Alpine Associates Management Inc. bought a new stake in shares of Dupont Fabros Technology, Inc. (NYSE:DFT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 357,000 shares of the real estate investment trust’s stock, valued at approximately $21,834,000. Alpine Associates Management Inc. owned approximately 0.46% of Dupont Fabros Technology as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. TIAA CREF Investment Management LLC grew its stake in Dupont Fabros Technology by 4.9% during the second quarter. TIAA CREF Investment Management LLC now owns 255,818 shares of the real estate investment trust’s stock valued at $15,646,000 after acquiring an additional 12,006 shares in the last quarter. Capital Fund Management S.A. lifted its holdings in shares of Dupont Fabros Technology by 789.1% in the 2nd quarter. Capital Fund Management S.A. now owns 104,680 shares of the real estate investment trust’s stock worth $6,402,000 after acquiring an additional 92,906 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Dupont Fabros Technology in the 2nd quarter worth about $239,000. Schroder Investment Management Group bought a new stake in shares of Dupont Fabros Technology in the 2nd quarter worth about $115,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in shares of Dupont Fabros Technology in the 2nd quarter worth about $273,000.

Shares of Dupont Fabros Technology, Inc. (NYSE DFT) traded down 2.30% during trading on Wednesday, hitting $66.32. 556,844 shares of the stock were exchanged. Dupont Fabros Technology, Inc. has a one year low of $37.54 and a one year high of $69.33. The stock’s 50 day moving average price is $63.12 and its 200 day moving average price is $56.44. The stock has a market cap of $5.14 billion, a PE ratio of 40.39 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.39). The company had revenue of $140.70 million for the quarter, compared to the consensus estimate of $141.48 million. Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. Dupont Fabros Technology’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 earnings per share. Equities research analysts predict that Dupont Fabros Technology, Inc. will post $1.77 EPS for the current year.

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In related news, Director Michael A. Coke sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $63.87, for a total transaction of $510,960.00. Following the completion of the transaction, the director now owns 20,258 shares of the company’s stock, valued at $1,293,878.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frederic V. Malek sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $62.71, for a total value of $1,881,300.00. Following the transaction, the director now directly owns 112,375 shares of the company’s stock, valued at approximately $7,047,036.25. The disclosure for this sale can be found here. In the last three months, insiders sold 801,397 shares of company stock valued at $49,701,799. Company insiders own 5.60% of the company’s stock.

Several equities research analysts have recently issued reports on DFT shares. Royal Bank Of Canada lowered shares of Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $59.00 to $62.00 in a report on Monday, June 12th. They noted that the move was a valuation call. Cowen and Company restated a “buy” rating and issued a $59.00 price target on shares of Dupont Fabros Technology in a report on Friday, July 21st. Jefferies Group LLC restated a “hold” rating and issued a $63.00 price target on shares of Dupont Fabros Technology in a report on Friday, July 14th. ValuEngine upgraded shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Compass Point reaffirmed a “neutral” rating and issued a $62.00 price objective (up previously from $57.50) 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, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $57.63.

Dupont Fabros Technology Profile

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.

Institutional Ownership by Quarter for Dupont Fabros Technology (NYSE:DFT)

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