Insider Buying: DDR Corp major shareholder Buys 44,746 Shares of Stock (DDR)
DDR Corp (NYSE:DDR) major shareholder Alexander Otto bought 44,746 shares of DDR Corp stock on the open market in a transaction that occurred on Monday, January 13th. The stock was purchased at an average cost of $15.48 per share, for a total transaction of $692,668.08. Following the completion of the transaction, the insider now directly owns 39,934,166 shares in the company, valued at approximately $618,180,890. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of DDR Corp (NYSE:DDR) traded up 0.13% during mid-day trading on Wednesday, hitting $15.65. 1,899,350 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 has a 50-day moving average of $15.56 and a 200-day moving average of $16.23. The company’s market cap is $4.980 billion.
DDR Corp (NYSE:DDR) last announced its 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. 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. 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 3.96%. 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.
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 equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $18.65.
DDR Corp.(NYSE:DDR) is a self-administered and self-managed real estate investment trust.
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