DDR Corp. (DDR) Director Purchases $5,131,395.76 in Stock

DDR Corp. (NYSE:DDR) Director Alexander Otto purchased 690,632 shares of the business’s stock in a transaction on Monday, May 14th. The stock was acquired at an average price of $7.43 per share, with a total value of $5,131,395.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Alexander Otto also recently made the following trade(s):

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On Wednesday, May 9th, Alexander Otto purchased 374,157 shares of DDR stock. The stock was acquired at an average price of $7.47 per share, with a total value of $2,794,952.79. On Monday, May 7th, Alexander Otto purchased 341,225 shares of DDR stock. The stock was acquired at an average price of $7.39 per share, with a total value of $2,521,652.75. On Friday, May 4th, Alexander Otto purchased 246,662 shares of DDR stock. The stock was acquired at an average price of $7.27 per share, with a total value of $1,793,232.74. On Wednesday, May 2nd, Alexander Otto purchased 662,341 shares of DDR stock. The stock was acquired at an average price of $7.25 per share, with a total value of $4,801,972.25. On Monday, April 30th, Alexander Otto purchased 552,067 shares of DDR stock. The stock was acquired at an average price of $7.30 per share, with a total value of $4,030,089.10. On Friday, April 27th, Alexander Otto purchased 708,936 shares of DDR stock. The stock was acquired at an average price of $7.44 per share, with a total value of $5,274,483.84. On Monday, April 2nd, Alexander Otto purchased 711,616 shares of DDR stock. The stock was acquired at an average price of $7.31 per share, with a total value of $5,201,912.96. On Wednesday, March 28th, Alexander Otto purchased 377,331 shares of DDR stock. The stock was acquired at an average price of $7.24 per share, with a total value of $2,731,876.44. On Monday, March 26th, Alexander Otto purchased 350,933 shares of DDR stock. The stock was acquired at an average price of $6.98 per share, with a total value of $2,449,512.34. On Friday, March 23rd, Alexander Otto purchased 990,275 shares of DDR stock. The stock was acquired at an average price of $6.96 per share, with a total value of $6,892,314.00.

Shares of DDR opened at $7.25 on Wednesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.79 and a quick ratio of 0.79. DDR Corp. has a 52-week low of $7.21 and a 52-week high of $7.35. The firm has a market cap of $2.73 billion, a PE ratio of 6.49, a P/E/G ratio of 1.56 and a beta of 0.60.

DDR shares are set to reverse split on Monday, May 21st. The 1-2 reverse split was announced on Tuesday, May 8th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, May 18th.

DDR (NYSE:DDR) last announced its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.19). DDR had a negative return on equity of 6.58% and a negative net margin of 27.97%. The business had revenue of $206.96 million for the quarter, compared to analysts’ expectations of $196.86 million. During the same period last year, the company posted $0.30 earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. sell-side analysts expect that DDR Corp. will post 0.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Wednesday, June 13th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, June 12th. This represents a $0.76 dividend on an annualized basis and a yield of 10.48%. DDR’s dividend payout ratio (DPR) is 64.41%.

Institutional investors have recently made changes to their positions in the stock. Verition Fund Management LLC purchased a new stake in DDR during the 4th quarter worth $119,000. Lourd Capital LLC purchased a new stake in DDR during the 4th quarter worth $136,000. Bayesian Capital Management LP purchased a new stake in DDR during the 1st quarter worth $116,000. Ladenburg Thalmann Financial Services Inc. boosted its position in DDR by 79.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,286 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 9,003 shares during the period. Finally, American Century Companies Inc. purchased a new stake in DDR during the 1st quarter worth $173,000. 85.80% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on DDR. ValuEngine downgraded DDR from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded DDR from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 8th. Boenning Scattergood reiterated a “sell” rating on shares of DDR in a report on Thursday, April 26th. Stifel Nicolaus lowered their price objective on shares of DDR from $8.50 to $7.25 and set a “hold” rating for the company in a research note on Wednesday, April 25th. Finally, JPMorgan Chase lowered their price objective on shares of DDR from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, May 1st. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. DDR presently has a consensus rating of “Hold” and a consensus target price of $8.98.

About DDR

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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