DDR Corp Major Shareholder Alexander Otto Acquires 1,100 Shares (DDR)
DDR Corp (NYSE:DDR) major shareholder Alexander Otto bought 1,100 shares of DDR Corp stock on the open market in a transaction that occurred on Friday, January 3rd. The shares were purchased at an average cost of $15.29 per share, for a total transaction of $16,819.00. Following the completion of the purchase, the insider now directly owns 39,828,719 shares in the company, valued at approximately $608,981,114. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major 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 analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.65.
DDR Corp (NYSE:DDR) traded up 0.26% during mid-day trading on Tuesday, hitting $15.54. The stock had a trading volume of 4,315,942 shares. DDR Corp has a 52 week low of $14.89 and a 52 week high of $19.54. The stock has a 50-day moving average of $15.68 and a 200-day moving average of $16.26. The company’s market cap is $4.945 billion.
DDR Corp (NYSE:DDR) last posted its quarterly earnings results 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 last year, the company posted $0.27 earnings per share. DDR Corp’s revenue was up 11.2% compared to the same quarter last year. On average, analysts predict that DDR Corp will post $1.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 8th. Investors of record on Thursday, March 13th will be given a dividend of 0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from DDR Corp’s previous quarterly dividend of $0.14.
DDR Corp.(NYSE:DDR) is a self-administered and self-managed real estate investment trust.
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