DDR Corp. (NYSE:DDR) announced a quarterly dividend on Thursday, September 8th. Shareholders of record on Friday, September 23rd will be paid a dividend of 0.19 per share by the real estate investment trust on Tuesday, October 11th. This represents a $0.76 dividend on an annualized basis and a yield of 3.96%.
A number of equities research analysts have commented on the stock. Jefferies Group reissued a “hold” rating on shares of DDR Corp. in a report on Tuesday, August 23rd. Canaccord Genuity increased their price objective on shares of DDR Corp. from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, August 16th. Citigroup increased their price objective on shares of DDR Corp. from $18.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, August 12th. Credit Suisse Group AG lowered shares of DDR Corp. from an “outperform” rating to a “neutral” rating and set a $18.50 price objective on the stock. in a report on Wednesday, July 27th. Finally, Bank of America Corp. lowered shares of DDR Corp. from a “buy” rating to a “neutral” rating in a report on Monday, July 11th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.50.
In other news, Director Robert H. Gidel sold 16,000 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $19.50, for a total transaction of $312,000.00. Following the sale, the director now directly owns 51,954 shares in the company, valued at $1,013,103. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Scott D. Roulston purchased 5,500 shares of DDR Corp. stock in a transaction dated Tuesday, August 23rd. The shares were purchased at an average price of $18.61 per share, for a total transaction of $102,355.00. Following the completion of the acquisition, the director now owns 18,723 shares of the company’s stock, valued at approximately $348,435.03. The disclosure for this purchase can be found here. 16.20% of the stock is owned by company insiders.
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Shares of DDR Corp. (NYSE:DDR) traded down 0.89% during mid-day trading on Thursday, reaching $19.02. 53,326 shares of the company’s stock traded hands. The company has a market cap of $6.94 billion and a price-to-earnings ratio of 31.91. The company has a 50 day moving average of $19.05 and a 200 day moving average of $17.94. DDR Corp. has a 12 month low of $14.71 and a 12 month high of $19.92.
DDR Corp. (NYSE:DDR) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The business earned $245.90 million during the quarter, compared to the consensus estimate of $243.03 million. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. Analysts expect that DDR Corp. will post $1.26 earnings per share for the current fiscal year.
DDR Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: shopping centers and loan investments. The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, it engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers.
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