DDR (DDR) Issues Q1 Earnings Guidance
DDR (NYSE:DDR) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of at least $0.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.25.
Shares of DDR (NYSE:DDR) traded up $0.21 during trading on Thursday, reaching $7.40. 4,515,650 shares of the company were exchanged, compared to its average volume of 4,526,114. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.51. DDR has a 12-month low of $6.77 and a 12-month high of $14.89. The stock has a market cap of $2,645.58, a PE ratio of -179.75, a price-to-earnings-growth ratio of 1.41 and a beta of 0.60.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 10.27%. DDR’s dividend payout ratio is currently -1,900.00%.
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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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