DDR Corp. (NYSE:DDR) – Equities researchers at KeyCorp decreased their FY2017 earnings estimates for DDR Corp. in a report released on Wednesday. KeyCorp analyst T. Thomas now expects that the firm will earn $1.18 per share for the year, down from their prior forecast of $1.28. KeyCorp currently has a “Buy” rating and a $21.00 target price on the stock.
DDR Corp. (NYSE:DDR) last issued its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. DDR Corp. had a return on equity of 7.76% and a net margin of 24.27%. The firm earned $245.90 million during the quarter, compared to the consensus estimate of $243.03 million. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised DDR Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Monday, October 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $19.00 target price on shares of DDR Corp. in a research report on Wednesday, July 27th. Canaccord Genuity increased their price target on DDR Corp. from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, August 16th. Deutsche Bank AG increased their price target on DDR Corp. from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, July 18th. Finally, BTIG Research assumed coverage on DDR Corp. in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.04.
Shares of DDR Corp. (NYSE:DDR) traded up 1.23% during trading on Monday, reaching $16.52. The company’s stock had a trading volume of 2,725,893 shares. The firm’s 50-day moving average is $17.86 and its 200 day moving average is $18.01. DDR Corp. has a 52-week low of $15.36 and a 52-week high of $19.92. The company has a market cap of $6.03 billion, a PE ratio of 27.72 and a beta of 1.00.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 11th. Stockholders of record on Friday, September 23rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Wednesday, September 21st. DDR Corp.’s payout ratio is 126.67%.
In other news, Director Scott D. Roulston purchased 5,500 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was bought at an average cost of $18.61 per share, for a total transaction of $102,355.00. Following the purchase, the director now owns 18,723 shares of the company’s stock, valued at $348,435.03. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert H. Gidel sold 16,000 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of $19.50, for a total value of $312,000.00. Following the completion of the transaction, the director now owns 51,954 shares of the company’s stock, valued at $1,013,103. The disclosure for this sale can be found here. 16.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DDR. Tower Research Capital LLC TRC boosted its position in shares of DDR Corp. by 2,638.3% in the second quarter. Tower Research Capital LLC TRC now owns 8,215 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 7,915 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of DDR Corp. by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,900 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 100 shares during the last quarter. GSA Capital Partners LLP bought a new stake in DDR Corp. during the second quarter worth $245,000. Gateway Investment Advisers LLC increased its stake in DDR Corp. by 7.8% in the second quarter. Gateway Investment Advisers LLC now owns 14,563 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,051 shares during the last quarter. Finally, World Asset Management Inc increased its stake in DDR Corp. by 6.5% in the second quarter. World Asset Management Inc now owns 14,895 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 907 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.
DDR Corp. Company Profile
DDR Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: shopping centers and loan investments. The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, it engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers.
Receive News & Ratings for DDR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DDR Corp. and related companies with MarketBeat.com's FREE daily email newsletter.