$0.27 EPS Expected for DDR Corp. (DDR) This Quarter
Analysts expect DDR Corp. (NYSE:DDR) to post earnings per share (EPS) of $0.27 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for DDR Corp.’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.29. DDR Corp. posted earnings of $0.08 per share during the same quarter last year, which suggests a positive year over year growth rate of 237.5%. The business is expected to issue its next earnings report on Monday, February 12th.
On average, analysts expect that DDR Corp. will report full year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $1.11 to $1.15. For the next fiscal year, analysts forecast that the firm will post earnings of $1.05 per share, with EPS estimates ranging from $0.94 to $1.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow DDR Corp..
DDR Corp. (NYSE:DDR) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The firm had revenue of $220.10 million for the quarter, compared to analyst estimates of $218.58 million. DDR Corp. had a net margin of 1.11% and a return on equity of 3.44%. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share.
DDR has been the topic of several research analyst reports. Mizuho reissued a “hold” rating and issued a $10.00 price objective on shares of DDR Corp. in a research report on Monday, October 9th. Boenning Scattergood reissued a “hold” rating on shares of DDR Corp. in a research report on Thursday, July 27th. 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 report on Wednesday, October 4th. ValuEngine raised shares of DDR Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, KeyCorp reissued a “buy” rating and issued a $13.00 price objective on shares of DDR Corp. in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $12.63.
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Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC acquired a new position in shares of DDR Corp. in the second quarter valued at about $121,000. Principal Financial Group Inc. grew its stake in shares of DDR Corp. by 18.0% in the second quarter. Principal Financial Group Inc. now owns 6,777,400 shares of the real estate investment trust’s stock valued at $61,471,000 after acquiring an additional 1,033,642 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of DDR Corp. in the second quarter valued at about $149,000. BlackRock Inc. grew its stake in shares of DDR Corp. by 7.5% in the second quarter. BlackRock Inc. now owns 22,226,684 shares of the real estate investment trust’s stock valued at $201,598,000 after acquiring an additional 1,545,615 shares in the last quarter. Finally, Westpac Banking Corp grew its stake in shares of DDR Corp. by 30.2% in the second quarter. Westpac Banking Corp now owns 1,132,633 shares of the real estate investment trust’s stock valued at $10,273,000 after acquiring an additional 262,389 shares in the last quarter. Institutional investors and hedge funds own 80.26% of the company’s stock.
DDR Corp. (NYSE:DDR) opened at $7.92 on Friday. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 1.46 and a beta of 0.76. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.67.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 25th. This represents a $0.76 annualized dividend and a dividend yield of 9.60%. DDR Corp.’s dividend payout ratio (DPR) is presently -1,900.00%.
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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