DDR Corp. (DDR) Director Alexander Otto Acquires 1,124,158 Shares

DDR Corp. (NYSE:DDR) Director Alexander Otto bought 1,124,158 shares of the firm’s stock in a transaction dated Monday, June 25th. The shares were acquired at an average price of $17.86 per share, with a total value of $20,077,461.88. Following the purchase, the director now directly owns 30,623,353 shares of the company’s stock, valued at approximately $546,933,084.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Alexander Otto also recently made the following trade(s):

  • On Thursday, June 21st, Alexander Otto acquired 485,580 shares of DDR stock. The stock was purchased at an average price of $17.88 per share, with a total value of $8,682,170.40.
  • On Monday, June 18th, Alexander Otto acquired 236,237 shares of DDR stock. The stock was purchased at an average price of $17.09 per share, with a total value of $4,037,290.33.
  • On Monday, May 14th, Alexander Otto acquired 690,632 shares of DDR stock. The stock was purchased at an average price of $7.43 per share, with a total value of $5,131,395.76.
  • On Wednesday, May 9th, Alexander Otto acquired 374,157 shares of DDR stock. The stock was purchased at an average price of $7.47 per share, with a total value of $2,794,952.79.
  • On Monday, May 7th, Alexander Otto acquired 341,225 shares of DDR stock. The stock was purchased at an average price of $7.39 per share, with a total value of $2,521,652.75.
  • On Friday, May 4th, Alexander Otto acquired 246,662 shares of DDR stock. The stock was purchased at an average price of $7.27 per share, with a total value of $1,793,232.74.
  • On Wednesday, May 2nd, Alexander Otto acquired 662,341 shares of DDR stock. The stock was purchased at an average price of $7.25 per share, with a total value of $4,801,972.25.
  • On Monday, April 30th, Alexander Otto acquired 552,067 shares of DDR stock. The stock was purchased at an average price of $7.30 per share, with a total value of $4,030,089.10.
  • On Friday, April 27th, Alexander Otto acquired 708,936 shares of DDR stock. The stock was purchased at an average price of $7.44 per share, with a total value of $5,274,483.84.
  • On Monday, April 2nd, Alexander Otto acquired 711,616 shares of DDR stock. The stock was purchased at an average price of $7.31 per share, with a total value of $5,201,912.96.

Shares of DDR stock opened at $17.85 on Wednesday. DDR Corp. has a 12-month low of $13.26 and a 12-month high of $21.74. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 1.86 and a beta of 0.62.

DDR (NYSE:DDR) last issued its earnings results on Tuesday, April 24th. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.38). DDR had a negative net margin of 27.97% and a negative return on equity of 6.58%. The company had revenue of $206.96 million during the quarter, compared to analysts’ expectations of $196.86 million. During the same period last year, the business posted $0.60 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. sell-side analysts predict that DDR Corp. will post 1.91 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Wednesday, June 13th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, June 12th. This represents a $0.76 dividend on an annualized basis and a yield of 4.26%. DDR’s dividend payout ratio (DPR) is presently 64.41%.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of DDR by 4.5% during the 1st quarter. BlackRock Inc. now owns 24,352,362 shares of the real estate investment trust’s stock worth $178,501,000 after purchasing an additional 1,058,722 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of DDR by 151.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 16,916,799 shares of the real estate investment trust’s stock worth $124,000,000 after purchasing an additional 10,191,668 shares in the last quarter. Brookfield Asset Management Inc. increased its stake in shares of DDR by 24.7% during the 4th quarter. Brookfield Asset Management Inc. now owns 12,769,670 shares of the real estate investment trust’s stock worth $114,416,000 after purchasing an additional 2,532,900 shares in the last quarter. HG Vora Capital Management LLC increased its stake in shares of DDR by 56.3% during the 1st quarter. HG Vora Capital Management LLC now owns 12,500,000 shares of the real estate investment trust’s stock worth $91,625,000 after purchasing an additional 4,500,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of DDR by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 10,055,427 shares of the real estate investment trust’s stock worth $90,097,000 after purchasing an additional 1,064,901 shares in the last quarter.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of DDR from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine upgraded shares of DDR from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 22nd. Evercore ISI downgraded shares of DDR from an “in-line” rating to an “underperform” rating in a research report on Monday, June 11th. Morgan Stanley reduced their price objective on shares of DDR from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 27th. Finally, Jefferies Financial Group set a $16.00 price objective on shares of DDR and gave the company a “hold” rating in a research report on Friday, April 13th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. DDR presently has an average rating of “Hold” and an average target price of $18.19.

DDR Company Profile

DDR is an owner and manager of 258 value-oriented shopping centers representing 89 million square feet in 32 states and Puerto Rico. The Company owns a high-quality portfolio of open-air shopping centers in major metropolitan areas that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.

Insider Buying and Selling by Quarter for DDR (NYSE:DDR)

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