DDR Corp (DDR) Director Buys $6,892,314.00 in Stock

DDR Corp (NYSE:DDR) Director Alexander Otto purchased 990,275 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The shares were purchased at an average price of $6.96 per share, for a total transaction of $6,892,314.00. Following the completion of the acquisition, the director now directly owns 50,278,910 shares in the company, valued at approximately $349,941,213.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Monday, February 26th, Alexander Otto purchased 1,351,558 shares of DDR stock. The shares were purchased at an average price of $7.81 per share, for a total transaction of $10,555,667.98.
  • On Thursday, February 22nd, Alexander Otto purchased 1,245,942 shares of DDR stock. The shares were purchased at an average price of $7.58 per share, for a total transaction of $9,444,240.36.

DDR Corp (NYSE DDR) traded up $0.16 during trading on Monday, reaching $7.11. 3,948,745 shares of the company’s stock traded hands, compared to its average volume of 4,712,651. The stock has a market cap of $2,565.59, a PE ratio of -9.60, a price-to-earnings-growth ratio of 1.39 and a beta of 0.61. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.82 and a current ratio of 0.82. DDR Corp has a 12 month low of $6.76 and a 12 month high of $13.00.

DDR (NYSE:DDR) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $209.43 million during the quarter, compared to analysts’ expectations of $205.20 million. DDR had a negative net margin of 27.22% and a negative return on equity of 5.56%. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. research analysts predict that DDR Corp will post 1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.76 annualized dividend and a yield of 10.69%. DDR’s dividend payout ratio (DPR) is -104.11%.

A number of institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new stake in DDR in the 4th quarter valued at about $262,000. Brookfield Asset Management Inc. boosted its position in DDR by 24.7% in the 4th quarter. Brookfield Asset Management Inc. now owns 12,769,670 shares of the real estate investment trust’s stock valued at $114,416,000 after buying an additional 2,532,900 shares during the period. Jane Street Group LLC purchased a new stake in shares of DDR in the 4th quarter worth approximately $1,729,000. Verition Fund Management LLC purchased a new stake in shares of DDR in the 4th quarter worth approximately $119,000. Finally, LPL Financial LLC lifted its position in shares of DDR by 239.8% in the 4th quarter. LPL Financial LLC now owns 52,146 shares of the real estate investment trust’s stock worth $467,000 after purchasing an additional 36,802 shares during the period. 81.58% of the stock is owned by institutional investors.

Several brokerages recently commented on DDR. Stifel Nicolaus began coverage on shares of DDR in a report on Thursday, November 30th. They set a “buy” rating and a $8.25 price target on the stock. Boenning Scattergood reiterated a “sell” rating on shares of DDR in a report on Tuesday, February 20th. Zacks Investment Research downgraded shares of DDR from a “hold” rating to a “sell” rating in a report on Monday. UBS reiterated a “neutral” rating and set a $8.00 price target (down from $9.00) on shares of DDR in a report on Tuesday, February 20th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $8.00 price target on shares of DDR in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. DDR presently has an average rating of “Hold” and an average price target of $9.65.

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DDR 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).

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

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