Earnings Clues on ServiceNow, Inc. (NOW), DDR Corp. (DDR) Analyst's Predictions
- Author: Zachary Reyes Jun 03, 2017,
Jun 03, 2017, 22:55
Other institutional investors have also recently bought and sold shares of the company. Evercore maintained DDR Corp (NYSE:DDR) on Tuesday, September 8 with "Hold" rating. Citigroup Inc raised DDR Corp from a "neutral" rating to a "buy" rating in a report on Monday, January 30th. Royal Bank of Canada restated a "hold" rating and set a $16.00 price target on shares of DDR Corp in a research note on Friday, February 17th. Deutsche Bank maintained the shares of DDR in report on Monday, July 18 with "Hold" rating. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have assigned a buy recommendation to the company. On Wednesday, July 22 the stock rating was initiated by Canaccord Genuity with "Hold".
08/25/2016 - BTIG Research began new coverage on DDR Corp. giving the company a " rating. The stock was purchased at an average price of $12.45 per share, with a total value of $24,900.00. Following the completion of the purchase, the director now owns 264,060 shares of the company's stock, valued at approximately $3,461,826.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
In other news, Director Robert H. Gidel acquired 4,000 shares of the firm's stock in a transaction on Thursday, March 23rd. 12, 2017. These shares are worth $1,611,600 and were traded at $9.48 each. Following the completion of the acquisition, the chief executive officer now owns 372,948 shares of the company's stock, valued at approximately $3,535,547.04. The disclosure for this purchase can be found here. Carnegie Cap Asset Limited Liability Company invested in 43,750 shares or 0.09% of the stock. $1.25M worth of DDR Corp (NYSE:DDR) shares were bought by Otto Alexander. Finally, Victory Capital Management Inc. boosted its position in shares of DDR Corp by 14.4% in the first quarter. Clinton Group Inc. now owns 430,805 shares of the real estate investment trust's stock valued at $7,509,000 after buying an additional 235,792 shares in the last quarter. Utd Capital Finance Advisers Lc holds 0% of its portfolio in DDR Corp (NYSE:DDR) for 11,864 shares. (NYSE:ROL) or, if they already own its stock, sell it. Synovus Fin Corp has 0% invested in DDR Corp (NYSE:DDR) for 30 shares. Metropolitan Life Insurance Co. Finally, Koch Industries Inc. bought a new stake in shares of DDR Corp during the first quarter valued at about $165,000. The real estate investment trust reported $0.30 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.29 by $0.01. Zurcher Kantonalbank (Zurich Cantonalbank) reported 78,061 shares.
Datawatch Corporation (NASDAQ:DWCH) stock has moved in a downward direction this week, causing concern for some investors.
DDR Corp (NYSE:DDR)'s revenue estimates for the current quarter are $224.87 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $231.54 Million in contradiction of low revenue estimates of $217 Million. Based on the recent close, the shares have dropped -2.44% over the past five trading days. Rollins, Inc. (NYSE:ROL) has a market cap of $9.43 billion and over the last 12 months, ROL has gone stronger by 53.27%.
DDR Corp. has a 50 day moving average of 10.21 and a 200 day moving average of 13.37.
DDR Corp (NYSE:DDR) 52-week high price stands at $19.92 and low price stands at $8.60, its price distance from 52-week high is -55.02% while its distance from 52-week low price is 4.13%. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. DDR Corp had a return on equity of 1.98% and a net margin of 6.19%. The firm had revenue of $230.98 million for the quarter, compared to analysts' expectations of $230.91 million. During the same quarter in the previous year, the business earned $0.31 EPS. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. After $0.30 actual EPS reported by DDR Corp for the previous quarter, Wall Street now forecasts -3.33% negative EPS growth.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th.
Since December 15, 2016, it had 10 insider buys, and 0 selling transactions for $18.56 million activity. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date of this dividend is Tuesday, June 13th. DDR Corp's dividend payout ratio is 690.97%. Sumitomo Mitsui Asset Management Company LTD's holdings in DDR Corp were worth $155,000 at the end of the most recent reporting period.