Teachers Advisors LLC Has $20.96 Million Stake in Dupont Fabros Technology, Inc. (NYSE:DFT)
Teachers Advisors LLC boosted its stake in Dupont Fabros Technology, Inc. (NYSE:DFT) by 2.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 422,647 shares of the real estate investment trust’s stock after buying an additional 8,465 shares during the period. Teachers Advisors LLC owned about 0.55% of Dupont Fabros Technology worth $20,959,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. OppenheimerFunds Inc. boosted 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. Bank of New York Mellon Corp boosted its position in Dupont Fabros Technology by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 1,360,296 shares of the real estate investment trust’s stock worth $67,456,000 after buying an additional 64,371 shares during the period. PGGM Investments bought a new position in Dupont Fabros Technology during the first quarter worth $62,483,000. Dimensional Fund Advisors LP boosted its position in Dupont Fabros Technology by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 992,552 shares of the real estate investment trust’s stock worth $43,603,000 after buying an additional 54,890 shares during the period. Finally, Miller Howard Investments Inc. NY boosted its position in Dupont Fabros Technology by 3.0% in the first quarter. Miller Howard Investments Inc. NY now owns 882,000 shares of the real estate investment trust’s stock worth $43,738,000 after buying an additional 25,600 shares during the period.
Dupont Fabros Technology, Inc. (NYSE DFT) traded down 0.29% during midday trading on Tuesday, reaching $61.77. The company’s stock had a trading volume of 589,420 shares. The stock’s 50-day moving average price is $61.84 and its 200-day moving average price is $53.62. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 37.62 and a beta of 0.68. Dupont Fabros Technology, Inc. has a 12 month low of $37.54 and a 12 month high of $66.18.
Dupont Fabros Technology (NYSE:DFT) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by $0.39. The business had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $141.48 million. Dupont Fabros Technology had a net margin of 26.05% and a return on equity of 19.58%. Dupont Fabros Technology’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 EPS. Analysts predict that Dupont Fabros Technology, Inc. will post $1.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.24%. Dupont Fabros Technology’s payout ratio is currently 121.95%.
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A number of equities analysts have recently weighed in on the company. UBS AG cut Dupont Fabros Technology from an “outperform” rating to a “market perform” rating in a report on Thursday, June 22nd. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Dupont Fabros Technology in a report on Thursday, June 22nd. TheStreet cut Dupont Fabros Technology from a “b” rating to a “c+” rating in a report on Monday, July 31st. Royal Bank Of Canada cut Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and set a $62.00 price target for the company. in a report on Monday, July 31st. Finally, BidaskClub cut Dupont Fabros Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $57.63.
In related news, EVP Scott A. Davis sold 44,067 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $62.50, for a total transaction of $2,754,187.50. Following the completion of the sale, the executive vice president now directly owns 104,997 shares in the company, valued at $6,562,312.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Richard A. Montfort, Jr. sold 44,712 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $62.60, for a total value of $2,798,971.20. Following the sale, the general counsel now owns 62,548 shares of the company’s stock, valued at $3,915,504.80. The disclosure for this sale can be found here. Insiders sold 776,397 shares of company stock valued at $48,101,649 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.
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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