DDR (NYSE:DDR)‘s stock had its “sell” rating reaffirmed by research analysts at Boenning Scattergood in a research report issued to clients and investors on Tuesday, February 20th. Boenning Scattergood also issued estimates for DDR’s Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $0.81 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.18 EPS and FY2019 earnings at $0.72 EPS.
A number of other research firms also recently issued reports on DDR. ValuEngine downgraded shares of DDR from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Mizuho set a $9.00 target price on shares of DDR and gave the company a “hold” rating in a research note on Monday, December 18th. Capital One Financial reissued an “equal weight” rating on shares of DDR in a research note on Friday, December 15th. Zacks Investment Research cut shares of DDR from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Finally, SunTrust Banks set a $9.00 target price on shares of DDR and gave the company a “hold” rating in a research note on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. DDR currently has an average rating of “Hold” and a consensus target price of $9.65.
DDR (NYSE DDR) traded down $0.17 during midday trading on Tuesday, hitting $7.15. 4,619,922 shares of the stock were exchanged, compared to its average volume of 5,060,000. 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 $6.77 and a 12 month high of $13.30. The firm has a market capitalization of $2,630.00, a P/E ratio of -6.06, a PEG ratio of 1.54 and a beta of 0.61.
DDR (NYSE:DDR) last posted its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $205.20 million. During the same period last year, the company earned $0.30 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. sell-side analysts predict that DDR will post 0.98 earnings per share for the current fiscal year.
In related news, Director Alexander Otto acquired 1,351,558 shares of DDR stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $7.81 per share, with a total value of $10,555,667.98. Following the completion of the transaction, the director now directly owns 48,963,634 shares in the company, valued at approximately $382,405,981.54. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 16.10% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in DDR. Verition Fund Management LLC bought a new position in DDR during the fourth quarter worth $119,000. Lourd Capital LLC bought a new position in DDR during the fourth quarter worth $136,000. Arrowstreet Capital Limited Partnership bought a new position in DDR during the second quarter worth $149,000. GSA Capital Partners LLP bought a new position in DDR during the third quarter worth $151,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in DDR by 79.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,286 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 9,003 shares during the period. 81.82% of the stock is owned by hedge funds and other institutional investors.
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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