DDR Corp CEO Unloads $271,550 in Stock (DDR)
DDR Corp (NYSE:DDR) CEO Daniel Hurwitz unloaded 17,760 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $15.29, for a total transaction of $271,550.40. Following the transaction, the chief executive officer now directly owns 549,757 shares of the company’s stock, valued at approximately $8,405,785. The sale was disclosed in a legal filing with the SEC, which is available at this link.
DDR Corp (NYSE:DDR) traded up 0.91% during mid-day trading on Friday, hitting $15.46. The stock had a trading volume of 2,685,039 shares. DDR Corp has a 52-week low of $14.89 and a 52-week high of $19.54. The stock’s 50-day moving average is $15.76 and its 200-day moving average is $16.29. The company’s market cap is $4.919 billion.
DDR Corp (NYSE:DDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. The company had revenue of $219.37 million for the quarter, compared to the consensus estimate of $211.30 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Analysts expect that DDR Corp will post $1.09 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Capital Ideas Research initiated coverage on shares of DDR Corp in a research note to investors on Wednesday, December 4th. They set an “outperform” rating on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of DDR Corp in a research note to investors on Wednesday, December 4th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at MLV Capital initiated coverage on shares of DDR Corp in a research note to investors on Tuesday, November 19th. They set a “buy” rating and a $20.00 price target on the stock. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. DDR Corp currently has an average rating of “Buy” and an average price target of $18.65.
DDR Corp.(NYSE:DDR) is a self-administered and self-managed real estate investment trust.
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