DDR (DDR) Reaches New 12-Month Low at $7.28

DDR Corp. (NYSE:DDR)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $7.28 and last traded at $7.60, with a volume of 3047900 shares traded. The stock had previously closed at $7.82.

A number of equities analysts have commented on DDR shares. Royal Bank Of Canada restated a “sector perform” rating and set a $9.00 price objective (down previously from $11.00) on shares of DDR in a research report on Tuesday, November 7th. Mizuho reaffirmed a “hold” rating and set a $10.00 price target on shares of DDR in a research note on Monday, October 9th. Zacks Investment Research cut shares of DDR from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Boenning Scattergood reaffirmed a “sell” rating on shares of DDR in a research note on Monday, November 6th. Finally, ValuEngine raised shares of DDR from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.77.

The company has a market capitalization of $2,881.39, a price-to-earnings ratio of 6.52, a PEG ratio of 1.36 and a beta of 0.76. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.51.

DDR (NYSE:DDR) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.03. The company had revenue of $220.10 million for the quarter, compared to analyst estimates of $218.58 million. DDR had a net margin of 1.11% and a return on equity of 3.48%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. equities analysts forecast that DDR Corp. will post 1.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 12th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, December 11th. This represents a $0.76 annualized dividend and a dividend yield of 10.00%. DDR’s payout ratio is currently -1,900.00%.

Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in DDR in the second quarter valued at approximately $121,000. Principal Financial Group Inc. grew its position in DDR by 18.0% in the second quarter. Principal Financial Group Inc. now owns 6,777,400 shares of the real estate investment trust’s stock valued at $61,471,000 after acquiring an additional 1,033,642 shares in the last quarter. State Street Corp grew its position in DDR by 0.4% in the second quarter. State Street Corp now owns 9,623,554 shares of the real estate investment trust’s stock valued at $87,284,000 after acquiring an additional 36,430 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in DDR in the second quarter valued at approximately $149,000. Finally, Prudential Financial Inc. grew 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 buying an additional 1,317,007 shares in the last quarter. Institutional investors and hedge funds own 80.04% of the company’s stock.

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About DDR

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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