DDR Corp. (NYSE:DDR) updated its FY17 earnings guidance on Monday. The company provided earnings per share guidance of $1.12-1.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.16.
Several equities analysts have recently commented on the company. Zacks Investment Research raised DDR Corp. from a sell rating to a hold rating in a report on Wednesday, February 1st. Citigroup Inc. raised DDR Corp. from a neutral rating to a buy rating in a report on Monday, January 30th. Morgan Stanley lowered DDR Corp. from an equal weight rating to an underweight rating in a report on Monday, December 12th. They noted that the move was a valuation call. Mizuho raised DDR Corp. from an underperform rating to a neutral rating and set a $15.00 target price for the company in a report on Monday, November 7th. Finally, Boenning Scattergood lowered DDR Corp. from an outperform rating to a neutral rating and set a $15.50 target price for the company. in a report on Tuesday, October 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. DDR Corp. presently has a consensus rating of Hold and an average price target of $18.77.
Shares of DDR Corp. (NYSE:DDR) opened at 15.40 on Tuesday. DDR Corp. has a 12 month low of $14.67 and a 12 month high of $19.92. The firm has a market cap of $5.63 billion, a P/E ratio of 59.92 and a beta of 0.83. The stock’s 50 day moving average price is $15.14 and its 200-day moving average price is $16.42.
DDR Corp. (NYSE:DDR) last issued its quarterly earnings results on Monday, February 13th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.26. DDR Corp. had a net margin of 12.17% and a return on equity of 3.93%. The firm had revenue of $232.20 million for the quarter, compared to analyst estimates of $241.73 million. During the same period in the previous year, the business earned $0.31 EPS. The company’s revenue was down 5.8% compared to the same quarter last year. Equities research analysts anticipate that DDR Corp. will post $0.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Thursday, March 16th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $0.76 annualized dividend and a yield of 4.94%. DDR Corp.’s payout ratio is currently 281.49%.
In other news, Director Alexander Otto acquired 86,000 shares of the stock in a transaction dated Thursday, December 15th. The shares were bought at an average cost of $14.82 per share, for a total transaction of $1,274,520.00. Following the purchase, the director now directly owns 42,603,920 shares of the company’s stock, valued at $631,390,094.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 388,699 shares of company stock worth $5,798,871 over the last quarter. Company insiders own 16.20% of the company’s stock.
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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.
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