Loeb Partners Corp Acquires New Position in Dupont Fabros Technology, Inc. (NYSE:DFT)

Loeb Partners Corp purchased a new position in shares of Dupont Fabros Technology, Inc. (NYSE:DFT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,000 shares of the real estate investment trust’s stock, valued at approximately $979,000.

A number of other large investors also recently bought and sold shares of the stock. Penserra Capital Management LLC acquired a new stake in shares of Dupont Fabros Technology during the first quarter valued at $102,000. Meeder Asset Management Inc. acquired a new stake in shares of Dupont Fabros Technology during the first quarter valued at $109,000. Creative Planning raised its stake in shares of Dupont Fabros Technology by 56.4% in the first quarter. Creative Planning now owns 3,990 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 1,439 shares during the period. Catawba Capital Management VA acquired a new stake in shares of Dupont Fabros Technology during the first quarter valued at $200,000. Finally, GW&K Investment Management LLC acquired a new stake in shares of Dupont Fabros Technology during the first quarter valued at $203,000.

Dupont Fabros Technology, Inc. (NYSE DFT) opened at 62.29 on Friday. The firm has a 50 day moving average price of $61.33 and a 200 day moving average price of $54.66. The stock has a market capitalization of $4.83 billion, a P/E ratio of 37.94 and a beta of 0.68. Dupont Fabros Technology, Inc. has a 52 week low of $37.54 and a 52 week high of $66.18.

Dupont Fabros Technology (NYSE:DFT) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by $0.39. Dupont Fabros Technology had a return on equity of 19.58% and a net margin of 26.05%. The business had revenue of $140.70 million during the quarter, compared to the consensus estimate of $141.48 million. During the same period last year, the company earned $0.64 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts predict that Dupont Fabros Technology, Inc. will post $1.80 earnings per share for the current year.

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DFT has been the topic of several research analyst reports. Stifel Nicolaus lowered Dupont Fabros Technology from a “buy” rating to a “hold” rating and cut their target price for the stock from $57.00 to $54.00 in a research report on Monday, April 24th. Zacks Investment Research lowered Dupont Fabros Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Royal Bank Of Canada reissued a “buy” rating on shares of Dupont Fabros Technology in a research report on Monday, May 1st. KeyCorp raised Dupont Fabros Technology from a “sector weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a research report on Tuesday, May 2nd. Finally, ValuEngine raised Dupont Fabros Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Dupont Fabros Technology currently has a consensus rating of “Hold” and an average target price of $57.63.

In related news, General Counsel Richard A. Montfort, Jr. sold 44,712 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $62.60, for a total value of $2,798,971.20. Following the completion of the transaction, the general counsel now directly owns 62,548 shares of the company’s stock, valued at approximately $3,915,504.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey H. Foster sold 64,843 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $61.49, for a total value of $3,987,196.07. Following the transaction, the chief financial officer now directly owns 40,447 shares of the company’s stock, valued at $2,487,086.03. The disclosure for this sale can be found here. Insiders sold a total of 776,397 shares of company stock valued at $48,101,649 over the last three months. Corporate insiders own 5.60% of the company’s stock.

Dupont Fabros Technology Company Profile

DuPont Fabros Technology, Inc (DFT) is a real estate investment trust (REIT). The Company owns, acquires, develops and operates wholesale data centers. The Company’s customers include national and international enterprises across various industries, such as technology, Internet, content providers, cloud providers, media, communications, healthcare and financial services.

Institutional Ownership by Quarter for Dupont Fabros Technology (NYSE:DFT)

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