Wall Street analysts expect DDR Corp. (NYSE:DDR) to announce $218.16 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for DDR Corp.’s earnings, with estimates ranging from $204.80 million to $233.18 million. DDR Corp. reported sales of $226.46 million during the same quarter last year, which indicates a negative year over year growth rate of 3.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, February 12th.
On average, analysts expect that DDR Corp. will report full-year sales of $218.16 million for the current fiscal year, with estimates ranging from $882.73 million to $939.41 million. For the next financial year, analysts forecast that the business will report sales of $850.90 million per share, with estimates ranging from $742.10 million to $971.26 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for DDR Corp..
DDR Corp. (NYSE:DDR) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The company had revenue of $220.10 million during the quarter, compared to analysts’ expectations of $218.58 million. DDR Corp. had a net margin of 1.11% and a return on equity of 3.44%. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share.
Several research analysts have recently weighed in on the stock. Deutsche Bank AG upgraded shares of DDR Corp. from a “hold” rating to a “buy” rating and upped their price target for the company from $12.00 to $13.00 in a report on Thursday, July 27th. BidaskClub upgraded shares of DDR Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. KeyCorp reiterated a “buy” rating and issued a $13.00 price target on shares of DDR Corp. in a report on Friday, September 1st. SunTrust Banks, Inc. restated a “hold” rating and set a $10.00 target price on shares of DDR Corp. in a report on Friday. Finally, ValuEngine cut shares of DDR Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. DDR Corp. has an average rating of “Hold” and a consensus target price of $12.42.
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Hedge funds have recently made changes to their positions in the business. Sigma Planning Corp acquired a new stake in DDR Corp. in the second quarter valued at $100,000. Cutter & CO Brokerage Inc. acquired a new stake in DDR Corp. in the second quarter valued at $104,000. Cambridge Investment Research Advisors Inc. acquired a new stake in DDR Corp. in the second quarter valued at $111,000. Janney Montgomery Scott LLC acquired a new stake in DDR Corp. in the second quarter valued at $121,000. Finally, Greenleaf Trust acquired a new stake in DDR Corp. in the second quarter valued at $123,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.
DDR Corp. (NYSE DDR) opened at $7.92 on Monday. The firm has a market cap of $2,918.24, a P/E ratio of 6.60, a PEG ratio of 1.39 and a beta of 0.76. DDR Corp. has a 1-year low of $7.55 and a 1-year high of $15.82. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.67.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date was Monday, September 25th. DDR Corp.’s dividend payout ratio is currently -1,900.00%.
About DDR Corp.
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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