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:
- Sector: Finance
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:DDR
- CUSIP: 23317H10
- Web: www.ddr.com
- Market Cap: $3.41688 billion
- Outstanding Shares: 366,986,000
- 50 Day Moving Avg: $9.89
- 200 Day Moving Avg: $10.40
- 52 Week Range: $8.11 - $17.96
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 9.12
- P/E Growth: 27.91
- Annual Revenue: $963.85 million
- Price / Sales: 3.61
- Book Value: $7.42 per share
- Price / Book: 1.28
- Annual Dividend: $0.76
- Dividend Yield: 8.2%
- EBIDTA: $622.4 million
- Net Margins: -5.48%
- Return on Equity: 1.24%
- Return on Assets: 0.42%
- Debt-to-Equity Ratio: 1.67%
- Current Ratio: 1.65%
- Quick Ratio: 1.65%
- Average Volume: 4.71 million shs.
- Beta: 0.8
- Short Ratio: 1.08
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 Wednesday, September 13th. Stockholders of record on Tuesday, September 26th will be paid a dividend of $0.19 per share on Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date is Monday, September 25th. View DDR Corp.'s Dividend History.
How were DDR Corp.'s earnings last quarter?
DDR Corp. (NYSE:DDR) issued its quarterly earnings results on Wednesday, July, 26th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.28 by $0.22. The company earned $227.40 million during the quarter, compared to analysts' expectations of $222.90 million. DDR Corp. had a negative net margin of 5.48% and a positive return on equity of 1.24%. The firm's revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior 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?
12 brokers have issued 1 year price objectives for DDR Corp.'s shares. Their forecasts range from $9.00 to $16.00. On average, they anticipate DDR Corp.'s stock price to reach $13.50 in the next twelve months. View Analyst Ratings for DDR Corp..
Who are some of DDR Corp.'s key competitors?
Some companies that are related to DDR Corp. include National Retail Properties (NNN), Brixmor Property Group (BRX), Weingarten Realty Investors (WRI), CoreSite Realty Corporation (COR), Retail Properties of America (RPAI), Taubman Centers (TCO), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp. (ROIC), American Assets Trust (AAT), Kite Realty Group Trust (KRG), Four Corners Property Trust (FCPT), Washington Prime Group (WPG), Agree Realty Corporation (ADC), Saul Centers (BFS), Getty Realty Corporation (GTY) and Ramco-Gershenson Properties Trust (RPT).
Who are DDR Corp.'s key executives?
DDR Corp.'s management team includes the folowing people:
- Terrance R. Ahern, Independent Chairman of the Board
- David R. Lukes, President, Chief Executive Officer, Director
- Matthew L. Ostrower, Chief Financial Officer, Executive Vice President, Treasurer
- Michael A. Makinen, Chief Operating Officer, Executive Vice President
- Vincent A. Corno, Executive Vice President - Leasing & Development
- Thomas Finne, Director
- Alexander Otto, Director
- Jane E. DeFlorio, Independent Director
- Robert H. Gidel, Independent Director
- Victor B. MacFarlane, Independent Director
Who owns DDR Corp. stock?
DDR Corp.'s stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.15%), Goldman Sachs Group Inc. (8.01%), BlackRock Inc. (6.06%), FMR LLC (3.75%), Bank of New York Mellon Corp (2.63%) and State Street Corp (2.62%). 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 Cbre Clarion Securities LLC, FMR LLC, Victory Capital Management Inc., Daiwa Securities Group Inc., Prudential Financial Inc., Adelante Capital Management LLC, Virginia Retirement Systems ET AL and Thrivent Financial For Lutherans. 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 Goldman Sachs Group Inc., Brookfield Asset Management Inc., Eaton Vance Management, Balyasny Asset Management LLC, LSV Asset Management, BlackRock Inc., Bank of New York Mellon Corp and APG Asset Management US Inc.. 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 include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is DDR Corp.'s stock price today?
MarketBeat Community Rating for DDR Corp. (NYSE 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.
One share of DDR Corp. stock can currently be purchased for approximately $9.48.
Consensus Ratings for DDR Corp. (NYSE:DDR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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.
|Ratings Breakdown: ||8 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$13.50 (42.41% upside)|
Analysts' Ratings History for DDR Corp. (NYSE:DDR)
(Data available from 9/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/27/2017||Boenning Scattergood||Reiterated Rating||Hold||Low|
|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|
|4/27/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$14.00||Medium|
|3/13/2017||Sandler O'Neill||Downgrade||Buy -> Hold||$16.00 -> $14.00||Low|
|3/6/2017||Mizuho||Boost Price Target||Neutral||$15.00||N/A|
|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|
|1/22/2016||SunTrust Banks, Inc.||Downgrade||Buy -> Neutral||$21.00 -> $17.50||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 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|
|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: $1.05
(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:||-379.98% (Trailing 12 Months of Earnings) |
66.67% (Based on This Year's Estimates)
73.08% (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%Insider Trades by Quarter for DDR Corp. (NYSE:DDR)
Institutional Ownership Percentage: 80.24%
(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|| |
Headline Trends for DDR Corp. (NYSE:DDR)
Latest Headlines for DDR Corp. (NYSE:DDR)
DDR Corp. (DDR) Chart for Tuesday, September, 26, 2017