Tributary Capital Management LLC Has $1.84 Million Position in Dupont Fabros Technology, Inc. (DFT)

Tributary Capital Management LLC cut its stake in Dupont Fabros Technology, Inc. (NYSE:DFT) by 41.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,100 shares of the real estate investment trust’s stock after selling 21,500 shares during the period. Tributary Capital Management LLC’s holdings in Dupont Fabros Technology were worth $1,841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DFT. Penserra Capital Management LLC purchased a new position in shares of Dupont Fabros Technology during the first quarter valued at approximately $102,000. Meeder Asset Management Inc. purchased a new position in shares of Dupont Fabros Technology during the first quarter valued at approximately $109,000. Creative Planning increased its position 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 last quarter. Catawba Capital Management VA purchased a new position in shares of Dupont Fabros Technology during the first quarter valued at approximately $200,000. Finally, GW&K Investment Management LLC purchased a new position in shares of Dupont Fabros Technology during the first quarter valued at approximately $203,000.

Dupont Fabros Technology, Inc. (NYSE:DFT) traded down 0.02% during mid-day trading on Tuesday, hitting $61.94. 116,652 shares of the stock were exchanged. The stock has a 50 day moving average of $61.88 and a 200-day moving average of $53.42. Dupont Fabros Technology, Inc. has a 52-week low of $37.54 and a 52-week high of $66.18. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 37.72 and a beta of 0.68.

Dupont Fabros Technology (NYSE:DFT) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.77 by $0.39. The firm had revenue of $140.70 million for the quarter, compared to analysts’ expectations of $141.48 million. Dupont Fabros Technology had a net margin of 26.05% and a return on equity of 19.58%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 EPS. Equities analysts predict that Dupont Fabros Technology, Inc. will post $1.83 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $2.00 annualized dividend and a yield of 3.23%. Dupont Fabros Technology’s dividend payout ratio (DPR) is presently 121.95%.

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A number of research analysts have issued reports on the stock. UBS AG downgraded shares of Dupont Fabros Technology from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 22nd. TheStreet downgraded shares of Dupont Fabros Technology from a “b” rating to a “c+” rating in a research report on Monday, July 31st. Royal Bank Of Canada downgraded shares of Dupont Fabros Technology from an “outperform” rating to a “sector perform” rating and set a $62.00 price objective on the stock. in a research report on Monday, July 31st. Barclays PLC boosted their price objective on shares of Dupont Fabros Technology from $55.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $64.00 price objective on shares of Dupont Fabros Technology in a research report on Friday, July 21st. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Dupont Fabros Technology has a consensus rating of “Hold” and a consensus target price of $57.63.

In other Dupont Fabros Technology news, CFO Jeffrey H. Foster sold 64,843 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $61.49, for a total value of $3,987,196.07. Following the completion of the sale, the chief financial officer now owns 40,447 shares of the company’s stock, valued at $2,487,086.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frederic V. Malek sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $62.71, for a total value of $1,881,300.00. Following the completion of the sale, the director now directly owns 112,375 shares of the company’s stock, valued at approximately $7,047,036.25. The disclosure for this sale can be found here. In the last three months, insiders sold 776,397 shares of company stock valued at $48,101,649. 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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