DDR Corp. (DDR) Getting Somewhat Favorable Media Coverage, Study Shows
Headlines about DDR Corp. (NYSE:DDR) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. DDR Corp. earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.1872253876223 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- UnitedHealth Group Incorporated (UNH) Stake Boosted by Robecosam AG (expressnewsline.com)
- DDR Corp. (DDR) Downgraded to “Hold” at ValuEngine (americanbankingnews.com)
- Understanding Technical Signals From Realogy Holdings Corp. (RLGY) (fishinghd.com)
- DDR Corp. (DDR) Rating Reiterated by KeyCorp (americanbankingnews.com)
- Trading Update: DDR Corp (DDR) Currently Above Chikou Line – MTNV (mtnvnews.com)
Several equities analysts have recently commented on DDR shares. Citigroup Inc. dropped their target price on shares of DDR Corp. from $16.50 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, May 9th. Boenning Scattergood upgraded shares of DDR Corp. from an “underperform” rating to a “neutral” rating in a research report on Monday, May 15th. They noted that the move was a valuation call. TheStreet cut shares of DDR Corp. from a “c-” rating to a “d+” rating in a research report on Thursday, May 18th. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 price objective on shares of DDR Corp. in a research report on Friday, May 26th. Finally, ValuEngine cut shares of DDR Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.00.
DDR Corp. (NYSE:DDR) opened at 9.87 on Monday. DDR Corp. has a 12 month low of $8.11 and a 12 month high of $19.22. The firm has a 50-day moving average of $9.89 and a 200 day moving average of $10.82. The firm’s market capitalization is $3.62 billion.
DDR Corp. (NYSE:DDR) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.28 by $0.22. The business had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $222.90 million. DDR Corp. had a positive return on equity of 1.24% and a negative net margin of 5.48%. The company’s revenue was down 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Equities research analysts forecast that DDR Corp. will post ($0.10) earnings per share for the current year.
In other DDR Corp. news, Director Terrance R. Ahern purchased 59,000 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were purchased at an average cost of $8.47 per share, with a total value of $499,730.00. Following the completion of the purchase, the director now owns 323,060 shares of the company’s stock, valued at approximately $2,736,318.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David R. Lukes purchased 60,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were acquired at an average cost of $8.37 per share, for a total transaction of $502,200.00. Following the completion of the purchase, the chief executive officer now directly owns 432,948 shares of the company’s stock, valued at approximately $3,623,774.76. The disclosure for this purchase can be found here. Company insiders own 16.10% of the company’s stock.
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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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