Jefferies Financial Group Comments on DDR Corp.’s Q3 2018 Earnings (DDR)
DDR Corp. (NYSE:DDR) – Investment analysts at Jefferies Financial Group issued their Q3 2018 earnings estimates for DDR in a research note issued on Wednesday, August 15th. Jefferies Financial Group analyst G. Hoglund anticipates that the real estate investment trust will post earnings per share of $0.32 for the quarter. Jefferies Financial Group also issued estimates for DDR’s Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.62 EPS, FY2019 earnings at $1.23 EPS and FY2020 earnings at $1.30 EPS.
DDR (NYSE:DDR) last posted its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $204.32 million during the quarter, compared to the consensus estimate of $200.65 million. DDR had a negative return on equity of 6.72% and a negative net margin of 32.65%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS.
Shares of DDR stock opened at $14.63 on Monday. The company has a market cap of $2.50 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 1.67 and a beta of 0.55. DDR has a 12-month low of $10.95 and a 12-month high of $16.89. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.66.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DDR. Guggenheim Capital LLC grew its holdings in shares of DDR by 19.5% in the 4th quarter. Guggenheim Capital LLC now owns 73,694 shares of the real estate investment trust’s stock worth $660,000 after acquiring an additional 12,036 shares during the period. Global X Management Co. LLC acquired a new stake in shares of DDR in the 1st quarter worth approximately $9,564,000. Daiwa Securities Group Inc. grew its holdings in shares of DDR by 151.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 16,916,799 shares of the real estate investment trust’s stock worth $124,000,000 after acquiring an additional 10,191,668 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of DDR in the 1st quarter worth approximately $204,000. Finally, Alps Advisors Inc. grew its holdings in shares of DDR by 157.2% in the 1st quarter. Alps Advisors Inc. now owns 69,513 shares of the real estate investment trust’s stock worth $510,000 after acquiring an additional 42,484 shares during the period.
In related news, Director Scott D. Roulston sold 10,734 shares of the company’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $16.47, for a total value of $176,788.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexander Otto purchased 1,124,158 shares of the stock in a transaction that occurred on Monday, June 25th. The stock was purchased at an average price of $17.86 per share, for a total transaction of $20,077,461.88. Following the acquisition, the director now owns 30,623,353 shares in the company, valued at $546,933,084.58. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 2,479,887 shares of company stock worth $44,137,608. Insiders own 17.60% of the company’s stock.
DDR is an owner and manager of 258 value-oriented shopping centers representing 89 million square feet in 32 states and Puerto Rico. The Company owns a high-quality portfolio of open-air shopping centers in major metropolitan areas that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.
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