Dupont Fabros Technology Inc. (NYSE:DFT) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 4,884,636 shares, an increase of 50.2% from the August 31st total of 3,252,458 shares. Currently, 6.5% of the company’s stock are short sold. Based on an average trading volume of 938,120 shares, the days-to-cover ratio is presently 5.2 days.
A number of large investors have recently made changes to their positions in DFT. Capital Growth Management LP acquired a new stake in shares of Dupont Fabros Technology during the first quarter worth $50,257,000. Meeder Asset Management Inc. acquired a new stake in shares of Dupont Fabros Technology during the first quarter worth $162,000. State Street Corp boosted its stake in shares of Dupont Fabros Technology by 7.4% in the first quarter. State Street Corp now owns 2,112,375 shares of the real estate investment trust’s stock worth $85,612,000 after buying an additional 146,003 shares during the period. Credit Agricole S A boosted its stake in shares of Dupont Fabros Technology by 527.6% in the first quarter. Credit Agricole S A now owns 130,969 shares of the real estate investment trust’s stock worth $5,308,000 after buying an additional 110,100 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Dupont Fabros Technology during the first quarter worth $219,000. Institutional investors and hedge funds own 98.13% of the company’s stock.
Dupont Fabros Technology (NYSE:DFT) opened at 41.25 on Monday. Dupont Fabros Technology has a 1-year low of $26.67 and a 1-year high of $48.97. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 10312.50 and a beta of 0.73. The company has a 50-day moving average of $43.47 and a 200-day moving average of $43.69.
Dupont Fabros Technology (NYSE:DFT) last announced its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.01. The business earned $128.54 million during the quarter, compared to analysts’ expectations of $127.15 million. Dupont Fabros Technology had a return on equity of 20.26% and a net margin of 7.67%. Dupont Fabros Technology’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. Analysts anticipate that Dupont Fabros Technology will post $2.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, October 7th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Wednesday, October 5th. Dupont Fabros Technology’s dividend payout ratio (DPR) is presently -2,349.71%.
DFT has been the topic of several recent research reports. Barclays PLC reaffirmed an “overweight” rating and issued a $49.00 price target (up previously from $48.00) on shares of Dupont Fabros Technology in a research report on Friday, June 17th. Zacks Investment Research raised shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Monday, July 4th. Jefferies Group reaffirmed a “hold” rating and issued a $44.00 price target on shares of Dupont Fabros Technology in a research report on Wednesday, July 6th. Citigroup Inc. raised their price target on shares of Dupont Fabros Technology from $43.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Finally, SunTrust Banks Inc. initiated coverage on shares of Dupont Fabros Technology in a research report on Thursday, July 21st. They set a “buy” rating and a $55.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $46.20.
Dupont Fabros Technology Company Profile
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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