What Wall Street is saying about DDR Corp. (NYSE:DDR)
DDR Corp. (NYSE:DDR) stock is presently standing at about $13.04 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 19 analysts covering the company is $15.50, which suggests the stock could still rise over 16 percent. The highest analyst price target is $17.50, which implies a rally of 66 percent. And a quick view of analyst notes show that 3 are rating the stock a buy while 1 rate DDR a strong buy. There are 14 equity research firms advocating a Hold and 0 consider it Sell.
Sandler O’Neill analysts provided their view on DDR Corp. (NYSE:DDR) recently. The rating firm issued a Hold rating to this company in a research note released on Mar 13, 2017. Morgan Stanley analysts disclosed their opinion on DDR Corp. (NYSE:DDR) recently. The rating firm gave a Equal-Weight rating to this stock in a research note published on Mar 06, 2017. According to a research note disclosed on Jan 30, 2017, analysts at Citigroup have upped their rating on these shares from Neutral to Buy.
DDR Corp. (NYSE:DDR) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director Finne Thomas Purchased 2,000 company shares for 26940, in a transaction on 2017-03-09. Following the transaction, the Director is left with a stake of 50,000 shares, currently valued at $652000. Meanwhile, Director AHERN TERRANCE R purchased 76,000 shares worth $996360, through a transaction dated 2017-03-09. Following the completion of the transaction, the insider is left with a stake of 264,060 shares, amounting $3443342.4. DDR Director, 10% Owner Otto Alexander also purchased 84,000 shares, at a stock price of $14.86. This transaction occurred on 2016-12-23 totals $1248240. After this transaction, the insider’s stake stands at 42,687,920 shares, with a market value of $556650477.
Executives hold 15.10 percent of the stock. Otto Alexander is one of the biggest insider owners in DDR Corp. (NYSE:DDR), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 42,687,920 shares which have current market value of around $556650476.8.Bert L. Wolstein is another major inside shareholder in the company. The insider owns 4,537,814 shares as of 1.24%, currently worth $59173094.56. Wolstein Iris S. is ranked as third insider holder of the stock. This insider holds 3,729,741 shares with a market value around $48635822.64 as of recent close.
DDR Corp. (NYSE:DDR) Earnings Outlook
In DDR Corp. (NYSE:DDR)’s latest quarter, EPS moved to $0.30 from $0.33 in preceding quarter and revenues reached at $232.17M compared to $245.24M. Analysts had expected DDR Corp. (NYSE:DDR) to post net income of about $0.31 per share on $240.62M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.26 to $0.32. That is compared with the $0.31 in EPS it reported during the same period a year ago.