DDR Corp Declares Quarterly Dividend of $0.14 (DDR)
DDR Corp (NYSE:DDR) announced a quarterly dividend on Thursday, September 12th, American Banking & Market News reports. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.135 per share on Tuesday, October 8th. This represents a $0.54 annualized dividend and a dividend yield of 3.42%.
DDR has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of DDR Corp (NYSE:DDR) in a research note to investors on Tuesday. They set a “buy” rating on the stock. On the ratings front, analysts at Robert W. Baird initiated coverage on shares of DDR Corp (NYSE:DDR) in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating and a $19.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of DDR Corp (NYSE:DDR) from $19.00 to $18.00 in a research note to investors on Monday, August 12th.
One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $18.79.
Shares of DDR Corp (NYSE:DDR) opened at 15.77 on Thursday. DDR Corp has a 52 week low of $14.79 and a 52 week high of $19.54. The stock has a 50-day moving average of $16.30 and a 200-day moving average of $17.32. The company’s market cap is $4.999 billion.
DDR Corp (NYSE:DDR) last announced its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.27. The company had revenue of $217.09 million for the quarter, compared to the consensus estimate of $204.42 million. During the same quarter last year, the company posted $0.25 earnings per share. DDR Corp’s revenue was up 13.8% compared to the same quarter last year. Analysts expect that DDR Corp will post $1.09 EPS for the current fiscal year.
In other DDR Corp news, CEO Daniel Hurwitz sold 6,649 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $15.45, for a total transaction of $102,727.05. Following the completion of the sale, the chief executive officer now directly owns 633,684 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
DDR Corp.(NYSE:DDR) is a self-administered and self-managed real estate investment trust.
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