DDR Corp (NYSE:DDR) – Investment analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of DDR in a note issued to investors on Tuesday. Jefferies Group analyst G. Hoglund forecasts that the real estate investment trust will earn $0.26 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $8.00 price target on the stock. Jefferies Group also issued estimates for DDR’s Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.23 EPS and FY2020 earnings at $1.05 EPS.
A number of other research firms also recently weighed in on DDR. ValuEngine downgraded DDR from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Boenning Scattergood reissued a “sell” rating on shares of DDR in a research note on Monday, December 18th. Mizuho set a $9.00 price target on DDR and gave the company a “hold” rating in a research note on Monday, December 18th. Capital One Financial reaffirmed an “equal weight” rating on shares of DDR in a research note on Friday, December 15th. Finally, Zacks Investment Research downgraded DDR from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. DDR currently has an average rating of “Hold” and an average price target of $9.65.
DDR (NYSE:DDR) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. The company had revenue of $209.43 million for the quarter, compared to the consensus estimate of $205.20 million. DDR had a negative return on equity of 5.38% and a negative net margin of 27.22%. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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 during the period. Finally, TIAA FSB acquired a new stake in shares of DDR in the 3rd quarter valued at about $205,000. 79.17% of the stock is currently owned by hedge funds and other institutional investors.
In other DDR news, Director Alexander Otto acquired 1,245,942 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average price of $7.58 per share, with a total value of $9,444,240.36. Following the purchase, the director now owns 47,633,065 shares of the company’s stock, valued at approximately $361,058,632.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.10% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 16th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 9.99%. The ex-dividend date is Thursday, March 15th. DDR’s payout ratio is presently -104.11%.
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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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