Equities research analysts predict that DDR Corp (NYSE:DDR) will announce sales of $210.96 million for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for DDR’s earnings. The lowest sales estimate is $198.91 million and the highest is $224.67 million. DDR reported sales of $226.46 million in the same quarter last year, which would suggest a negative year over year growth rate of 6.8%. The firm is expected to report its next earnings results on Monday, February 12th.

On average, analysts expect that DDR will report full year sales of $210.96 million for the current fiscal year, with estimates ranging from $870.91 million to $919.00 million. For the next year, analysts anticipate that the company will report sales of $822.81 million per share, with estimates ranging from $742.10 million to $902.05 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for DDR.

DDR (NYSE:DDR) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The company had revenue of $220.10 million during the quarter, compared to analyst estimates of $218.58 million. DDR had a net margin of 1.11% and a return on equity of 3.48%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS.

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of DDR in a report on Thursday, November 30th. They issued a “buy” rating and a $8.25 target price for the company. KeyCorp reissued a “buy” rating and issued a $13.00 target price on shares of DDR in a report on Friday, September 1st. ValuEngine lowered shares of DDR from a “buy” rating to a “hold” rating in a report on Friday, September 1st. SunTrust Banks restated a “hold” rating and issued a $10.00 price target on shares of DDR in a research note on Friday, November 3rd. Finally, Citigroup restated a “buy” rating on shares of DDR in a research note on Friday, December 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.29.

Shares of DDR (NYSE:DDR) opened at $8.96 on Friday. The stock has a market cap of $3,275.65, a P/E ratio of 7.41, a P/E/G ratio of 1.55 and a beta of 0.76. DDR has a fifty-two week low of $7.26 and a fifty-two week high of $15.57. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.51.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 12th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.48%. DDR’s dividend payout ratio is currently -1,900.00%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of DDR by 2.0% during the 2nd quarter. SG Americas Securities LLC now owns 17,249 shares of the real estate investment trust’s stock valued at $156,000 after acquiring an additional 339 shares during the last quarter. GAM Holding AG lifted its position in DDR by 4.4% in the second quarter. GAM Holding AG now owns 26,865 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 1,135 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in DDR by 12.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,478 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 2,384 shares during the last quarter. Franklin Resources Inc. lifted its position in DDR by 1.2% in the second quarter. Franklin Resources Inc. now owns 237,633 shares of the real estate investment trust’s stock worth $2,156,000 after buying an additional 2,833 shares during the last quarter. Finally, Profund Advisors LLC lifted its position in DDR by 25.9% in the second quarter. Profund Advisors LLC now owns 15,228 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 3,132 shares during the last quarter. Hedge funds and other institutional investors own 79.86% of the company’s stock.

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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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Earnings History and Estimates for DDR (NYSE:DDR)

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