Media stories about DDR Corp. (NYSE:DDR) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DDR Corp. earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 75 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- DDR Corp. (NYSE:DDR) Experiences Lighter than Average Trading Volume – Highlight Press (highlightpress.com)
- DDR Corp. (DDR) Shares Bought by State Street Corp (cote-ivoire.com)
- FY2018 Earnings Estimate for DDR Corp. (DDR) Issued By KeyCorp (campdesrecrues.com)
- $0.28 Earnings Per Share Expected for DDR Corp. (DDR) This Quarter (americanbankingnews.com)
- DDR Corp. (DDR) – Citigroup Maintains Rating And Updates Price Target – Highlight Press (highlightpress.com)
Several equities research analysts recently issued reports on DDR shares. Royal Bank Of Canada reissued a “hold” rating and set a $14.00 price target on shares of DDR Corp. in a research report on Thursday, April 27th. Citigroup Inc. dropped their price target on DDR Corp. from $16.50 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, May 9th. ValuEngine lowered DDR Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reissued a “hold” rating and set a $13.00 price target on shares of DDR Corp. in a research report on Monday, April 24th. Finally, KeyCorp dropped their price target on DDR Corp. from $17.50 to $16.50 and set an “overweight” rating on the stock in a research report on Wednesday, March 22nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.43.
Shares of DDR Corp. (NYSE:DDR) traded up 2.55% during midday trading on Wednesday, reaching $9.25. The company’s stock had a trading volume of 996,293 shares. The stock has a 50 day moving average price of $8.99 and a 200-day moving average price of $12.52. DDR Corp. has a 52-week low of $8.11 and a 52-week high of $19.92. The company’s market capitalization is $3.39 billion.
DDR Corp. (NYSE:DDR) last announced its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $230.98 million for the quarter, compared to analyst estimates of $230.91 million. DDR Corp. had a positive return on equity of 1.60% and a negative net margin of 4.17%. DDR Corp.’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. Equities research analysts expect that DDR Corp. will post ($0.15) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.76 annualized dividend and a yield of 8.43%. DDR Corp.’s payout ratio is -475.00%.
In other DDR Corp. news, Director Alexander Otto acquired 500,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was purchased at an average price of $9.52 per share, for a total transaction of $4,760,000.00. Following the transaction, the director now owns 44,509,893 shares in the company, valued at approximately $423,734,181.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David R. Lukes acquired 170,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was acquired at an average price of $9.48 per share, with a total value of $1,611,600.00. Following the transaction, the chief executive officer now owns 372,948 shares in the company, valued at approximately $3,535,547.04. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,357,325 shares of company stock valued at $12,714,410. Corporate insiders own 16.20% of the company’s stock.
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About DDR Corp.
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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