DDR Corp Director Sells $69,160 in Stock (DDR)
DDR Corp (NYSE:DDR) Director Scott D. Roulston sold 4,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $17.29, for a total transaction of $69,160.00. Following the sale, the director now directly owns 5,193 shares of the company’s stock, valued at approximately $89,787. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of DDR Corp (NYSE:DDR) traded up 0.46% during mid-day trading on Friday, hitting $17.63. The stock had a trading volume of 2,272,739 shares. DDR Corp has a one year low of $14.89 and a one year high of $18.12. The stock has a 50-day moving average of $17.70 and a 200-day moving average of $16.90. The company has a market cap of $6.308 billion and a P/E ratio of 167.14.
DDR Corp (NYSE:DDR) last announced its earnings results on Wednesday, July 30th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $245.78 million for the quarter, compared to the consensus estimate of $246.16 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 24.4% on a year-over-year basis. Analysts expect that DDR Corp will post $1.15 EPS for the current fiscal year.
A number of analysts have recently weighed in on DDR shares. Analysts at ISI Group raised their price target on shares of DDR Corp from $19.00 to $20.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of DDR Corp from $21.00 to $24.00 in a research note on Tuesday, July 22nd. Finally, analysts at Deutsche Bank raised their price target on shares of DDR Corp from $18.00 to $19.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $19.89.
DDR Corp. (NYSE:DDR) is an owner and manager of 396 shopping centers representing 108 million square feet in 39 states and Puerto Rico.
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