Trade Report: The BlackRock Advisors LLC invests in Dupont Fabros Technology Inc. (DFT) Shares

The BlackRock Advisors LLC invests in Dupont Fabros Technology Inc. (DFT) Shares

BlackRock Advisors LLC increased its position in Dupont Fabros Technology Inc. (NYSE:DFT) by 19.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,221 shares of the real estate investment trust’s stock after buying an additional 5,758 shares during the period. BlackRock Advisors LLC’s holdings in Dupont Fabros Technology were worth $1,674,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. HighPoint Advisor Group LLC increased its position in shares of Dupont Fabros Technology by 13.4% in the second quarter. HighPoint Advisor Group LLC now owns 7,596 shares of the real estate investment trust’s stock worth $355,000 after buying an additional 900 shares in the last quarter. Convergence Investment Partners LLC acquired a new stake in Dupont Fabros Technology during the second quarter worth $2,626,000. Virginia Retirement Systems ET AL acquired a new stake in Dupont Fabros Technology during the second quarter worth $3,951,000. Vanguard Group Inc. increased its stake in Dupont Fabros Technology by 7.2% in the second quarter. Vanguard Group Inc. now owns 12,682,278 shares of the real estate investment trust’s stock worth $602,915,000 after buying an additional 846,555 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Dupont Fabros Technology by 29.5% in the second quarter. Principal Financial Group Inc. now owns 14,419 shares of the real estate investment trust’s stock worth $685,000 after buying an additional 3,282 shares during the period. 98.19% of the stock is owned by institutional investors.

Dupont Fabros Technology Inc. (NYSE:DFT) opened at 41.24 on Friday. The company has a market cap of $3.10 billion, a P/E ratio of 10310.00 and a beta of 0.59. The company’s 50 day moving average price is $41.79 and its 200-day moving average price is $43.76. Dupont Fabros Technology Inc. has a one year low of $28.83 and a one year high of $48.97.

Dupont Fabros Technology (NYSE:DFT) last issued its earnings results on Thursday, October 27th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $134.33 million for the quarter, compared to the consensus estimate of $131.90 million. Dupont Fabros Technology had a return on equity of 22.62% and a net margin of 9.36%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. On average, analysts forecast that Dupont Fabros Technology Inc. will post $2.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, October 7th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Wednesday, October 5th.

A number of equities research analysts recently weighed in on the stock. Citigroup Inc. boosted their price target on shares of Dupont Fabros Technology from $43.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Zacks Investment Research downgraded shares of Dupont Fabros Technology from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. SunTrust Banks Inc. assumed coverage on shares of Dupont Fabros Technology in a research note on Thursday, July 21st. They set a “buy” rating and a $55.00 price target for the company. 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, Barclays PLC reissued an “overweight” rating and set a $52.00 price target (up from $49.00) on shares of Dupont Fabros Technology in a research note on Tuesday, July 19th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $46.17.

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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