DDR Corp. (NYSE:DDR) Given Price Target Of $19.181


As per DDR Corp. (NYSE:DDR)’s news release on 2016-05-11, its shareholders will get cash dividend of $0.19 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-09 and 2016-07-06, respectively.

The stock will commence trading ex-dividend from 2016-06-07, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year DDR Corp. (NYSE:DDR) disbursed $0.19 in dividend compared to distribution of $0.19, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 11.2903%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated DDR Corp. (NYSE:DDR) to attain a price target of $19.181. It is an average estimate figure given by 11 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $21. The low price range is set at $17 for next year while the arithmetic mean is seen at 3.

Eyeing Earnings DDR Corp. (NYSE:DDR) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.31 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, DDR Corp. (NYSE:DDR) earnings came at $0.33 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.31 for the quarter.

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