KeyCorp Analysts Give DDR Corp. (DDR) a $21.00 Price Target
Several other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of DDR Corp. from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Monday, October 3rd. Jefferies Group restated a hold rating on shares of DDR Corp. in a report on Tuesday, September 13th. Bank of America Corp. lowered shares of DDR Corp. from a neutral rating to an underperform rating and boosted their target price for the company from $18.34 to $18.50 in a report on Thursday, August 25th. BTIG Research began coverage on shares of DDR Corp. in a report on Thursday, August 25th. They issued a neutral rating on the stock. Finally, Canaccord Genuity boosted their target price on shares of DDR Corp. from $18.00 to $20.00 and gave the company a hold rating in a report on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $19.04.
DDR Corp. (NYSE:DDR) opened at 16.42 on Thursday. The stock’s 50 day moving average is $17.92 and its 200-day moving average is $18.03. The firm has a market capitalization of $5.99 billion, a P/E ratio of 27.55 and a beta of 1.00. DDR Corp. has a 1-year low of $15.36 and a 1-year high of $19.92.
DDR Corp. (NYSE:DDR) last issued its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $245.90 million for the quarter, compared to analyst estimates of $243.03 million. DDR Corp. had a net margin of 24.27% and a return on equity of 7.76%. DDR Corp.’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. Analysts forecast that DDR Corp. will post $1.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Friday, September 23rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Wednesday, September 21st. DDR Corp.’s payout ratio is presently 126.67%.
In other news, Director Robert H. Gidel sold 16,000 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $19.50, for a total transaction of $312,000.00. Following the completion of the sale, the director now directly owns 51,954 shares of the company’s stock, valued at $1,013,103. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott D. Roulston bought 5,500 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The shares were acquired at an average cost of $18.61 per share, with a total value of $102,355.00. Following the completion of the transaction, the director now owns 18,723 shares of the company’s stock, valued at $348,435.03. The disclosure for this purchase can be found here. Insiders own 16.20% of the company’s stock.
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of DDR Corp. by 2,638.3% in the second quarter. Tower Research Capital LLC TRC now owns 8,215 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 7,915 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of DDR Corp. by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,900 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 100 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of DDR Corp. during the second quarter worth about $245,000. Gateway Investment Advisers LLC increased its stake in shares of DDR Corp. by 7.8% in the second quarter. Gateway Investment Advisers LLC now owns 14,563 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,051 shares during the last quarter. Finally, World Asset Management Inc increased its stake in shares of DDR Corp. by 6.5% in the second quarter. World Asset Management Inc now owns 14,895 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 907 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.
DDR Corp. Company Profile
DDR Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: shopping centers and loan investments. The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, it engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers.
Receive News & Ratings for DDR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DDR Corp. and related companies with MarketBeat.com's FREE daily email newsletter.