Boenning Scattergood restated their sell rating on shares of DDR Corp. (NYSE:DDR) in a research note published on Monday. Boenning Scattergood also issued estimates for DDR Corp.’s Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $1.17 EPS, Q1 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.26 EPS and FY2018 earnings at $1.03 EPS.
A number of other analysts also recently weighed in on DDR. BidaskClub raised shares of DDR Corp. from a sell rating to a hold rating in a report on Wednesday, July 19th. Deutsche Bank AG raised shares of DDR Corp. from a hold rating to a buy rating and increased their price target for the company from $12.00 to $13.00 in a report on Thursday, July 27th. Zacks Investment Research raised shares of DDR Corp. from a sell rating to a hold rating in a report on Monday, July 31st. KeyCorp reissued a buy rating and issued a $13.00 price target on shares of DDR Corp. in a report on Friday, September 1st. Finally, ValuEngine downgraded shares of DDR Corp. from a buy rating to a hold rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $12.04.
DDR Corp. (DDR) traded up $0.07 during midday trading on Monday, hitting $7.97. 1,060,608 shares of the company traded hands, compared to its average volume of 4,689,465. The company has a current ratio of 0.61, a quick ratio of 1.65 and a debt-to-equity ratio of 1.51. The company has a market cap of $2,936.66, a P/E ratio of 6.64, a P/E/G ratio of 1.40 and a beta of 0.76. DDR Corp. has a fifty-two week low of $7.55 and a fifty-two week high of $15.82.
DDR Corp. (NYSE:DDR) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The business had revenue of $220.10 million during the quarter, compared to the consensus estimate of $218.58 million. DDR Corp. had a net margin of 1.11% and a return on equity of 3.48%. DDR Corp.’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. sell-side analysts anticipate that DDR Corp. will post 1.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date of this dividend was Monday, September 25th. DDR Corp.’s dividend payout ratio is -1,900.00%.
Several hedge funds have recently made changes to their positions in DDR. BlackRock Inc. raised its stake in shares of DDR Corp. by 4,057.9% in the 1st quarter. BlackRock Inc. now owns 20,681,069 shares of the real estate investment trust’s stock valued at $259,135,000 after buying an additional 20,183,679 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of DDR Corp. by 26.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 29,389,951 shares of the real estate investment trust’s stock worth $266,566,000 after purchasing an additional 6,219,488 shares in the last quarter. Brookfield Asset Management Inc. increased its position in shares of DDR Corp. by 312.0% during the 2nd quarter. Brookfield Asset Management Inc. now owns 8,181,400 shares of the real estate investment trust’s stock worth $74,205,000 after purchasing an additional 6,195,700 shares in the last quarter. Eaton Vance Management acquired a new stake in shares of DDR Corp. during the 2nd quarter worth about $40,491,000. Finally, Balyasny Asset Management LLC increased its position in shares of DDR Corp. by 158.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 6,707,542 shares of the real estate investment trust’s stock worth $60,837,000 after purchasing an additional 4,110,896 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.
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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