Insider Buying: DDR Corp Major Shareholder Buys 153,134 Shares of Stock (DDR)
DDR Corp (NYSE:DDR) major shareholder Alexander Otto bought 153,134 shares of the stock on the open market in a transaction that occurred on Thursday, January 2nd. The shares were purchased at an average cost of $15.26 per share, with a total value of $2,336,824.84. Following the completion of the acquisition, the insider now directly owns 39,827,619 shares of the company’s stock, valued at approximately $607,769,466. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
A number of research firms have recently commented on DDR. 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 equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.65.
DDR Corp (NYSE:DDR) traded up 0.91% during mid-day trading on Friday, hitting $15.46. 2,685,039 shares of the company’s stock traded hands. DDR Corp has a 1-year low of $14.89 and a 1-year 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 posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that DDR Corp will post $1.09 earnings per share for the current fiscal year.
DDR Corp.(NYSE:DDR) is a self-administered and self-managed real estate investment trust.
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