Brokerages expect DDR Corp. (NYSE:DDR) to report earnings of $0.23 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for DDR’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.24. DDR reported earnings per share of $0.30 during the same quarter last year, which indicates a negative year-over-year growth rate of 23.3%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, April 24th.
On average, analysts expect that DDR will report full year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.93 to $1.07. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.02 per share, with EPS estimates ranging from $0.98 to $1.07. Zacks’ EPS averages are an average based on a survey of analysts that cover DDR.
DDR (NYSE:DDR) last posted its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $209.43 million during the quarter, compared to analyst estimates of $205.20 million. DDR had a negative net margin of 27.22% and a negative return on equity of 5.56%. DDR’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS.
Shares of NYSE DDR traded down $0.09 during trading hours on Monday, hitting $7.21. 4,706,922 shares of the stock were exchanged, compared to its average volume of 4,706,720. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.62. The firm has a market cap of $2,694.79, a PE ratio of 6.11, a price-to-earnings-growth ratio of 1.47 and a beta of 0.61. DDR has a 12 month low of $6.76 and a 12 month high of $13.00.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 10.54%. The ex-dividend date of this dividend was Thursday, March 15th. DDR’s dividend payout ratio is presently 64.41%.
In related news, Director Alexander Otto bought 711,616 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were bought at an average price of $7.31 per share, with a total value of $5,201,912.96. Following the transaction, the director now owns 52,860,079 shares in the company, valued at $386,407,177.49. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have acquired 5,027,655 shares of company stock worth $37,275,524. 17.60% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in DDR. Verition Fund Management LLC purchased a new stake in DDR during the 4th quarter worth approximately $119,000. Lourd Capital LLC purchased a new stake in DDR during the 4th quarter worth approximately $136,000. GSA Capital Partners LLP purchased a new stake in DDR during the 3rd quarter worth approximately $151,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of DDR by 79.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,286 shares of the real estate investment trust’s stock valued at $182,000 after acquiring an additional 9,003 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of 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 acquiring an additional 4,768 shares during the last quarter. 81.60% of the stock is currently owned by institutional investors.
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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.
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