Dupont Fabros Technology Inc. (NYSE:DFT) shares were up 5.5% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $41.73 and last traded at $41.65, with a volume of 814,607 shares changing hands. The stock had previously closed at $39.49.

Specifically, Director Thomas D. Eckert acquired 5,000 shares of the business’s stock in a transaction on Monday, November 21st. The stock was acquired at an average cost of $39.72 per share, with a total value of $198,600.00. Following the acquisition, the director now directly owns 36,309 shares in the company, valued at approximately $1,442,193.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.90% of the stock is currently owned by corporate insiders.

A number of brokerages have issued reports on DFT. Royal Bank Of Canada raised shares of Dupont Fabros Technology from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $48.00 to $49.00 in a report on Friday, October 28th. JPMorgan Chase & Co. increased their price objective on shares of Dupont Fabros Technology from $64.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Zacks Investment Research lowered shares of Dupont Fabros Technology from a “buy” rating to a “hold” rating in a report on Thursday, September 15th. Stifel Nicolaus raised shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and cut their price objective for the company from $45.00 to $43.00 in a report on Thursday, October 6th. They noted that the move was a valuation call. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Dupont Fabros Technology in a report on Monday, August 22nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $47.32.

The company has a market capitalization of $3.13 billion, a P/E ratio of 301.81 and a beta of 0.62. The stock has a 50 day moving average price of $40.41 and a 200 day moving average price of $43.62.

Dupont Fabros Technology (NYSE:DFT) last announced its earnings results on Thursday, October 27th. The real estate investment trust reported $0.73 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The business earned $134.33 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 EPS. Analysts anticipate that Dupont Fabros Technology Inc. will post $2.79 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in DFT. Prudential Financial Inc. boosted its stake in shares of Dupont Fabros Technology by 168.8% in the first quarter. Prudential Financial Inc. now owns 18,699 shares of the real estate investment trust’s stock valued at $758,000 after buying an additional 11,742 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Dupont Fabros Technology by 12.4% in the first quarter. Geode Capital Management LLC now owns 575,804 shares of the real estate investment trust’s stock valued at $23,337,000 after buying an additional 63,682 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Dupont Fabros Technology by 22.3% in the first quarter. Legal & General Group Plc now owns 146,592 shares of the real estate investment trust’s stock valued at $5,943,000 after buying an additional 26,760 shares during the last quarter. Barclays PLC boosted its stake in shares of Dupont Fabros Technology by 11.3% in the first quarter. Barclays PLC now owns 47,549 shares of the real estate investment trust’s stock valued at $1,902,000 after buying an additional 4,818 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Dupont Fabros Technology by 43.2% in the first quarter. Panagora Asset Management Inc. now owns 358,949 shares of the real estate investment trust’s stock valued at $14,548,000 after buying an additional 108,249 shares during the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

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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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