DDR Corp. (DDR) Receiving Somewhat Favorable Press Coverage, Analysis Finds
Media stories about DDR Corp. (NYSE:DDR) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DDR Corp. earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.0639770221511 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- DDR Corp. (NYSE:DDR) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
- DDR Corp (DDR) Refinances Loans to Upsize Credit Facility – Nasdaq (nasdaq.com)
- DDR Declares Common Stock Dividend of $0.19 for Third Quarter 2017 (finance.yahoo.com)
- DDR Refinances And Upsizes $1.0 Billion Revolving Credit Facilities (finance.yahoo.com)
A number of analysts have recently commented on the company. Boenning Scattergood restated a “hold” rating on shares of DDR Corp. in a report on Thursday, July 27th. Zacks Investment Research upgraded DDR Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine lowered DDR Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and issued a $9.00 price target on shares of DDR Corp. in a report on Tuesday, June 20th. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a $12.00 price target (down from $14.50) on shares of DDR Corp. in a report on Wednesday, June 28th. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. DDR Corp. presently has an average rating of “Hold” and a consensus target price of $14.00.
Shares of DDR Corp. (DDR) opened at 10.14 on Friday. The firm’s market cap is $3.72 billion. DDR Corp. has a 52-week low of $8.11 and a 52-week high of $17.96. The company has a 50 day moving average price of $9.92 and a 200-day moving average price of $10.52.
DDR Corp. (NYSE:DDR) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.22). DDR Corp. had a negative net margin of 5.48% and a positive return on equity of 1.24%. The business had revenue of $227.40 million during the quarter, compared to the consensus estimate of $222.90 million. During the same period in the previous year, the business posted $0.33 EPS. DDR Corp.’s revenue was down 7.5% compared to the same quarter last year. On average, analysts expect that DDR Corp. will post ($0.08) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th will be given a $0.19 dividend. The ex-dividend date is Monday, September 25th. This represents a $0.76 annualized dividend and a yield of 7.50%. DDR Corp.’s payout ratio is -379.98%.
In other DDR Corp. news, CEO David R. Lukes purchased 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were acquired at an average price of $8.37 per share, with a total value of $502,200.00. Following the transaction, the chief executive officer now owns 432,948 shares in the company, valued at $3,623,774.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Terrance R. Ahern purchased 59,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was acquired at an average cost of $8.47 per share, for a total transaction of $499,730.00. Following the transaction, the director now owns 323,060 shares in the company, valued at approximately $2,736,318.20. The disclosure for this purchase can be found here. 16.10% of the stock is currently owned by company insiders.
About DDR Corp.
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).
Receive News & Stock Ratings for DDR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DDR Corp. and related stocks with our FREE daily email newsletter.