DDR Corp. (DDR) Set to Announce Quarterly Earnings on Thursday
DDR Corp. (NYSE:DDR) will be issuing its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
DDR Corp. (NYSE:DDR) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.22). DDR Corp. had a positive return on equity of 1.24% and a negative net margin of 5.48%. The company had revenue of $227.40 million during the quarter, compared to analyst estimates of $222.90 million. During the same period in the prior year, the firm earned $0.33 EPS. DDR Corp.’s quarterly revenue was down 7.5% on a year-over-year basis. On average, analysts expect DDR Corp. to post $-0.12 EPS for the current fiscal year and $0.01 EPS for the next fiscal year.
Shares of DDR Corp. (NYSE DDR) opened at 7.94 on Thursday. The firm’s market cap is $2.91 billion. DDR Corp. has a 12 month low of $7.86 and a 12 month high of $15.85. The firm has a 50 day moving average price of $9.20 and a 200-day moving average price of $9.68.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, September 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.57%. DDR Corp.’s dividend payout ratio is -379.98%.
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A number of equities analysts have recently commented on DDR shares. KeyCorp restated a “buy” rating and set a $13.00 price objective on shares of DDR Corp. in a research note on Friday, September 1st. BidaskClub upgraded shares of DDR Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Mizuho restated a “hold” rating and set a $10.00 price objective on shares of DDR Corp. in a research note on Monday, October 9th. Deutsche Bank AG upgraded shares of DDR Corp. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $13.00 in a research note on Thursday, July 27th. Finally, ValuEngine downgraded shares of DDR Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. DDR Corp. currently has a consensus rating of “Hold” and an average target price of $12.63.
About DDR Corp.
DDR Corp. is a self-administered and self-managed real estate investment trust. It operates through two segments: shopping centers and loan investments. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. As of December 31, 2016, it owned and managed approximately 106 million total square feet of gross leasable area (GLA).
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