Adams Diversified Equity Fund Inc. Sells 3,900 Shares of Dupont Fabros Technology, Inc. (NYSE:DFT)

Adams Diversified Equity Fund Inc. decreased its stake in Dupont Fabros Technology, Inc. (NYSE:DFT) by 15.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,600 shares of the real estate investment trust’s stock after selling 3,900 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in Dupont Fabros Technology were worth $1,321,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DFT. Penserra Capital Management LLC bought a new position in shares of Dupont Fabros Technology during the first quarter worth about $102,000. Meeder Asset Management Inc. bought a new position in shares of Dupont Fabros Technology during the first quarter worth about $109,000. Creative Planning raised 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 worth $198,000 after buying an additional 1,439 shares during the last quarter. Catawba Capital Management VA bought a new position in shares of Dupont Fabros Technology during the first quarter worth about $200,000. Finally, GW&K Investment Management LLC bought a new position in shares of Dupont Fabros Technology during the first quarter worth about $203,000.

Dupont Fabros Technology, Inc. (DFT) traded down 0.45% during mid-day trading on Friday, hitting $62.56. 536,217 shares of the stock traded hands. The stock has a market cap of $4.85 billion, a PE ratio of 38.10 and a beta of 0.68. Dupont Fabros Technology, Inc. has a 12-month low of $37.54 and a 12-month high of $66.18. The company has a 50 day moving average of $61.88 and a 200-day moving average of $53.42.

Dupont Fabros Technology (NYSE:DFT) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.39. The firm had revenue of $140.70 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. Equities research analysts forecast that Dupont Fabros Technology, Inc. will post $1.83 earnings per share for the current year.

The company also recently disclosed 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 was Thursday, June 29th. This represents a $2.00 annualized dividend and a yield of 3.20%. Dupont Fabros Technology’s dividend payout ratio is currently 121.95%.

DFT has been the topic of a number of recent analyst reports. Jefferies Group LLC restated a “hold” rating and set a $63.00 price target on shares of Dupont Fabros Technology in a research note on Friday, July 14th. KeyCorp upgraded shares of Dupont Fabros Technology from a “sector weight” rating to an “overweight” rating and set a $60.00 price target on the stock in a research note on Tuesday, May 2nd. Royal Bank Of Canada restated a “buy” rating on shares of Dupont Fabros Technology in a research note on Monday, May 1st. Zacks Investment Research upgraded shares of Dupont Fabros Technology from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Barclays PLC restated an “overweight” rating and set a $54.00 price target (up previously from $53.00) on shares of Dupont Fabros Technology in a research note on Wednesday, April 19th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Dupont Fabros Technology presently has an average rating of “Hold” and an average target price of $57.63.

In other Dupont Fabros Technology news, CFO Jeffrey H. Foster sold 64,843 shares of the business’s 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 approximately $2,487,086.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Kenny sold 149,910 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $61.49, for a total transaction of $9,217,965.90. Following the completion of the transaction, the executive vice president now directly owns 122,638 shares in the company, valued at $7,541,010.62. The disclosure for this sale can be found here. Insiders sold a total of 657,618 shares of company stock worth $40,667,190 over the last three months. 5.60% of the stock is currently owned by corporate insiders.

About Dupont Fabros Technology

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.