DDR Corp (NYSE:DDR) – Equities researchers at KeyCorp issued their Q1 2018 earnings estimates for shares of DDR in a research report issued on Tuesday, Zacks Investment Research reports. KeyCorp analyst T. Thomas expects that the real estate investment trust will earn $0.24 per share for the quarter. KeyCorp also issued estimates for DDR’s Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS and Q4 2018 earnings at $0.25 EPS.
Other analysts have also recently issued reports about the stock. Raymond James Financial reaffirmed a “buy” rating on shares of DDR in a research report on Friday, December 15th. Citigroup reaffirmed a “buy” rating on shares of DDR in a research report on Friday, December 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $8.25 price target on shares of DDR in a research report on Thursday, December 14th. Capital One Financial reaffirmed an “equal weight” rating on shares of DDR in a research report on Friday, December 15th. Finally, Mizuho set a $9.00 price target on shares of DDR and gave the stock a “hold” rating in a research report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. DDR presently has an average rating of “Hold” and a consensus price target of $9.60.
DDR stock traded down $0.04 during trading on Friday, reaching $7.29. 5,444,120 shares of the company’s stock were exchanged, compared to its average volume of 4,804,284. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.62. DDR has a 52-week low of $6.76 and a 52-week high of $13.00. The stock has a market cap of $2,705.86, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 1.46 and a beta of 0.61.
DDR (NYSE:DDR) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. DDR had a negative net margin of 27.22% and a negative return on equity of 5.56%. The company had revenue of $209.43 million during the quarter, compared to analysts’ expectations of $205.20 million. During the same period in the previous year, the company earned $0.30 EPS. The business’s quarterly revenue was down 9.8% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be issued a $0.19 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.76 dividend on an annualized basis and a yield of 10.43%. DDR’s dividend payout ratio is currently 64.41%.
In other news, Director Alexander Otto acquired 1,351,558 shares of the business’s stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $7.81 per share, for a total transaction of $10,555,667.98. Following the acquisition, the director now directly owns 48,963,634 shares of the company’s stock, valued at approximately $382,405,981.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 4,316,039 shares of company stock worth $32,073,611 in the last quarter. 16.10% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Verition Fund Management LLC acquired a new stake in shares of DDR in the 4th quarter valued at about $119,000. Lourd Capital LLC acquired a new stake in shares of DDR in the 4th quarter valued at about $136,000. GSA Capital Partners LLP acquired a new stake in shares of DDR in the 3rd quarter valued at about $151,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of DDR by 79.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,286 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 9,003 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of DDR by 24.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,930 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 4,768 shares in the last quarter. Institutional investors and hedge funds own 81.58% of the company’s stock.
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DDR Corp. is a self-administered and self-managed real estate investment trust. It operates through two segments: shopping centers and loan investments. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. As of December 31, 2016, it owned and managed approximately 106 million total square feet of gross leasable area (GLA).
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