News headlines about DDR (NYSE:DDR) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. DDR earned a news impact score of 0.03 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.9997608984314 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
Shares of NYSE:DDR opened at $7.48 on Friday. The stock has a market cap of $2,787.08, a P/E ratio of 6.34, a PEG ratio of 1.51 and a beta of 0.61. DDR has a 12 month low of $6.76 and a 12 month high of $13.00. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.82 and a current ratio of 0.82.
DDR (NYSE:DDR) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. The company 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 5.56%. The firm’s revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. equities analysts forecast that DDR will post 1 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Friday, March 16th were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.76 annualized dividend and a yield of 10.16%. DDR’s payout ratio is 64.41%.
A number of analysts have recently weighed in on the stock. ValuEngine downgraded shares of DDR from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Boenning Scattergood restated a “sell” rating on shares of DDR in a report on Monday, December 18th. Mizuho set a $9.00 target price on shares of DDR and gave the stock a “hold” rating in a report on Monday, December 18th. Capital One Financial restated an “equal weight” rating on shares of DDR in a report on Friday, December 15th. Finally, Zacks Investment Research downgraded shares of DDR from a “hold” rating to a “sell” rating in a report on Monday, January 15th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. DDR has a consensus rating of “Hold” and a consensus price target of $9.60.
In other news, Director Alexander Otto purchased 1,245,942 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average cost of $7.58 per share, for a total transaction of $9,444,240.36. Following the acquisition, the director now owns 47,633,065 shares of the company’s stock, valued at approximately $361,058,632.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 5,027,655 shares of company stock worth $37,275,524 over the last quarter. 16.10% of the stock is currently owned by insiders.
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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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