Wall Street analysts expect that DDR Corp (NYSE:DDR) will post sales of $200.26 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for DDR’s earnings, with the highest sales estimate coming in at $204.12 million and the lowest estimate coming in at $195.25 million. DDR posted sales of $230.98 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 13.3%. The company is expected to issue its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that DDR will report full-year sales of $200.26 million for the current fiscal year, with estimates ranging from $767.30 million to $868.07 million. For the next year, analysts anticipate that the business will post sales of $818.92 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 sell-side research analysts that follow DDR.
DDR (NYSE:DDR) last released its earnings results on Thursday, February 15th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. DDR had a negative net margin of 27.22% and a negative return on equity of 5.56%. The firm had revenue of $209.43 million during the quarter, compared to analyst estimates of $205.20 million. During the same quarter in the previous year, the business earned $0.30 EPS. The business’s quarterly revenue was down 9.8% compared to the same quarter last year.
DDR has been the subject of a number of analyst reports. Raymond James Financial reaffirmed a “buy” rating on shares of DDR in a report on Friday, December 15th. Citigroup reaffirmed a “buy” rating on shares of DDR in a report on Friday, December 15th. Stifel Nicolaus initiated coverage on shares of DDR in a report on Thursday, November 30th. They set a “buy” rating and a $8.25 target price for the company. Capital One Financial reaffirmed an “equal weight” rating on shares of DDR in a report on Friday, December 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $8.25 target price on shares of DDR in a report on Thursday, December 14th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.65.
DDR (NYSE DDR) traded up $0.04 on Wednesday, reaching $7.55. 3,460,000 shares of the company’s stock were exchanged, compared to its average volume of 4,890,000. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.62. DDR has a 12-month low of $6.77 and a 12-month high of $13.34. The firm has a market cap of $2,780.00, a price-to-earnings ratio of -6.40, a PEG ratio of 1.53 and a beta of 0.61.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 16th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.07%. DDR’s dividend payout ratio is -64.41%.
In other news, Director Alexander Otto purchased 1,245,942 shares of DDR stock in a transaction dated Thursday, February 22nd. The shares were bought at an average cost of $7.58 per share, with a total value of $9,444,240.36. Following the completion of the transaction, the director now directly owns 47,633,065 shares in the company, valued at approximately $361,058,632.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. boosted its position in shares of DDR by 71.4% during the third quarter. Prudential Financial Inc. now owns 3,161,322 shares of the real estate investment trust’s stock worth $28,958,000 after purchasing an additional 1,317,007 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in DDR by 33.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 3,731,487 shares of the real estate investment trust’s stock valued at $34,181,000 after acquiring an additional 937,147 shares in the last quarter. King Street Capital Management L.P. bought a new stake in DDR in the 3rd quarter valued at $44,884,000. Dimensional Fund Advisors LP lifted its position in DDR by 7.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,741,087 shares of the real estate investment trust’s stock valued at $43,429,000 after acquiring an additional 337,579 shares in the last quarter. Finally, Staley Capital Advisers Inc. bought a new stake in DDR in the 3rd quarter valued at $989,000. 81.82% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION WARNING: “DDR Corp (DDR) Expected to Announce Quarterly Sales of $200.26 Million” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/03/12/ddr-corp-ddr-expected-to-announce-quarterly-sales-of-200-26-million.html.
DDR Company Profile
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).
Get a free copy of the Zacks research report on DDR (DDR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DDR and related companies with MarketBeat.com's FREE daily email newsletter.