DDR Corp. (DDR) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS
DDR Corp. (NYSE:DDR) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03, Bloomberg Earnings reports. DDR Corp. had a negative net margin of 5.48% and a positive return on equity of 1.24%. The business had revenue of $220.10 million for the quarter, compared to analyst estimates of $218.58 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. DDR Corp.’s quarterly revenue was down 10.2% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, September 25th. This represents a $0.76 annualized dividend and a dividend yield of Infinity. DDR Corp.’s payout ratio is -379.98%.
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Several research firms recently commented on DDR. Mizuho reissued a “hold” rating and set a $10.00 price objective on shares of DDR Corp. in a research note on Monday, October 9th. Zacks Investment Research raised shares of DDR Corp. from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Wednesday, October 4th. Boenning Scattergood lowered shares of DDR Corp. from a “neutral” rating to an “under perform” rating in a research note on Tuesday, October 3rd. ValuEngine raised shares of DDR Corp. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, KeyCorp reissued a “buy” rating and set a $13.00 price objective on shares of DDR Corp. in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.63.
DDR Corp. Company Profile
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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