Wall Street analysts forecast that DDR Corp. (NYSE:DDR) will report earnings per share (EPS) of $0.26 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for DDR’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.29. DDR posted earnings of $0.08 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 225%. The firm is scheduled to report its next earnings results on Monday, February 12th.
According to Zacks, analysts expect that DDR will report full year earnings of $1.15 per share for the current year, with EPS estimates ranging from $1.13 to $1.17. For the next fiscal year, analysts anticipate that the company will report earnings of $1.03 per share, with EPS estimates ranging from $0.94 to $1.10. Zacks’ EPS averages are an average based on a survey of research analysts that follow DDR.
DDR (NYSE:DDR) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. DDR had a return on equity of 3.48% and a net margin of 1.11%. The firm had revenue of $220.10 million during the quarter, compared to the consensus estimate of $218.58 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The business’s revenue was down 10.2% on a year-over-year basis.
A number of equities analysts have weighed in on DDR shares. Zacks Investment Research raised DDR from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. KeyCorp reaffirmed a “buy” rating and set a $13.00 price target on shares of DDR in a research report on Friday, September 1st. ValuEngine downgraded DDR from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Boenning Scattergood downgraded DDR from a “neutral” rating to an “under perform” rating in a research report on Tuesday, October 3rd. Finally, Mizuho reaffirmed a “hold” rating and set a $10.00 price target on shares of DDR in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.04.
DDR (NYSE:DDR) remained flat at $$7.78 during trading hours on Thursday. The company had a trading volume of 4,684,262 shares, compared to its average volume of 5,035,041. DDR has a 1 year low of $7.55 and a 1 year high of $15.82. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market cap of $2,932.98, a price-to-earnings ratio of 6.63, a P/E/G ratio of 1.39 and a beta of 0.76.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 12th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 9.77%. The ex-dividend date is Monday, December 11th. DDR’s payout ratio is presently -1,900.00%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in shares of DDR by 2.0% in 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 buying an additional 339 shares during the last quarter. GAM Holding AG boosted its holdings in shares of DDR by 4.4% in the 2nd quarter. GAM Holding AG now owns 26,865 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 1,135 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of DDR by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,478 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 2,384 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of DDR by 1.2% in the 2nd quarter. Franklin Resources Inc. now owns 237,633 shares of the real estate investment trust’s stock valued at $2,156,000 after buying an additional 2,833 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in shares of DDR by 25.9% in the 2nd quarter. Profund Advisors LLC now owns 15,228 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 3,132 shares during the last quarter. 80.14% of the stock is owned by institutional investors.
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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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