DDR Corp. (NYSE:DDR) – KeyCorp issued their FY2018 earnings per share (EPS) estimates for DDR Corp. in a research note issued to investors on Tuesday, according to Zacks Investment Research. KeyCorp analyst T. Thomas anticipates that the real estate investment trust will post earnings per share of $1.01 for the year. KeyCorp has a “Buy” rating and a $13.00 price objective on the stock.
DDR has been the topic of several other reports. Zacks Investment Research cut shares of DDR Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Deutsche Bank AG raised shares of DDR Corp. from a “hold” rating to a “buy” rating and raised their target price for the stock from $12.00 to $13.00 in a research report on Thursday, July 27th. Boenning Scattergood reissued a “hold” rating on shares of DDR Corp. in a research report on Thursday, July 27th. ValuEngine cut shares of DDR Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $9.00 target price (down from $11.00) on shares of DDR Corp. in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.04.
DDR Corp. (DDR) traded up $0.03 on Friday, hitting $8.28. 4,520,000 shares of the company traded hands, compared to its average volume of 5,002,322. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.61 and a quick ratio of 0.61. DDR Corp. has a twelve month low of $7.55 and a twelve month high of $15.82. The firm has a market capitalization of $3,050.89, a PE ratio of 6.90, a PEG ratio of 1.45 and a beta of 0.76.
DDR Corp. (NYSE:DDR) last released its earnings results 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. DDR Corp. had a net margin of 1.11% and a return on equity of 3.48%. The business had revenue of $220.10 million for the quarter, compared to analysts’ expectations of $218.58 million. During the same period last year, the company earned $0.33 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of DDR. Sigma Planning Corp acquired a new position in shares of DDR Corp. during the second quarter worth $100,000. Cutter & CO Brokerage Inc. acquired a new position in shares of DDR Corp. during the second quarter worth $104,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of DDR Corp. during the second quarter worth $111,000. Janney Montgomery Scott LLC acquired a new position in shares of DDR Corp. during the second quarter worth $121,000. Finally, Greenleaf Trust acquired a new position in shares of DDR Corp. during the second quarter worth $123,000. 81.29% of the stock is currently owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 12th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.18%. DDR Corp.’s payout ratio is currently -1,900.00%.
DDR Corp. 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).
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