fabros Technology has a consensus rating of “Hold” and an average target price of $46.20.
Institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. acquired a new position in shares of Dupont Fabros Technology during the second quarter valued at $109,000. BNP Paribas Arbitrage SA boosted its position in shares of Dupont Fabros Technology by 6,944.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,311 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 3,264 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dupont Fabros Technology by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,402 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 307 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Dupont Fabros Technology during the first quarter valued at $162,000. Finally, Hancock Holding Co. acquired a new position in shares of Dupont Fabros Technology during the second quarter valued at $237,000. 98.13% of the stock is currently owned by institutional investors.
Dupont Fabros Technology (NYSE:DFT) opened at 41.25 on Monday. The firm has a market cap of $3.10 billion, a P/E ratio of 10312.50 and a beta of 0.73. The stock has a 50 day moving average price of $43.47 and a 200 day moving average price of $43.69. Dupont Fabros Technology has a 52-week low of $26.67 and a 52-week high of $48.97.
Dupont Fabros Technology (NYSE:DFT) last released its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.01. The company had revenue of $128.54 million for the quarter, compared to the consensus estimate of $127.15 million. Dupont Fabros Technology had a return on equity of 20.26% and a net margin of 7.67%. Dupont Fabros Technology’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $0.62 EPS. Equities analysts predict that Dupont Fabros Technology will post $2.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, October 7th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.56%. Dupont Fabros Technology’s dividend payout ratio (DPR) is presently -2,349.71%.
About Dupont Fabros Technology
DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company is a self-administered and self-managed company that owns, acquires, develops and operates wholesale data centers. The Company’s customers outsource their applications, and include national and international enterprises across various industries, such as technology, Internet content providers, media, communications, cloud providers, healthcare and financial services.
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