Wall Street brokerages expect DDR Corp (NYSE:DDR) to post $201.17 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for DDR’s earnings, with estimates ranging from $195.25 million to $206.82 million. DDR reported sales of $230.98 million in the same quarter last year, which indicates a negative year-over-year growth rate of 12.9%. The company is scheduled to announce its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that DDR will report full-year sales of $201.17 million for the current year, with estimates ranging from $767.30 million to $868.07 million. For the next financial year, analysts forecast that the business will post sales of $821.86 million per share, with estimates ranging from $757.12 million to $884.27 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for DDR.
DDR (NYSE:DDR) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The firm had revenue of $209.43 million for the quarter, compared to the consensus estimate of $205.20 million. DDR had a negative net margin of 27.22% and a negative return on equity of 5.38%. The company’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS.
DDR has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of DDR in a research report on Friday, December 15th. Boenning Scattergood restated a “sell” rating on shares of DDR in a research report on Monday, November 6th. SunTrust Banks restated a “hold” rating and set a $10.00 price objective on shares of DDR in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of DDR from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, ValuEngine downgraded shares of DDR from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. DDR presently has a consensus rating of “Hold” and a consensus target price of $10.39.
Shares of DDR (NYSE:DDR) traded up $0.21 during mid-day trading on Monday, hitting $7.59. 6,244,523 shares of the stock traded hands, compared to its average volume of 4,621,262. The company has a market cap of $2,792.16, a P/E ratio of -10.40, a price-to-earnings-growth ratio of 1.51 and a beta of 0.60. DDR has a 12-month low of $6.77 and a 12-month high of $14.89. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 16th will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.76 annualized dividend and a yield of 10.01%. DDR’s payout ratio is -104.11%.
A number of institutional investors and hedge funds have recently bought and sold shares of DDR. Verition Fund Management LLC purchased a new position in DDR during the fourth quarter valued at $119,000. 1st Global Advisors Inc. purchased a new position in DDR during the second quarter valued at $131,000. Lourd Capital LLC purchased a new position in DDR during the fourth quarter valued at $136,000. Arrowstreet Capital Limited Partnership purchased a new position in DDR during the second quarter valued at $149,000. Finally, GSA Capital Partners LLP purchased a new position in DDR during the third quarter valued at $151,000. 79.17% 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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