DDR (NYSE:DDR) issued its earnings results on Tuesday. The real estate investment trust reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.19), Fidelity Earnings reports. DDR had a negative net margin of 27.22% and a negative return on equity of 5.56%. The company had revenue of $206.96 million during the quarter, compared to analyst estimates of $196.86 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was down 10.4% on a year-over-year basis. DDR updated its Q3 guidance to at least $0.15 EPS.

Shares of NYSE:DDR opened at $6.69 on Wednesday. DDR has a 12 month low of $6.63 and a 12 month high of $12.42. The company has a market cap of $2,491.76, a P/E ratio of 5.67, a PEG ratio of 1.39 and a beta of 0.61. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.62.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Friday, March 16th were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.76 annualized dividend and a yield of 11.36%. DDR’s payout ratio is 64.41%.

DDR has been the subject of several analyst reports. ValuEngine downgraded DDR from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded DDR from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. SunTrust Banks set a $9.00 price objective on DDR and gave the stock a “hold” rating in a research report on Monday, January 22nd. Sandler O’Neill reiterated a “hold” rating and set a $8.00 price objective on shares of DDR in a research report on Friday, February 16th. Finally, Boenning Scattergood reiterated a “sell” rating on shares of DDR in a research report on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.29.

In other news, Director Alexander Otto bought 1,245,942 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average price of $7.58 per share, with a total value of $9,444,240.36. Following the completion of the acquisition, the director now directly owns 47,633,065 shares in the company, valued at $361,058,632.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have purchased 5,027,655 shares of company stock worth $37,275,524. 17.60% of the stock is owned by corporate insiders.

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About DDR

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.

Earnings History for DDR (NYSE:DDR)

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