Boenning Scattergood reiterated their sell rating on shares of DDR (NYSE:DDR) in a report published on Tuesday.
Several other brokerages have also recently weighed in on DDR. Citigroup reaffirmed a buy rating on shares of DDR in a research report on Friday, December 15th. SunTrust Banks reaffirmed a hold rating and issued a $10.00 price target on shares of DDR in a research report on Friday, November 3rd. ValuEngine cut shares of DDR from a buy rating to a hold rating in a research report on Friday, February 2nd. Sandler O’Neill reaffirmed a hold rating and issued a $8.00 price target on shares of DDR in a research report on Friday, February 16th. Finally, Capital One Financial reaffirmed an equal weight rating on shares of DDR in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. DDR currently has an average rating of Hold and an average target price of $10.39.
DDR (NYSE DDR) opened at $7.57 on Tuesday. DDR has a 1 year low of $6.77 and a 1 year high of $14.89. The firm has a market cap of $2,790.00, a PE ratio of -10.23, a P/E/G ratio of 1.52 and a beta of 0.60. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.61 and a quick ratio of 0.61.
DDR (NYSE:DDR) last announced its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. DDR had a negative net margin of 27.22% and a negative return on equity of 5.38%. The business had revenue of $209.43 million for the quarter, compared to analysts’ expectations of $205.20 million. During the same quarter last year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. equities analysts expect that DDR will post 1.02 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.76 annualized dividend and a dividend yield of 10.04%. DDR’s dividend payout ratio is currently -102.70%.
Several institutional investors have recently bought and sold shares of DDR. Dimensional Fund Advisors LP lifted its position in shares of DDR by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,403,508 shares of the real estate investment trust’s stock worth $39,942,000 after buying an additional 181,981 shares in the last quarter. Royal Bank of Canada lifted its position in shares of DDR by 317.9% during the 2nd quarter. Royal Bank of Canada now owns 24,049 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 18,294 shares in the last quarter. State Street Corp lifted its position in shares of DDR by 0.4% during the 2nd quarter. State Street Corp now owns 9,623,554 shares of the real estate investment trust’s stock worth $87,284,000 after buying an additional 36,430 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of DDR during the 2nd quarter worth approximately $149,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of DDR by 24.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,930 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 4,768 shares in the last quarter. 79.17% of the stock is currently owned by hedge funds and other 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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