|Bid||13.50 x 300|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||1.52 (10.26%)|
|1y Target Est||15.20|
An Ohio-based real estate investment trust is shopping for buyers for a pair of big retail properties in Orlando. The two properties — the 411,503-square-foot Millenia Plaza and the 191,885-square-foot International Drive Value — are being sold because the REIT, DDR Corp.
A large shopping center in New Tampa has been sold to a California buyer for $25 million, just beating its prerecession sales price of $24 million. The sale of the Walk at Highwoods Preserve comes as DDR Corp., a real estate investment trust that specializes in retail properties, has spun off a portfolio of 50 companies to a new REIT, Retail Value Inc. The Walk at Highwoods Preserve was among those properties, and its sale to California-based ACF Property Management Inc. closed a few days prior to the transfer of the DDR properties to RVI.
Completion of the previously-announced spin-off of 48 properties of DDR Corp (DDR) will enable it to focus on core assets in the United States.
DDR Corp. (DDR) today announced that it has completed the previously announced spin-off of Retail Value Inc. (“RVI”), which is now an independent, publicly traded company that will begin regular-way trading today on the New York Stock Exchange (“NYSE”) under the ticker symbol “RVI.” RVI has a portfolio of 48 assets that includes 36 continental U.S. assets and all 12 of DDR’s previously owned Puerto Rico assets. Fractional shares of RVI were not distributed, and instead DDR common shareholders will receive cash in lieu of any fractional shares that they would otherwise have been entitled to receive in the distribution.
LONDON, UK / ACCESSWIRE / July 2, 2018 / If you want a free Stock Review on GGP sign up now at www.wallstequities.com/registration. On Friday, June 29, 2018, US markets saw broad based gains with six out of nine sectors finishing the trading sessions in green.
An activist investor took the next step in acquiring his target. Conventional wisdom says that insiders and 10-percent owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. Energen Corporation (NYSE: EGN) saw renowned activist investor Carl Icahn increase his stake this past week.
Twenty years ago, on Aug. 3, 1998, real estate investment trust Developers Diversified Realty split its stock on a 2-for-1 basis. Last month, the shopping-mall REIT, which changed its name to DDR in 2011, enacted a reverse 1-for-2 stock split. In 2009, DDR sold 30 million shares to Alexander Otto , chief executive of ECE, a German operator of European shopping centers.
DDR Corp. announced today that financial and operational results for the quarter ending June 30, 2018, will be released following the market close on July 25, 2018. The Company will host its quarterly earnings conference call and audio webcast on July 25 at 5:00 p.m.
Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. While the CEO, president and other salesforce.com, inc. (NYSE: CRM) executives and insiders were selling throughout June, one director stepped up to the buy window this past week.
Though shrinking mall traffic, store closures and retailer bankruptcies continue to paralyze the retail real estate market, DDR Corp (DDR) remains well poised to sail through.
DDR Corp. (DDR) declared its second quarter 2018 Preferred Class J stock dividend of $0.406250 per depositary share, Preferred Class K stock dividend of $0.39063 per depositary share and Preferred Class A stock dividend of $0.39844 per depositary share. Each Class J depositary share is equal to one-twentieth of a share of DDR's 6.50% Class J Cumulative Redeemable Preferred Stock.
DDR Corp. (DDR) today announced that its Board of Directors has set record and distribution dates for the spin-off of a portfolio of 49 assets that includes 37 continental U.S. assets and all 12 of its Puerto Rico assets into a separate publicly traded company, which will be effected through the distribution of 100 percent of the common shares of Retail Value Inc. (“RVI”) to holders of DDR common shares. The board's decision was followed by the filing with the Securities and Exchange Commission (the “SEC”) on June 4, 2018 of the RVI Registration Statement on Form 10 (the "Form 10"), a copy of which is available at www.sec.gov.
LONDON, UK / ACCESSWIRE / May 30, 2018 / If you want a free Stock Review on GGP sign up now at www.wallstequities.com/registration. Research coverage has been initiated by WallStEquities.com on DDR Corp. (NYSE: DDR), EPR Properties (NYSE: EPR), Federal Realty Investment Trust (NYSE: FRT), and GGP Inc. (NYSE: GGP). Companies in the Retail REIT space own and operate retail properties.
Insiders at a flooring products maker and a REIT returned to the buy window this week. Conventional wisdom says that insiders and 10-percent owners really only buy shares of a company for one reason — they believe the stock price will rise and want to profit. Perrigo Company plc (NYSE: PRGO) saw one of its directors buy 400,000 shares of this Dublin-based health care products maker.
Zacks Industry Outlook Highlights: RealPage, DDR, Seritage Growth Properties, New Senior Investment Group and Mack-Cali Realty
Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. Alliance Data Systems Corporation (NYSE: ADS) saw beneficial owner ValueAct Holdings buy 202,600 shares of this marketing services provider mid-week. The share prices for these purchases ranged from $201.27 to $202.65, and the total for the transaction was more than $40.88 million.
The Company surpassed analysts' consensus estimates for revenues as well as operating funds from operations (FFO) in Q1 FY18. The Company's FFO per share also increased 33.33% to $0.08 per share in the reported quarter from $0.06 per share in the previous year's same quarter.
The relentless pounding on the shares of retail REITs in recent months has prompted landlords to sell assets and make changes to management compensation practices. In recent weeks, some prominent landlords of malls and open-air shopping centers have announced shake-ups in the executive suite as well as layoffs among rank-and-file employees. Santa Monica-based mall landlord Macerich Co. said Chairman and Chief Executive Art Coppola, 66 years old, would be retiring at the end of the year after 25 years at the helm, and will be replaced by Chief Financial Officer Thomas O’Hern, 62, in January.
DDR Corp. (DDR) (the “Company”) today announced that its Board of Directors has unanimously approved a one-for-two reverse stock split of the Company's common shares. The reverse stock split was authorized by the Company’s shareholders at the annual meeting of shareholders held on May 8, 2018. As a result of the reverse stock split, every two of the Company’s issued common shares will be exchanged for one of the Company’s common shares.