Today, Advisors Asset Management Inc. Sold shares of Dupont Fabros Technology Inc. (DFT)

Today, Advisors Asset Management Inc. Sold shares of Dupont Fabros Technology Inc. (DFT)
Advisors Asset Management Inc. decreased its stake in Dupont Fabros Technology Inc. (NYSE:DFT) by 38.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 21,283 shares of the real estate investment trust’s stock after selling 13,369 shares during the period. Advisors Asset Management Inc.’s holdings in Dupont Fabros Technology were worth $878,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DFT. Advisor Group Inc. purchased a new stake in shares of Dupont Fabros Technology during the second quarter valued at $109,000. BNP Paribas Arbitrage SA boosted its stake in shares of Dupont Fabros Technology by 6,944.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,311 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 3,264 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dupont Fabros Technology by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,402 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 307 shares in the last quarter. Hancock Holding Co. purchased a new stake in shares of Dupont Fabros Technology during the second quarter valued at $237,000. Finally, Shinko Asset Management Co. Ltd. boosted its stake in shares of Dupont Fabros Technology by 3.5% in the third quarter. Shinko Asset Management Co. Ltd. now owns 5,900 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 200 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Dupont Fabros Technology Inc. (NYSE:DFT) traded down 1.56% during midday trading on Thursday, reaching $41.00. 549,550 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $40.45 and its 200 day moving average price is $43.60. Dupont Fabros Technology Inc. has a 1-year low of $28.83 and a 1-year high of $48.97. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 297.10 and a beta of 0.62.

Dupont Fabros Technology (NYSE:DFT) last issued its earnings results on Thursday, October 27th. The real estate investment trust reported $0.73 EPS for the quarter, meeting the consensus estimate of $0.73. The company earned $134.33 million during the quarter, compared to analysts’ expectations of $131.90 million. Dupont Fabros Technology had a net margin of 9.36% and a return on equity of 21.81%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. Equities research analysts anticipate that Dupont Fabros Technology Inc. will post $2.79 EPS for the current year.

Several analysts have weighed in on DFT shares. Zacks Investment Research raised shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Monday, August 15th. Stifel Nicolaus raised shares of Dupont Fabros Technology from a “hold” rating to a “buy” rating and decreased their price target for the company from $45.00 to $43.00 in a research note on Thursday, October 6th. They noted that the move was a valuation call. Jefferies Group reissued a “hold” rating and set a $49.00 price target (up from $46.00) on shares of Dupont Fabros Technology in a research note on Thursday, August 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Dupont Fabros Technology from $64.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Dupont Fabros Technology presently has a consensus rating of “Buy” and an average target price of $47.32.

In other news, Director Thomas D. Eckert bought 5,000 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was bought at an average cost of $39.72 per share, for a total transaction of $198,600.00. Following the transaction, the director now owns 36,309 shares of the company’s stock, valued at $1,442,193.48. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by insiders.

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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