Boston, MA 05/21/2014 (wallstreetpr) – In a transaction that took place on May 13, 2014, the Director of DDR Corp (NYSE:DDR), Craig Macnab sold 26315 shares of the stock for an overall value of $457617.85. It was revealed that the stock was sold at $17.39 average price.
Benefit to the Director of DDR
After a transaction, the Director of the company, Craig Macnab, is now directly the owner of 59509 shares of an overall stock of the company. This is valued at a total amount of around $1034862.
Analysts Weighing on DDR Shares
Various analysts have weighed the shares of DDR Corp (NYSE:DDR). The Imperial Capital analysts raised the price target on shares from $18.00 to $19.00 on May 8, 2014. They gave an “Outperform” rating to DDR’s stock. The research analysts at Zacks reiterated the “Neutral” rating on DDR shares on April 1, 2014. They have a price target of $17.00. Jefferies Group increased its price target to $21.00. In the meanwhile, three analysts gave DDR’s stock a “Hold” rating while ten issued a “Buy” rating to DDR’s stock. The average rating of the company is “Buying” and its consensus target price is $19.00.
Earnings data released by DDR Corp
DDR released its earnings data on May 6, 2014. In its data, the company reported that the earnings per share for the Q1 2014 were $0.28, which was exactly the same as a consensus estimate. The revenue of DDR was $246.02 million for the first quarter of 2014, less than the consensus estimate of $247.29 million. In the first quarter of the previous year, DDR had reported $0.27 earnings per share. The analysts predict that DDR Corp would register $1.16 earnings per share for the present financial year.
Quarterly Dividend also announced
DDR Corp (NYSE:DDR) also announced a quarterly dividend for July 8, 2014. Investors will be paid off a dividend of $0.155 per share. The amount declared by the company revealed that it had annualised dividend of $0.62 and the dividend yield of 3.63%.