DDR Corp (DDR) Expected to Earn FY2017 Earnings of $1.16 Per Share

DDR Corp (NYSE:DDR) – Investment analysts at Capital One Financial boosted their FY2017 earnings estimates for DDR in a report issued on Monday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings of $1.16 per share for the year, up from their previous forecast of $1.13. Capital One Financial currently has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for DDR’s Q4 2017 earnings at $0.26 EPS, Q2 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $0.99 EPS and FY2019 earnings at $0.99 EPS.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus initiated coverage on shares of DDR in a research report on Thursday, November 30th. They set a “buy” rating and a $8.25 price objective for the company. Raymond James Financial reiterated a “buy” rating on shares of DDR in a research report on Friday, December 15th. Citigroup reiterated a “buy” rating on shares of DDR in a research report on Friday, December 15th. Morgan Stanley reiterated an “equal weight” rating and set a $8.25 price objective on shares of DDR in a research report on Thursday, December 14th. Finally, SunTrust Banks reiterated a “hold” rating and set a $10.00 price objective on shares of DDR in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $11.21.

DDR (NYSE DDR) opened at $7.18 on Wednesday. DDR has a 12-month low of $6.77 and a 12-month high of $15.30. 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 $2,656.63, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.60.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Profund Advisors LLC raised its stake in shares of DDR by 25.9% in the second quarter. Profund Advisors LLC now owns 15,228 shares of the real estate investment trust’s stock valued at $138,000 after acquiring an additional 3,132 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of DDR by 24.9% in the second quarter. The Manufacturers Life Insurance Company now owns 23,930 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 4,768 shares during the period. Presima Inc. raised its stake in shares of DDR by 3.3% in the fourth quarter. Presima Inc. now owns 222,600 shares of the real estate investment trust’s stock valued at $1,994,000 after acquiring an additional 7,100 shares during the period. Meeder Asset Management Inc. raised its stake in shares of DDR by 28.9% in the fourth quarter. Meeder Asset Management Inc. now owns 38,692 shares of the real estate investment trust’s stock valued at $348,000 after acquiring an additional 8,672 shares during the period. Finally, Strs Ohio raised its stake in shares of DDR by 3.4% in the fourth quarter. Strs Ohio now owns 402,621 shares of the real estate investment trust’s stock valued at $3,607,000 after acquiring an additional 13,420 shares during the period. 78.89% of the stock is currently owned by institutional investors and hedge funds.

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About DDR

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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