DDR (NYSE:DDR) will post its quarterly earnings results after the market closes on Tuesday, April 24th. Analysts expect DDR to post earnings of $0.02 per share for the quarter. DDR has set its Q1 guidance at at least $0.15 EPS.
DDR (NYSE:DDR) last announced its earnings results on Thursday, February 15th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. DDR had a negative net margin of 27.22% and a negative return on equity of 5.56%. The company had revenue of $209.43 million during the quarter, compared to analyst estimates of $205.20 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, analysts expect DDR to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NYSE:DDR opened at $6.75 on Monday. DDR has a 52-week low of $6.75 and a 52-week high of $12.74. The firm has a market capitalization of $2,491.76, a P/E ratio of 5.72, a P/E/G ratio of 1.39 and a beta of 0.61. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.62.
Several research analysts recently issued reports on the stock. Deutsche Bank cut their target price on shares of DDR from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, April 17th. Jefferies Group set a $8.00 target price on shares of DDR and gave the stock a “hold” rating in a research report on Friday, April 13th. Morgan Stanley cut their target price on shares of DDR from $9.50 to $7.50 and set an “equal weight” rating for the company in a research report on Tuesday, March 27th. Zacks Investment Research lowered shares of DDR from a “hold” rating to a “sell” rating in a research report on Monday, March 26th. Finally, Evercore ISI lowered shares of DDR from an “in-line” rating to an “underperform” rating in a research report on Monday, March 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $9.37.
In other DDR news, Director Alexander Otto purchased 1,351,558 shares of the business’s stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of $7.81 per share, for a total transaction of $10,555,667.98. Following the completion of the transaction, the director now directly owns 48,963,634 shares in the company, valued at approximately $382,405,981.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 5,027,655 shares of company stock valued at $37,275,524. Company insiders own 17.60% of the company’s stock.
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DDR Company Profile
DDR is an owner and manager of 273 value-oriented shopping centers representing 92 million square feet in 33 states and Puerto Rico. The Company owns a high-quality portfolio of open-air shopping centers in major metropolitan areas that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.
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