DDR Corp(NYSE:DDR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $245.86M. Analysts estimated a revenue of $235.83M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.31.
In a different note, Raymond James said it Initiates Coverage on DDR Corp, according to a research note issued on Jul 25, 2016. The shares have been rated ‘Outperform’ by the firm. On Jul 11, 2016, Mizuho Securities said it Downgrades its rating on DDR Corp. The shares have been rated ‘Underperform’ by the firm. On Jul 11, 2016, Bank of America said it Downgrades its rating on DDR Corp. The shares have been rated ‘Neutral’ by the firm. Jefferies said it Initiates Coverage on DDR Corp, according to a research note issued on Jun 30, 2016. The shares have been rated ‘Hold’ by the firm.
DDR Corp (DDR) made into the market gainers list on Fridays trading session with the shares advancing 1.28% or 0.25 points. Due to strong positive momentum, the stock ended at $19.74, which is also near the day’s high of $19.855. The stock began the session at $19.34 and the volume stood at 18,79,003 shares. The 52-week high of the shares is $19.855 and the 52 week low is $14.71. The company has a current market capitalization of $7,213 M and it has 36,54,15,380 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jun 28, 2016, Christa A Vesy (Exec. V.P. & Chief Acct. Off.) sold 5,000 shares at $17.38 per share price.Also, On May 9, 2016, Paul W Freddo (Sr. Exec. Vice President) sold 28,939 shares at $18.00 per share price.On Aug 26, 2015, Robert H Gidel (director) purchased 1,300 shares at $15.85 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.