California State Teachers Retirement System increased its stake in DuPont Fabros Technology, Inc. (NYSE:DFT) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,035 shares of the real estate investment trust’s stock after buying an additional 1,914 shares during the period. California State Teachers Retirement System owned 0.18% of DuPont Fabros Technology worth $3,721,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boston Advisors raised its position in DuPont Fabros Technology by 5.0% in the fourth quarter. Boston Advisors now owns 591,247 shares of the real estate investment trust’s stock worth $18,796,000 after buying an additional 28,037 shares in the last quarter. DIAM Co. Ltd. raised its position in DuPont Fabros Technology by 20.4% in the fourth quarter. DIAM Co. Ltd. now owns 361,160 shares of the real estate investment trust’s stock worth $11,703,000 after buying an additional 61,260 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in DuPont Fabros Technology by 1.2% in the fourth quarter. Nationwide Fund Advisors now owns 48,668 shares of the real estate investment trust’s stock worth $1,547,000 after buying an additional 573 shares in the last quarter.
Shares of DuPont Fabros Technology, Inc. (NYSE:DFT) opened at 40.38 on Friday. The company’s market capitalization is $2.63 billion. DuPont Fabros Technology, Inc. has a 1-year low of $24.88 and a 1-year high of $40.55. The firm has a 50-day moving average of $36.23 and a 200 day moving average of $31.86.
DuPont Fabros Technology (NYSE:DFT) last announced its quarterly earnings data on Thursday, February 4th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. The firm earned $115.90 million during the quarter, compared to analysts’ expectations of $110.32 million. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS. On average, analysts anticipate that DuPont Fabros Technology, Inc. will post $2.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 15th. Shareholders of record on Friday, April 1st will be given a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $1.88 dividend on an annualized basis and a yield of 4.66%.
DFT has been the subject of a number of recent research reports. Jefferies Group reiterated a “hold” rating on shares of DuPont Fabros Technology in a research note on Monday, February 8th. Zacks Investment Research lowered shares of DuPont Fabros Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, January 13th. Evercore ISI upgraded shares of DuPont Fabros Technology from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Tuesday, February 2nd. Barclays boosted their price target on shares of DuPont Fabros Technology from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, March 22nd. Finally, SunTrust restated a “buy” rating on shares of DuPont Fabros Technology in a research report on Friday, January 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. DuPont Fabros Technology presently has a consensus rating of “Hold” and an average target price of $36.25.
In other DuPont Fabros Technology news, EVP Scott A. Davis sold 22,594 shares of the company’s stock in a transaction dated Tuesday, February 9th. The shares were sold at an average price of $33.03, for a total value of $746,279.82. Following the transaction, the executive vice president now owns 89,986 shares of the company’s stock, valued at $2,972,237.58. The transaction was disclosed in a filing with the Securities Exchange Commission, which is available at this link. Also, Director Michael A. Coke sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 10th. The shares were sold at an average price of $34.07, for a total transaction of $170,350.00. Following the completion of the transaction, the director now directly owns 30,065 shares in the company, valued at approximately $1,024,314.55. The disclosure for this sale can be found here.
DuPont Fabros Technology, Inc is an owner, developer, operator and manager of enterprise-class, carrier-neutral, large multi-tenant wholesale data centers. The Company’s facilities are designed to offer specialized, efficient and safe computing environments in a low-cost operating model. The Company’s customers outsource their mission-critical applications and include national and international enterprises across numerous industries, such as technology, Internet content providers, media, communications, cloud-based, healthcare and financial services.
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