KeyCorp Analysts Decrease Earnings Estimates for DDR Corp. (DDR)

DDR Corp. (NYSE:DDR) – Investment analysts at KeyCorp lowered their Q2 2018 earnings estimates for shares of DDR in a note issued to investors on Wednesday, April 25th. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.25. KeyCorp also issued estimates for DDR’s Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.22 EPS and FY2019 earnings at $0.86 EPS.

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DDR (NYSE:DDR) last announced its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.19). DDR had a negative return on equity of 6.36% and a negative net margin of 27.97%. The business had revenue of $206.96 million for the quarter, compared to the consensus estimate of $196.86 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. DDR’s quarterly revenue was down 10.4% compared to the same quarter last year.

Several other analysts also recently weighed in on DDR. Boenning Scattergood restated a “sell” rating on shares of DDR in a research report on Thursday. Deutsche Bank dropped their price objective on DDR from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, April 17th. Stifel Nicolaus dropped their price objective on DDR from $8.50 to $7.25 and set a “hold” rating for the company in a research report on Wednesday. Jefferies Group set a $8.00 price objective on DDR and gave the stock a “hold” rating in a research report on Friday, April 13th. Finally, Zacks Investment Research downgraded DDR from a “hold” rating to a “sell” rating in a research report on Friday, March 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.29.

Shares of DDR stock opened at $6.95 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.62. DDR has a twelve month low of $6.63 and a twelve month high of $11.37. The firm has a market cap of $2,469.61, a P/E ratio of 5.79, a price-to-earnings-growth ratio of 1.40 and a beta of 0.61.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.76 annualized dividend and a yield of 10.94%. DDR’s dividend payout ratio is presently 64.41%.

In related news, Director Alexander Otto purchased 1,351,558 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was bought at an average price of $7.81 per share, with a total value of $10,555,667.98. Following the completion of the purchase, the director now owns 48,963,634 shares in the company, valued at approximately $382,405,981.54. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired 5,027,655 shares of company stock valued at $37,275,524 over the last quarter. Corporate insiders own 17.60% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Verition Fund Management LLC acquired a new stake in shares of DDR in the fourth quarter valued at about $119,000. Lourd Capital LLC acquired a new stake in shares of DDR in the fourth quarter valued at about $136,000. GSA Capital Partners LLP acquired a new stake in shares of DDR in the third quarter valued at about $151,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of DDR by 79.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,286 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 9,003 shares during the period. Finally, Alps Advisors Inc. acquired a new stake in shares of DDR in the fourth quarter valued at about $242,000. 81.59% of the stock is owned by institutional investors.

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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.

Earnings History and Estimates for DDR (NYSE:DDR)

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