DDR (NYSE:DDR) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. DDR has set its Q1 guidance at at least $0.15 EPS.
DDR (NYSE:DDR) last issued its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. DDR had a negative net margin of 27.22% and a negative return on equity of 5.56%. The company had revenue of $209.43 million during the quarter, compared to the consensus estimate of $205.20 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. On average, analysts expect DDR to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of DDR stock opened at $7.21 on Tuesday. 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 12-month low of $6.76 and a 12-month high of $13.00. The firm has a market cap of $2,694.79, a PE ratio of 6.11, a P/E/G ratio of 1.47 and a beta of 0.61.
DDR has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of DDR from $9.50 to $7.50 and set an “equal weight” rating for the company in a research report on Tuesday, March 27th. Zacks Investment Research downgraded shares of DDR from a “hold” rating to a “sell” rating in a research report on Monday, March 26th. Boenning Scattergood reissued a “sell” rating on shares of DDR in a research report on Monday, December 18th. ValuEngine downgraded shares of DDR from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Sandler O’Neill reissued a “hold” rating and set a $8.00 price objective on shares of DDR in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.60.
In other DDR news, Director Alexander Otto bought 1,351,558 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of $7.81 per share, with a total value of $10,555,667.98. Following the completion of the transaction, the director now owns 48,963,634 shares in the company, valued at $382,405,981.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders purchased 5,027,655 shares of company stock valued at $37,275,524. 17.60% of the stock is owned by insiders.
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.
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