DDR Corp (DDR) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.30. The company posted revenue of $246.30 million in the period, compared to analysts expectations of $249.54 million. The company’s revenue was down -1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.
Many Wall Street Analysts have commented on DDR Corp. DDR Corp was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 15, 2016. Mizuho Initiated DDR Corp on Apr 14, 2016 to “Neutral”, Price Target of the shares are set at $19.
DDR Corp opened for trading at $17.69 and hit $17.75 on the upside on Wednesday, eventually ending the session at $17.71, with a gain of 0.11% or 0.02 points. The heightened volatility saw the trading volume jump to 17,29,644 shares. Company has a market cap of $6,470 M.
In a different news, on Aug 26, 2015, Robert H Gidel (director) purchased 1,300 shares at $15.85 per share price. According to the SEC, on May 29, 2015, Scott D Roulston (director) sold 1,090 shares at $17.12 per share price. On Apr 3, 2015, Terrance R Ahern (director) sold 5,650 shares at $25.48 per share price, according to the Form-4 filing with the securities and exchange commission.
DDR Corp. (DDR) is a self-administered and self-managed real estate investment trust (REIT). The Company is in the business of acquiring owning developing redeveloping expanding leasing and managing shopping centers. In addition the Company engages in the origination and acquisition of loans and debt securities which are generally collateralized directly or indirectly by shopping centers. The Company owns and manages approximately 415 shopping centers representing 118 million square feet in 41 states and Puerto Rico. DDR has completed 53 redevelopment projects. Its properties include Eastland Center in California Easton Market in Ohio and The Maxwell in Illinois.