Insider Buying: DDR Corp. (DDR) Director Acquires $5,131,395.76 in Stock

DDR Corp. (NYSE:DDR) Director Alexander Otto acquired 690,632 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was purchased at an average cost of $7.43 per share, with a total value of $5,131,395.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Alexander Otto also recently made the following trade(s):

  • On Wednesday, May 9th, Alexander Otto acquired 374,157 shares of DDR stock. The stock was purchased at an average cost of $7.47 per share, with a total value of $2,794,952.79.
  • On Monday, May 7th, Alexander Otto acquired 341,225 shares of DDR stock. The stock was purchased at an average cost of $7.39 per share, with a total value of $2,521,652.75.
  • On Friday, May 4th, Alexander Otto acquired 246,662 shares of DDR stock. The stock was purchased at an average cost of $7.27 per share, with a total value of $1,793,232.74.
  • On Wednesday, May 2nd, Alexander Otto acquired 662,341 shares of DDR stock. The stock was purchased at an average cost of $7.25 per share, with a total value of $4,801,972.25.
  • On Monday, April 30th, Alexander Otto acquired 552,067 shares of DDR stock. The stock was purchased at an average cost of $7.30 per share, with a total value of $4,030,089.10.
  • On Friday, April 27th, Alexander Otto acquired 708,936 shares of DDR stock. The stock was purchased at an average cost of $7.44 per share, with a total value of $5,274,483.84.
  • On Monday, April 2nd, Alexander Otto acquired 711,616 shares of DDR stock. The stock was purchased at an average cost of $7.31 per share, with a total value of $5,201,912.96.
  • On Wednesday, March 28th, Alexander Otto acquired 377,331 shares of DDR stock. The stock was purchased at an average cost of $7.24 per share, with a total value of $2,731,876.44.
  • On Monday, March 26th, Alexander Otto purchased 350,933 shares of DDR stock. The shares were bought at an average price of $6.98 per share, with a total value of $2,449,512.34.
  • On Friday, March 23rd, Alexander Otto purchased 990,275 shares of DDR stock. The shares were bought at an average price of $6.96 per share, with a total value of $6,892,314.00.

DDR opened at $7.20 on Friday, MarketBeat reports. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 6.10, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.79 and a quick ratio of 0.79. DDR Corp. has a 1 year low of $7.22 and a 1 year high of $7.39.

DDR’s stock is set to reverse split on Monday, May 21st. The 1-2 reverse split was announced on Tuesday, May 8th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, May 18th.

DDR (NYSE:DDR) last released its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.19). The business had revenue of $206.96 million during the quarter, compared to analysts’ expectations of $196.86 million. DDR had a negative return on equity of 6.58% and a negative net margin of 27.97%. The company’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. sell-side analysts anticipate that DDR Corp. will post 0.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Wednesday, June 13th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 10.56%. The ex-dividend date of this dividend is Tuesday, June 12th. DDR’s payout ratio is 64.41%.

Several equities research analysts have recently commented on the company. Boenning Scattergood restated a “sell” rating on shares of DDR in a research note on Tuesday, February 20th. Zacks Investment Research upgraded DDR from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 8th. UBS restated a “neutral” rating and set a $8.00 price target (down previously from $9.00) on shares of DDR in a research note on Tuesday, February 20th. Mizuho restated a “hold” rating on shares of DDR in a research note on Friday, February 23rd. Finally, Sandler O’Neill restated a “hold” rating and set a $8.00 price target on shares of DDR in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $8.98.

A number of large investors have recently added to or reduced their stakes in the business. Presima Inc. grew its holdings in DDR by 3.3% in the fourth quarter. Presima Inc. now owns 222,600 shares of the real estate investment trust’s stock valued at $1,994,000 after purchasing an additional 7,100 shares during the last quarter. Virginia Retirement Systems ET AL grew its holdings in DDR by 5.7% in the first quarter. Virginia Retirement Systems ET AL now owns 136,400 shares of the real estate investment trust’s stock valued at $1,000,000 after purchasing an additional 7,300 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in DDR by 28.9% in the fourth quarter. Meeder Asset Management Inc. now owns 38,692 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 8,672 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in 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 purchasing an additional 9,003 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in DDR by 5.3% in the first quarter. Ancora Advisors LLC now owns 189,900 shares of the real estate investment trust’s stock valued at $1,392,000 after purchasing an additional 9,500 shares during the last quarter. Hedge funds and other institutional investors own 85.80% of the company’s stock.

About DDR

DDR is an owner and manager of 258 value-oriented shopping centers representing 89 million square feet in 32 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.

Insider Buying and Selling by Quarter for DDR (NYSE:DDR)

Receive News & Ratings for DDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DDR and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply