DDR Corp. (NYSE:DDR) – KeyCorp issued their FY2018 EPS estimates for DDR Corp. in a research report issued on Tuesday. KeyCorp analyst T. Thomas anticipates that the real estate investment trust will post earnings of $1.01 per share for the year. KeyCorp has a “Buy” rating and a $13.00 price target on the stock.
DDR Corp. (NYSE:DDR) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $220.10 million for 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%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS.
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DDR has been the topic of several other research reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $9.00 target price (down previously from $11.00) on shares of DDR Corp. in a report on Tuesday, November 7th. Mizuho restated a “hold” rating and issued a $10.00 price target on shares of DDR Corp. in a research report on Monday, October 9th. Zacks Investment Research lowered shares of DDR Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday. Boenning Scattergood restated a “hold” rating on shares of DDR Corp. in a research report on Thursday, July 27th. Finally, ValuEngine upgraded shares of DDR Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $12.04.
DDR Corp. (NYSE:DDR) opened at $8.06 on Friday. The company has a market cap of $2,969.83, a price-to-earnings ratio of 6.72, a P/E/G ratio of 1.41 and a beta of 0.76. DDR Corp. has a twelve month low of $7.55 and a twelve month high of $15.82. The company has a quick ratio of 1.65, a current ratio of 0.61 and a debt-to-equity ratio of 1.51.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.43%. DDR Corp.’s dividend payout ratio is presently -1,900.00%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sigma Planning Corp bought a new position in shares of DDR Corp. in the second quarter worth about $100,000. Cutter & CO Brokerage Inc. bought a new stake in shares of DDR Corp. during the second quarter worth approximately $104,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of DDR Corp. during the second quarter worth approximately $111,000. Janney Montgomery Scott LLC bought a new stake in shares of DDR Corp. during the second quarter worth approximately $121,000. Finally, Greenleaf Trust bought a new stake in shares of DDR Corp. during the second quarter worth approximately $123,000. 80.03% of the stock is owned by institutional investors.
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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