Nationwide Fund Advisors raised its stake in Dupont Fabros Technology Inc. (NYSE:DFT) by 19.3% during the second quarter, Holdings Channel reports. The firm owned 55,487 shares of the real estate investment trust’s stock after buying an additional 8,962 shares during the period. Nationwide Fund Advisors owned 0.07% of Dupont Fabros Technology worth $2,638,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. Daiwa Securities Group Inc. boosted its stake in shares of Dupont Fabros Technology by 9,934.9% in the second quarter. Daiwa Securities Group Inc. now owns 250,872 shares of the real estate investment trust’s stock valued at $11,926,000 after buying an additional 248,372 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Dupont Fabros Technology during the first quarter valued at approximately $162,000. National Investment Services Inc. WI acquired a new stake in shares of Dupont Fabros Technology during the second quarter valued at approximately $266,000. 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 valued at $85,612,000 after buying an additional 146,003 shares during the period. Finally, Shinko Asset Management Co. Ltd. boosted its stake in shares of Dupont Fabros Technology by 9.8% in the second quarter. Shinko Asset Management Co. Ltd. now owns 5,700 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 510 shares during the period. Hedge funds and other institutional investors own 98.20% of the company’s stock.
Shares of Dupont Fabros Technology Inc. (NYSE:DFT) traded up 1.43% during midday trading on Monday, hitting $39.72. The company had a trading volume of 72,246 shares. The firm’s 50-day moving average is $42.52 and its 200-day moving average is $43.69. Dupont Fabros Technology Inc. has a 12-month low of $27.81 and a 12-month high of $48.97. The firm has a market capitalization of $2.99 billion, a P/E ratio of 9930.00 and a beta of 0.60.
Dupont Fabros Technology (NYSE:DFT) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.01. The firm earned $128.54 million during the quarter, compared to the consensus estimate of $127.15 million. Dupont Fabros Technology had a net margin of 7.67% and a return on equity of 20.26%. Dupont Fabros Technology’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 EPS. On average, analysts predict that Dupont Fabros Technology Inc. will post $2.78 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, October 7th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 4.80%. The ex-dividend date is Wednesday, October 5th. Dupont Fabros Technology’s dividend payout ratio is -2,349.71%.
Several equities research analysts have commented on DFT shares. Zacks Investment Research upgraded shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Friday, September 16th. Stifel Nicolaus upgraded Dupont Fabros Technology from a “hold” rating to a “buy” rating and cut their price objective for the stock from $45.00 to $43.00 in a report on Thursday. They noted that the move was a valuation call. Jefferies Group restated a “hold” rating and set a $44.00 price objective on shares of Dupont Fabros Technology in a report on Wednesday, July 6th. Citigroup Inc. boosted their price objective on Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Finally, SunTrust Banks Inc. assumed coverage on Dupont Fabros Technology in a report on Thursday, July 21st. They set a “buy” rating and a $55.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Dupont Fabros Technology presently has an average rating of “Buy” and an average price target of $45.57.
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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