Jefferies Group Research Analysts Decrease Earnings Estimates for DDR Corp (DDR)

DDR Corp (NYSE:DDR) – Research analysts at Jefferies Group cut their FY2018 earnings per share (EPS) estimates for shares of DDR in a research report issued to clients and investors on Tuesday. Jefferies Group analyst G. Hoglund now forecasts that the real estate investment trust will post earnings of $0.99 per share for the year, down from their prior estimate of $1.00. Jefferies Group also issued estimates for DDR’s FY2019 earnings at $1.01 EPS.

DDR (NYSE:DDR) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. DDR had a return on equity of 3.48% and a net margin of 1.11%. The company had revenue of $220.10 million during the quarter, compared to analyst estimates of $218.58 million. During the same quarter in the previous year, the company posted $0.33 EPS. DDR’s revenue for the quarter was down 10.2% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus initiated coverage on DDR in a research note on Thursday, November 30th. They issued a “buy” rating and a $8.25 target price for the company. Zacks Investment Research raised DDR from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Wednesday, October 4th. Raymond James Financial restated a “buy” rating on shares of DDR in a report on Friday, December 15th. Citigroup restated a “buy” rating on shares of DDR in a report on Friday, December 15th. Finally, ValuEngine upgraded DDR from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $11.29.

DDR (DDR) traded up $0.01 during midday trading on Wednesday, hitting $8.37. The stock had a trading volume of 3,832,873 shares, compared to its average volume of 4,825,943. DDR has a 12 month low of $7.26 and a 12 month high of $15.57. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $3,080.00, a price-to-earnings ratio of -18.20, a PEG ratio of 1.69 and a beta of 0.75.

Several hedge funds have recently bought and sold shares of DDR. Cambridge Investment Research Advisors Inc. purchased a new position in shares of DDR during the 2nd quarter worth approximately $111,000. 1st Global Advisors Inc. purchased a new position in shares of DDR during the 2nd quarter worth approximately $131,000. Profund Advisors LLC grew its holdings in shares of DDR by 25.9% during the 2nd quarter. Profund Advisors LLC now owns 15,228 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 3,132 shares during the period. Bridgewater Associates LP purchased a new position in shares of DDR during the 2nd quarter worth approximately $143,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of DDR during the 2nd quarter worth approximately $149,000. Hedge funds and other institutional investors own 80.02% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Tuesday, December 12th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.08%. DDR’s dividend payout ratio (DPR) is -165.22%.

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DDR 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).

Earnings History and Estimates for DDR (NYSE:DDR)

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