Shares of DuPont Fabros Technology, Inc. (NYSE:DFT) have earned an average rating of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $60.15.

Several research analysts recently commented on the stock. BidaskClub lowered shares of DuPont Fabros Technology from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada lowered shares of DuPont Fabros Technology from an “outperform” rating to a “sector perform” rating and set a $62.00 price objective for the company. in a research note on Monday, July 31st. Cowen and Company reiterated a “buy” rating and set a $59.00 price objective on shares of DuPont Fabros Technology in a research note on Friday, July 21st. Jefferies Group LLC restated a “hold” rating and set a $63.00 price target on shares of DuPont Fabros Technology in a research note on Friday, July 14th. Finally, ValuEngine upgraded shares of DuPont Fabros Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

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In related news, EVP Scott A. Davis sold 44,067 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $62.50, for a total transaction of $2,754,187.50. Following the sale, the executive vice president now directly owns 104,997 shares of the company’s stock, valued at $6,562,312.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $2,798,971.20. Following the sale, the general counsel now directly owns 62,548 shares in the company, valued at $3,915,504.80. The disclosure for this sale can be found here. Insiders sold a total of 113,779 shares of company stock worth $7,153,309 over the last ninety days. Insiders own 5.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in DuPont Fabros Technology by 3,277.7% during the first quarter. BlackRock Inc. now owns 6,689,865 shares of the real estate investment trust’s stock worth $331,749,000 after buying an additional 6,491,806 shares in the last quarter. CNH Partners LLC purchased a new stake in DuPont Fabros Technology during the second quarter worth $190,756,000. State Street Corp boosted its holdings in DuPont Fabros Technology by 15.1% during the first quarter. State Street Corp now owns 2,813,663 shares of the real estate investment trust’s stock worth $139,529,000 after buying an additional 370,099 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in DuPont Fabros Technology by 263.6% during the second quarter. Daiwa Securities Group Inc. now owns 2,437,272 shares of the real estate investment trust’s stock worth $149,064,000 after buying an additional 1,767,028 shares in the last quarter. Finally, AEW Capital Management L P boosted its holdings in DuPont Fabros Technology by 1.9% during the second quarter. AEW Capital Management L P now owns 2,359,739 shares of the real estate investment trust’s stock worth $144,322,000 after buying an additional 43,620 shares in the last quarter.

DuPont Fabros Technology Company 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.

Analyst Recommendations for DuPont Fabros Technology (NYSE:DFT)

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