Insider Buying: Alexander Otto Buys 60,701 Shares of DDR Corp Stock (DDR)
DDR Corp (NYSE:DDR) major shareholder Alexander Otto acquired 60,701 shares of the stock on the open market in a transaction dated Thursday, January 9th. The stock was purchased at an average cost of $15.48 per share, with a total value of $939,651.48. Following the purchase, the insider now directly owns 39,889,420 shares of the company’s stock, valued at approximately $617,488,222. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
DDR has been the subject of a number of recent research reports. 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. The company currently has a consensus rating of “Buy” and a consensus target price of $18.65.
Shares of DDR Corp (NYSE:DDR) traded down 1.21% during mid-day trading on Monday, hitting $15.51. The stock had a trading volume of 1,721,294 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 $15.60 and a 200-day moving average of $16.2. The company’s market cap is $4.935 billion.
DDR Corp (NYSE:DDR) last released its earnings data 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. Analysts expect that DDR Corp will post $1.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 8th. Stockholders 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 4.00%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost 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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