DDR Corp. (DDR) Director Alexander Otto Acquires 1,124,158 Shares

DDR Corp. (NYSE:DDR) Director Alexander Otto bought 1,124,158 shares of the company’s stock in a transaction that occurred on Monday, June 25th. The stock was acquired at an average cost of $17.86 per share, for a total transaction of $20,077,461.88. Following the acquisition, the director now directly owns 30,623,353 shares of the company’s stock, valued at $546,933,084.58. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Alexander Otto also recently made the following trade(s):

  • On Thursday, June 21st, Alexander Otto bought 485,580 shares of DDR stock. The stock was acquired at an average cost of $17.88 per share, for a total transaction of $8,682,170.40.
  • On Monday, June 18th, Alexander Otto bought 236,237 shares of DDR stock. The stock was acquired at an average cost of $17.09 per share, for a total transaction of $4,037,290.33.
  • On Monday, May 14th, Alexander Otto bought 690,632 shares of DDR stock. The stock was acquired at an average cost of $7.43 per share, for a total transaction of $5,131,395.76.
  • On Wednesday, May 9th, Alexander Otto bought 374,157 shares of DDR stock. The stock was acquired at an average cost of $7.47 per share, for a total transaction of $2,794,952.79.
  • On Monday, May 7th, Alexander Otto bought 341,225 shares of DDR stock. The stock was acquired at an average cost of $7.39 per share, for a total transaction of $2,521,652.75.
  • On Friday, May 4th, Alexander Otto bought 246,662 shares of DDR stock. The stock was acquired at an average cost of $7.27 per share, for a total transaction of $1,793,232.74.
  • On Wednesday, May 2nd, Alexander Otto bought 662,341 shares of DDR stock. The stock was acquired at an average cost of $7.25 per share, for a total transaction of $4,801,972.25.
  • On Monday, April 30th, Alexander Otto bought 552,067 shares of DDR stock. The stock was acquired at an average cost of $7.30 per share, for a total transaction of $4,030,089.10.
  • On Friday, April 27th, Alexander Otto bought 708,936 shares of DDR stock. The stock was acquired at an average cost of $7.44 per share, for a total transaction of $5,274,483.84.
  • On Monday, April 2nd, Alexander Otto bought 711,616 shares of DDR stock. The stock was acquired at an average cost of $7.31 per share, for a total transaction of $5,201,912.96.

Shares of DDR opened at $17.85 on Wednesday, Marketbeat Ratings reports. DDR Corp. has a 1 year low of $13.26 and a 1 year high of $21.74. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 1.86 and a beta of 0.62. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.79 and a current ratio of 0.79.

DDR (NYSE:DDR) last announced its earnings results on Tuesday, April 24th. The real estate investment trust reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.38). DDR had a negative return on equity of 6.58% and a negative net margin of 27.97%. The business had revenue of $206.96 million for the quarter, compared to analyst estimates of $196.86 million. During the same quarter last year, the company posted $0.60 EPS. DDR’s quarterly revenue was down 10.4% on a year-over-year basis. analysts predict that DDR Corp. will post 1.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Wednesday, June 13th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $0.76 annualized dividend and a dividend yield of 4.26%. DDR’s dividend payout ratio (DPR) is 64.41%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bayesian Capital Management LP acquired a new stake in shares of DDR during the first quarter worth about $116,000. Verition Fund Management LLC acquired a new stake in shares of DDR during the fourth quarter worth about $119,000. American Century Companies Inc. acquired a new stake in shares of DDR during the first quarter worth about $173,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of DDR by 79.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,286 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 9,003 shares during the period. Finally, HRT Financial LLC acquired a new stake in shares of DDR during the first quarter worth about $194,000.

Several equities analysts recently commented on the company. ValuEngine raised DDR from a “strong sell” rating to a “sell” rating in a report on Monday, June 18th. Zacks Investment Research lowered DDR from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 19th. Boenning Scattergood reaffirmed a “sell” rating on shares of DDR in a report on Thursday, April 26th. JPMorgan Chase & Co. dropped their price objective on DDR from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, May 1st. Finally, Stifel Nicolaus dropped their price objective on DDR from $17.00 to $14.50 and set a “hold” rating on the stock in a report on Wednesday, April 25th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.19.

DDR Company Profile

DDR is an owner and manager of 258 value-oriented shopping centers representing 89 million square feet in 32 states and Puerto Rico. The Company owns a high-quality portfolio of open-air shopping centers in major metropolitan areas that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.

Insider Buying and Selling by Quarter for DDR (NYSE:DDR)

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