Wall Street analysts forecast that DDR Corp (NYSE:DDR) will announce sales of $204.71 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for DDR’s earnings. The lowest sales estimate is $195.25 million and the highest is $215.04 million. DDR posted sales of $230.98 million in the same quarter last year, which suggests a negative year-over-year growth rate of 11.4%. The business is scheduled to issue its next earnings report on Tuesday, April 24th.
On average, analysts expect that DDR will report full year sales of $204.71 million for the current fiscal year, with estimates ranging from $767.30 million to $872.96 million. For the next year, analysts anticipate that the business will report sales of $818.55 million per share, with estimates ranging from $757.12 million to $884.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover DDR.
DDR (NYSE:DDR) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $209.43 million during the quarter, compared to analysts’ expectations of $205.20 million. DDR had a negative net margin of 27.22% and a negative return on equity of 5.38%. DDR’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS.
A number of hedge funds have recently added to or reduced their stakes in DDR. Dimensional Fund Advisors LP increased its holdings in DDR by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,403,508 shares of the real estate investment trust’s stock valued at $39,942,000 after buying an additional 181,981 shares during the period. Royal Bank of Canada increased its holdings in DDR by 317.9% in the 2nd quarter. Royal Bank of Canada now owns 24,049 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 18,294 shares during the period. State Street Corp increased its holdings in DDR by 0.4% in the 2nd quarter. State Street Corp now owns 9,623,554 shares of the real estate investment trust’s stock valued at $87,284,000 after buying an additional 36,430 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in DDR in the 2nd quarter valued at about $149,000. Finally, The Manufacturers Life Insurance Company increased its holdings in DDR by 24.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,930 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 4,768 shares during the period. 79.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DDR (NYSE DDR) opened at $7.73 on Monday. DDR has a 12 month low of $6.77 and a 12 month high of $14.89. The stock has a market cap of $2,851.18, a PE ratio of 6.55, a PEG ratio of 1.52 and a beta of 0.60. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.61 and a current ratio of 0.61.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 9.83%. The ex-dividend date of this dividend is Thursday, March 15th. DDR’s dividend payout ratio is currently -104.11%.
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DDR 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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