FY2017 EPS Estimates for DDR Corp Raised by Jefferies Group (NYSE:DDR)

DDR Corp (NYSE:DDR) – Equities research analysts at Jefferies Group increased their FY2017 EPS estimates for DDR in a research note issued to investors on Thursday, Zacks Investment Research reports. Jefferies Group analyst G. Hoglund now forecasts that the real estate investment trust will post earnings per share of $1.15 for the year, up from their previous forecast of $1.14.

A number of other analysts have also recently commented on DDR. ValuEngine upgraded shares of DDR from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Boenning Scattergood lowered shares of DDR from a “neutral” rating to an “under perform” rating in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of DDR from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Wednesday, October 4th. Mizuho reaffirmed a “hold” rating and set a $10.00 target price on shares of DDR in a report on Monday, October 9th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $10.00 target price on shares of DDR in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $11.29.

Shares of DDR (DDR) traded up $0.02 during mid-day trading on Friday, hitting $8.59. 3,384,951 shares of the company were exchanged, compared to its average volume of 5,525,120. The stock has a market cap of $3,157.74, a PE ratio of -214.75, a P/E/G ratio of 1.67 and a beta of 0.76. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.51. DDR has a 12 month low of $7.26 and a 12 month high of $15.57.

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

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Tuesday, December 12th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date of this dividend was Monday, December 11th. DDR’s payout ratio is -1,900.00%.

Several large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of DDR by 65.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 47,060 shares of the real estate investment trust’s stock worth $422,000 after buying an additional 18,600 shares during the last quarter. AXA increased its holdings in shares of DDR by 100.7% in the 3rd quarter. AXA now owns 1,101,775 shares of the real estate investment trust’s stock worth $10,093,000 after buying an additional 552,721 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of DDR during the 3rd quarter valued at $151,000. Americafirst Capital Management LLC bought a new position in shares of DDR during the 3rd quarter valued at $650,000. Finally, California Public Employees Retirement System grew its holdings in shares of DDR by 9.3% during the 3rd quarter. California Public Employees Retirement System now owns 882,706 shares of the real estate investment trust’s stock valued at $8,086,000 after purchasing an additional 75,048 shares during the last quarter. 79.86% of the stock is currently owned by hedge funds and other institutional investors.

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About DDR

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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