DDR Corp (NYSE:DDR) shares gapped up before the market opened on Monday . The stock had previously closed at $9.19, but opened at $8.86. DDR shares last traded at $8.80, with a volume of 6545375 shares trading hands.

A number of research analysts have issued reports on the company. Boenning Scattergood reiterated a “sell” rating on shares of DDR in a research note on Monday. Raymond James Financial reiterated a “buy” rating on shares of DDR in a research note on Friday. Citigroup reiterated a “buy” rating on shares of DDR in a research note on Friday. Morgan Stanley reiterated an “equal weight” rating and set a $8.25 price objective on shares of DDR in a research note on Thursday. Finally, Stifel Nicolaus assumed coverage on DDR in a research note on Thursday, November 30th. They set a “buy” rating and a $8.25 price objective for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $11.36.

The company has a debt-to-equity ratio of 1.51, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market cap of $3,264.60, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 1.54 and a beta of 0.76.

DDR (NYSE:DDR) last posted its quarterly earnings results 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. DDR had a return on equity of 3.48% and a net margin of 1.11%. The firm had revenue of $220.10 million during the quarter, compared to analysts’ expectations of $218.58 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue was down 10.2% on a year-over-year basis. sell-side analysts anticipate that DDR Corp will post 1.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 12th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 8.65%. The ex-dividend date of this dividend is Monday, December 11th. DDR’s dividend payout ratio is currently -1,900.00%.

Several hedge funds have recently bought and sold shares of DDR. Goldman Sachs Group Inc. raised its stake in shares of DDR by 26.8% in the second quarter. Goldman Sachs Group Inc. now owns 29,389,951 shares of the real estate investment trust’s stock worth $266,566,000 after purchasing an additional 6,219,488 shares during the last quarter. Brookfield Asset Management Inc. raised its stake in shares of DDR by 312.0% in the second quarter. Brookfield Asset Management Inc. now owns 8,181,400 shares of the real estate investment trust’s stock worth $74,205,000 after purchasing an additional 6,195,700 shares during the last quarter. Capital Growth Management LP purchased a new position in shares of DDR in the third quarter worth $47,357,000. King Street Capital Management L.P. purchased a new position in shares of DDR in the third quarter worth $44,884,000. Finally, Eaton Vance Management purchased a new position in shares of DDR in the second quarter worth $40,491,000. Hedge funds and other institutional investors own 80.04% of the company’s stock.

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DDR 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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