Dupont Fabros Technology Inc. (DFT) Director Thomas D. Eckert Acquires 5,000 Shares of Stock
Dupont Fabros Technology Inc. (NYSE:DFT) Director Thomas D. Eckert bought 5,000 shares of Dupont Fabros Technology stock in a transaction that occurred on Monday, November 21st. The shares were acquired at an average cost of $39.72 per share, for a total transaction of $198,600.00. Following the acquisition, the director now owns 36,309 shares in the company, valued at approximately $1,442,193.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Dupont Fabros Technology Inc. (NYSE:DFT) traded up 1.98% on Tuesday, hitting $40.27. 47,774 shares of the stock were exchanged. The stock’s 50 day moving average price is $40.38 and its 200 day moving average price is $43.62. Dupont Fabros Technology Inc. has a 52-week low of $28.83 and a 52-week high of $48.97. The firm has a market cap of $3.03 billion, a PE ratio of 291.81 and a beta of 0.62.
Dupont Fabros Technology (NYSE:DFT) last released its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.73. The firm earned $134.33 million during the quarter, compared to analysts’ expectations of $131.90 million. Dupont Fabros Technology had a return on equity of 21.81% and a net margin of 9.36%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. Equities research analysts forecast that Dupont Fabros Technology Inc. will post $2.79 earnings per share for the current year.
Several equities analysts have recently commented on DFT shares. Jefferies Group reissued a “hold” rating on shares of Dupont Fabros Technology in a report on Tuesday, September 13th. Barclays PLC boosted their target price on shares of Dupont Fabros Technology from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, August 3rd. Raymond James Financial Inc. upgraded shares of Dupont Fabros Technology from a “market perform” rating to an “outperform” rating and set a $47.00 price target on the stock in a research report on Wednesday, September 14th. Zacks Investment Research cut shares of Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Finally, RBC Capital Markets upgraded shares of Dupont Fabros Technology from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $48.00 to $49.00 in a research report on Friday, October 28th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.32.
Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. purchased a new stake in Dupont Fabros Technology during the second quarter worth about $109,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Dupont Fabros Technology by 7.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,664 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 262 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in 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 worth $157,000 after buying an additional 3,264 shares during the last quarter. Zacks Investment Management purchased a new stake in Dupont Fabros Technology during the third quarter worth about $231,000. Finally, Hancock Holding Co. purchased a new stake in Dupont Fabros Technology during the second quarter worth about $237,000. 98.82% of the stock is owned by hedge funds and other institutional investors.
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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