A number of other research firms also recently issued reports on DDR. Boenning Scattergood restated a hold rating on shares of DDR Corp. in a report on Thursday, July 27th. Deutsche Bank AG upgraded shares of DDR Corp. from a hold rating to a buy rating and boosted their target price for the company from $12.00 to $13.00 in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of DDR Corp. from a sell rating to a hold rating in a report on Monday, July 31st. ValuEngine downgraded shares of DDR Corp. from a buy rating to a hold rating in a report on Friday, September 1st. Finally, BidaskClub upgraded shares of DDR Corp. from a sell rating to a hold rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. DDR Corp. currently has a consensus rating of Hold and a consensus target price of $12.85.
DDR Corp. (DDR) opened at 8.83 on Monday. DDR Corp. has a 52-week low of $8.11 and a 52-week high of $16.59. The stock’s market cap is $3.24 billion. The company’s 50 day moving average is $9.50 and its 200-day moving average is $9.96.
DDR Corp. (NYSE:DDR) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.22). DDR Corp. had a negative net margin of 5.48% and a positive return on equity of 1.24%. The company had revenue of $227.40 million during the quarter, compared to analysts’ expectations of $222.90 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. DDR Corp.’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, equities analysts anticipate that DDR Corp. will post ($0.12) earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 25th. This represents a $0.76 annualized dividend and a yield of 8.61%. DDR Corp.’s dividend payout ratio is currently -379.98%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sigma Planning Corp purchased a new position in shares of DDR Corp. in the second quarter valued at $100,000. Cutter & CO Brokerage Inc. purchased a new position in shares of DDR Corp. in the second quarter valued at $104,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of DDR Corp. in the second quarter valued at $111,000. Janney Montgomery Scott LLC purchased a new position in shares of DDR Corp. in the second quarter valued at $121,000. Finally, Greenleaf Trust purchased a new position in shares of DDR Corp. in the second quarter valued at $123,000. Institutional investors own 80.24% of the company’s stock.
DDR Corp. Company Profile
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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