DDR Corp(NYSE:DDR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $232.168M. Analysts estimated a revenue of $240.830M. The revenues were -3.6% below the estimates. Earnings per share were $0.3.
In a different note, On Jan 30, 2017, Citigroup said it Upgrades its rating on DDR Corp. The shares have been rated ‘Buy’ by the firm. On Dec 13, 2016, UBS said it Downgrades its rating on DDR Corp. According to the research note, UBS Lowers the price target to $14.5 per share from a prior target of $16. The shares have been rated ‘Sell’ by the firm.
DDR Corp (DDR) shares turned negative on Wednesdays trading session with the shares closing down -0.14 points or -0.96% at a volume of 39,09,001. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.64. The peak price level was also seen at $14.64 while the days lowest was $14.39. Finally the shares closed at $14.43. The 52-week high of the shares is $19.92 while the 52-week low is $14.29. According to the latest information available, the market cap of the company is $5,285 M.
Several Insider Transactions has been reported to the SEC. On Dec 27, 2016, Alexander Otto (director 10% owner) purchased 84,000 shares at $14.86 per share price.Also, On Nov 2, 2016, Thomas Finne (director) purchased 1,577 shares at $15.20 per share price.On Nov 2, 2016, Thomas F August (CEO) purchased 30,100 shares at $15.22 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.