About DDR Corp. (NYSE: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). As of December 31, 2016, the portfolio properties included 319 shopping centers (including 152 centers owned through joint ventures). As of December 31, 2016, the portfolio properties also included over 650 acres of undeveloped land, including parcels located adjacent to certain of the shopping centers. As of December 31, 2016, the portfolio properties aggregated to 75.8 million square feet of Company-owned GLA located in 35 states, plus Puerto Rico. These centers are in the Southeast and Midwest, with significant concentrations in Florida, Georgia, Ohio and North Carolina, as well as Puerto Rico.
Industry, Sector and Symbol
Industry Retail REITs
Trailing P/E Ratio6.68
Forward P/E Ratio6.98
Sales & Book Value
Annual Sales$969.51 million
Price / Sales3.03
Cash Flow$1.22 per share
Price / Cash6.50
Book Value$7.23 per share
Price / Book1.10
Net Income$60.01 million
Return on Equity3.48%
Return on Assets1.20%
Frequently Asked Questions for DDR Corp. (NYSE:DDR)
What is DDR Corp.'s stock symbol?
DDR Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "DDR."
How often does DDR Corp. pay dividends? What is the dividend yield for DDR Corp.?
DDR Corp. declared a quarterly dividend on Friday, November 10th. Investors of record on Tuesday, December 12th will be given a dividend of $0.19 per share on Friday, January 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date is Monday, December 11th. View DDR Corp.'s Dividend History.
How were DDR Corp.'s earnings last quarter?
DDR Corp. (NYSE:DDR) announced its quarterly earnings data on Thursday, November, 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.27 by $0.03. The real estate investment trust earned $220.10 million during the quarter, compared to analysts' expectations of $218.58 million. DDR Corp. had a return on equity of 3.48% and a net margin of 1.11%. The firm's revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. View DDR Corp.'s Earnings History.
When will DDR Corp. make its next earnings announcement?
Where is DDR Corp.'s stock going? Where will DDR Corp.'s stock price be in 2017?
13 analysts have issued 12 month price targets for DDR Corp.'s stock. Their predictions range from $9.00 to $16.00. On average, they expect DDR Corp.'s share price to reach $12.09 in the next year. View Analyst Ratings for DDR Corp..
Who are some of DDR Corp.'s key competitors?
Some companies that are related to DDR Corp. include Brixmor Property Group (BRX), Weingarten Realty Investors (WRI), CoreSite Realty Corporation (COR), Taubman Centers (TCO), Retail Properties of America (RPAI), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp. (ROIC), Four Corners Property Trust (FCPT), Kite Realty Group Trust (KRG), Agree Realty Corporation (ADC), Saul Centers (BFS), Washington Prime Group (WPG), Ramco-Gershenson Properties Trust (RPT), Getty Realty Corporation (GTY), Rouse Properties (RSE) and Pennsylvania Real Estate Investment Trust (PEI).
Who are DDR Corp.'s key executives?
DDR Corp.'s management team includes the folowing people:
- Terrance R. Ahern, Independent Chairman of the Board (Age 61)
- David R. Lukes, President, Chief Executive Officer, Director (Age 47)
- Matthew L. Ostrower, Chief Financial Officer, Executive Vice President, Treasurer (Age 46)
- Michael A. Makinen, Chief Operating Officer, Executive Vice President (Age 52)
- Vincent A. Corno, Executive Vice President - Leasing & Development (Age 53)
- Thomas Finne, Director (Age 58)
- Alexander Otto, Director (Age 50)
- Jane E. DeFlorio, Independent Director (Age 46)
- Robert H. Gidel, Independent Director (Age 65)
- Victor B. MacFarlane, Independent Director (Age 65)
Who owns DDR Corp. stock?
DDR Corp.'s stock is owned by many different of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (2.44%), Principal Financial Group Inc. (1.94%), Alyeska Investment Group L.P. (1.86%), Victory Capital Management Inc. (1.47%), Capital Growth Management LP (1.40%) and King Street Capital Management L.P. (1.33%). Company insiders that own DDR Corp. stock include Alexander Otto, Christa A Vesy, David R Lukes, Katharina Otto-Bernstein, Matthew Louis Ostrower, Michael Makinen, Paul W Freddo, Robert H Gidel, Scott D Roulston, Terrance R Ahern, Thomas F August and Thomas Finne. View Institutional Ownership Trends for DDR Corp..
Who sold DDR Corp. stock? Who is selling DDR Corp. stock?
DDR Corp.'s stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Bank of New York Mellon Corp, Russell Investments Group Ltd., Virginia Retirement Systems ET AL, Strs Ohio, Wells Fargo & Company MN, Quantbot Technologies LP and California State Teachers Retirement System. View Insider Buying and Selling for DDR Corp..
Who bought DDR Corp. stock? Who is buying DDR Corp. stock?
DDR Corp.'s stock was purchased by a variety of institutional investors in the last quarter, including Capital Growth Management LP, King Street Capital Management L.P., Alyeska Investment Group L.P., Prudential Financial Inc., Schwab Charles Investment Management Inc., Victory Capital Management Inc., Macquarie Group Ltd. and Foundry Partners LLC. Company insiders that have bought DDR Corp. stock in the last two years include Alexander Otto, David R Lukes, Katharina Otto-Bernstein, Matthew Louis Ostrower, Michael Makinen, Robert H Gidel, Scott D Roulston, Terrance R Ahern, Thomas F August and Thomas Finne. View Insider Buying and Selling for DDR Corp..
How do I buy DDR Corp. stock?
Shares of DDR Corp. can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is DDR Corp.'s stock price today?
One share of DDR Corp. stock can currently be purchased for approximately $7.96.
How big of a company is DDR Corp.?
DDR Corp. has a market capitalization of $2.93 billion and generates $969.51 million in revenue each year. The real estate investment trust earns $60.01 million in net income (profit) each year or ($0.46) on an earnings per share basis. DDR Corp. employs 540 workers across the globe.
How can I contact DDR Corp.?
DDR Corp.'s mailing address is 3300 Enterprise Pkwy, BEACHWOOD, OH 44122-7200, United States. The real estate investment trust can be reached via phone at +1-216-7555500.
MarketBeat Community Rating for DDR Corp. (DDR)MarketBeat's community ratings are surveys of what our community members think about DDR Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for DDR Corp. (NYSE:DDR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.19||2.25||2.20||2.16|
|Ratings Breakdown: ||2 Sell Rating(s)|
13 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
11 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
14 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
14 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$13.53||$14.06||$14.67||$16.00|
|Price Target Upside: ||71.04% upside||58.90% upside||42.95% upside||75.82% upside|
Consensus Price Target History for DDR Corp. (NYSE:DDR)
Analysts' Ratings History for DDR Corp. (NYSE:DDR)
(Data available from 11/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/7/2017||Royal Bank Of Canada||Reiterated Rating||Sector Perform||$11.00 -> $9.00||N/A|
|11/6/2017||Boenning Scattergood||Reiterated Rating||Sell||N/A|
|11/3/2017||SunTrust Banks, Inc.||Reiterated Rating||Hold||$10.00||N/A|
|7/27/2017||Deutsche Bank AG||Upgrade||Hold -> Buy||$12.00 -> $13.00||Low|
|6/28/2017||J P Morgan Chase & Co||Reiterated Rating||Neutral||$14.50 -> $12.00||Medium|
|6/20/2017||Jefferies Group LLC||Reiterated Rating||Hold||$9.00||Low|
|5/9/2017||Citigroup Inc.||Lower Price Target||Buy||$16.50 -> $13.00||Low|
|3/13/2017||Sandler O'Neill||Downgrade||Buy -> Hold||$16.00 -> $14.00||Low|
|3/6/2017||Morgan Stanley||Upgrade||Underweight -> Equal Weight||$14.00||N/A|
|3/3/2017||Evercore ISI||Upgrade||Hold -> Outperform||N/A|
|2/24/2017||Canaccord Genuity||Lower Price Target||Hold -> Hold||$20.00 -> $16.00||N/A|
|8/25/2016||Bank of America Corporation||Downgrade||Neutral -> Underperform||$18.34 -> $18.50||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
|7/27/2016||Credit Suisse Group||Downgrade||Outperform -> Neutral||$18.50||N/A|
|7/25/2016||Raymond James Financial, Inc.||Initiated Coverage||Outperform||$21.00||N/A|
|1/7/2016||Robert W. Baird||Downgrade||Outperform -> Neutral||$20.00 -> $18.00||N/A|
|12/21/2015||Capital One Financial Corporation||Downgrade||Overweight -> Equal Weight||N/A|
Earnings History and Estimates Chart for DDR Corp. (NYSE:DDR)
Earnings History by Quarter for DDR Corp. (NYSE DDR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/2/2017||Q3 2017||$0.27||$0.30||$218.58 million||$220.10 million||View||N/A|
|7/26/2017||Q2 2017||$0.28||$0.06||$222.90 million||$227.40 million||View||N/A|
|4/25/2017||Q1 2017||$0.29||$0.30||$230.91 million||$230.98 million||View||N/A|
|2/13/2017||Q416||$0.04||$0.30||$241.73 million||$232.20 million||View||N/A|
|10/26/2016||Q316||$0.31||$0.33||$243.84 million||$245.20 million||View||N/A|
|7/26/2016||Q216||$0.31||$0.33||$243.03 million||$245.90 million||View||N/A|
|4/28/2016||Q116||$0.30||$0.31||$244.26 million||$246.30 million||View||N/A|
|2/11/2016||Q415||$0.31||$0.31||$248.53 million||$246.53 million||View||Listen|
|10/27/2015||Q315||$0.31||$0.31||$250.18 million||$248.90 million||View||Listen|
|7/29/2015||Q215||$0.30||$0.31||$250.70 million||$248.90 million||View||Listen|
|4/28/2015||Q1 15||$0.30||$0.30||$259.18 million||$250.75 million||View||N/A|
|2/11/2015||Q414||$0.31||$0.31||$250.83 billion||$248.56 million||View||N/A|
|10/27/2014||Q314||$0.29||$0.29||$253.37 million||$242.95 million||View||N/A|
|7/30/2014||Q114||$0.28||$0.28||$246.16 million||$245.78 million||View||N/A|
|5/6/2014||Q413||$0.28||$0.28||$247.29 million||$246.02 million||View||Listen|
|2/13/2014||Q4||$0.29||$0.29||$244.37 million||$256.90 million||View||Listen|
|11/5/2013||Q313||$0.28||$0.28||$211.30 million||$219.37 million||View||Listen|
|8/1/2013||Q213||$0.27||$0.27||$204.42 million||$217.09 million||View||Listen|
|5/1/2013||Q113||$0.26||$0.27||$207.73 million||$210.80 million||View||Listen|
|2/13/2013||Q412||$0.27||$0.27||$206.43 million||$210.87 million||View||Listen|
|11/1/2012||Q312||$0.26||$0.27||$195.98 million||$204.98 million||View||N/A|
Earnings Estimates for DDR Corp. (NYSE:DDR)
2017 EPS Consensus Estimate: $1.12
2018 EPS Consensus Estimate: $1.02
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for DDR Corp. (NYSE:DDR)
|Dividend Growth:||12.20% (3 Year Average)|
|Payout Ratio:||-165.22% (Trailing 12 Months of Earnings) |
66.67% (Based on This Year's Estimates)
73.79% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for DDR Corp. (NYSE DDR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for DDR Corp. (NYSE DDR)
Insider Ownership Percentage: 16.10%
Institutional Ownership Percentage: 81.29%
Insider Trades by Quarter for DDR Corp. (NYSE DDR)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/22/2017||Terrance R Ahern||Director||Buy||59,000||$8.47||$499,730.00|| |
|6/21/2017||David R Lukes||CEO||Buy||60,000||$8.37||$502,200.00|| |
|6/2/2017||Michael Makinen||COO||Buy||11,325||$8.83||$99,999.75|| |
|6/2/2017||Thomas Finne||Director||Buy||2,000||$8.70||$17,400.00|| |
|5/12/2017||David R Lukes||CEO||Buy||170,000||$9.48||$1,611,600.00|| |
|5/12/2017||Matthew Louis Ostrower||CFO||Buy||53,000||$9.46||$501,380.00|| |
|5/11/2017||Katharina Otto-Bernstein||Major Shareholder||Buy||500,000||$9.40||$4,700,000.00|| |
|5/9/2017||Alexander Otto||Director||Buy||500,000||$9.52||$4,760,000.00|| |
|4/28/2017||Thomas Finne||Director||Buy||2,000||$11.05||$22,100.00|| |
|3/23/2017||Robert H Gidel||Director||Buy||4,000||$12.80||$51,200.00|| |
|3/22/2017||Thomas Finne||Director||Buy||2,000||$12.45||$24,900.00|| |
|3/9/2017||Terrance R Ahern||Director||Buy||76,000||$13.11||$996,360.00|| |
|12/23/2016||Alexander Otto||Director||Buy||84,000||$14.86||$1,248,240.00|| |
|12/15/2016||Alexander Otto||Director||Buy||86,000||$14.82||$1,274,520.00|| |
|11/17/2016||Alexander Otto||Director||Buy||218,699||$14.98||$3,276,111.02|| |
|11/14/2016||Alexander Otto||Director||Buy||281,301||$14.91||$4,194,197.91|| |
|10/31/2016||Thomas F August||Insider||Buy||30,100||$15.22||$458,122.00|| |
|10/31/2016||Thomas Finne||Director||Buy||1,577||$15.20||$23,970.40|| |
|8/23/2016||Scott D Roulston||Director||Buy||5,500||$18.61||$102,355.00|| |
|7/29/2016||Robert H Gidel||Director||Sell||16,000||$19.50||$312,000.00|| |
|6/27/2016||Christa A Vesy||VP||Sell||5,000||$17.38||$86,900.00|| |
|5/5/2016||Paul W Freddo||VP||Sell||28,939||$18.00||$520,902.00|| |
|2/17/2016||Scott D Roulston||Director||Sell||3,000||$16.30||$48,900.00|| |
|8/25/2015||Robert H Gidel||Director||Buy||1,300||$15.85||$20,605.00|| |
|6/23/2015||Alexander Otto||Director||Buy||1,000,000||$16.05||$16,050,000.00|| |
|5/28/2015||Scott D Roulston||Director||Sell||1,090||$17.12||$18,660.80|| |
|4/2/2015||Terrance R Ahern||Director||Sell||5,650||$25.48||$143,962.00|| |
|3/23/2015||Scott D Roulston||Director||Sell||1,100||$19.22||$21,142.00|| |
|1/8/2015||Christa A Vesy||VP||Sell||6,000||$19.37||$116,220.00|| |
|11/10/2014||Thomas Finne||Director||Sell||5,000||$18.50||$92,500.00|| |
|11/6/2014||Daniel B Hurwitz||CEO||Sell||25,973||$18.28||$474,786.44|| |
|10/3/2014||Scott D Roulston||Director||Sell||3,000||$16.75||$50,250.00|| |
|8/6/2014||Scott D Roulston||Director||Sell||4,000||$17.29||$69,160.00|| |
|8/1/2014||Daniel B Hurwitz||CEO||Sell||56,649||$17.53||$993,056.97|| |
|5/22/2014||Robert H Gidel||Director||Sell||6,000||$17.10||$102,600.00|| |
|5/13/2014||Craig Macnab||Director||Sell||26,315||$17.39||$457,617.85|| |
|4/3/2014||Scott Roulston||Director||Sell||4,000||$16.65||$66,600.00|| |
|4/2/2014||Craig Macnab||Director||Sell||15,945||$16.64||$265,324.80|| |
|3/25/2014||Paul Freddo||VP||Sell||20,000||$16.48||$329,600.00|| |
|2/3/2014||Daniel Hurwitz||CEO||Sell||32,138||$15.40||$494,925.20|| |
|1/17/2014||Alexander Otto||major shareholder||Buy||240,319||$15.54||$3,734,557.26|| |
|1/16/2014||Scott Roulston||Director||Sell||3,000||$15.57||$46,710.00|| |
|1/13/2014||Alexander Otto||major shareholder||Buy||44,746||$15.48||$692,668.08|| |
|1/9/2014||Alexander Otto||major shareholder||Buy||60,701||$15.48||$939,651.48|| |
|1/3/2014||Alexander Otto||major shareholder||Buy||1,100||$15.29||$16,819.00|| |
|1/2/2014||Alexander Otto||major shareholder||Buy||153,134||$15.26||$2,336,824.84|| |
|1/2/2014||Daniel Hurwitz||CEO||Sell||17,760||$15.29||$271,550.40|| |
|9/3/2013||Daniel Hurwitz||CEO||Sell||6,649||$15.45||$102,727.05|| |
|7/31/2013||Daniel B Hurwitz||CEO||Sell||50,000||$17.09||$854,500.00|| |
|7/8/2013||Scott D Roulston||Director||Sell||6,000||$16.87||$101,220.00|| |
|9/4/2012||Daniel B Hurwitz||CEO||Sell||10,079||$15.25||$153,704.75|| |
|8/9/2012||Janina Otto||Insider||Sell||274,834||$14.91||$4,097,774.94|| |
Latest Headlines for DDR Corp. (NYSE DDR)
DDR Corp. (NYSE DDR) Chart for Saturday, November, 25, 2017