DDR Corp. (DDR) Rating Increased to Buy at ValuEngine
DDR Corp. (NYSE:DDR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday.
A number of other research firms have also weighed in on DDR. Deutsche Bank AG raised DDR Corp. from a “hold” rating to a “buy” rating and raised their target price for the stock from $12.00 to $13.00 in a research note on Thursday, July 27th. KeyCorp reissued a “buy” rating and set a $13.00 price objective on shares of DDR Corp. in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of DDR Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Boenning Scattergood restated a “hold” rating on shares of DDR Corp. in a report on Thursday, July 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 target price on shares of DDR Corp. in a research report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $13.50.
DDR Corp. (DDR) opened at 9.11 on Monday. DDR Corp. has a 52 week low of $8.11 and a 52 week high of $17.00. The firm’s market capitalization is $3.34 billion. The stock has a 50 day moving average price of $9.66 and a 200-day moving average price of $10.11.
DDR Corp. (NYSE:DDR) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.22). DDR Corp. had a negative net margin of 5.48% and a positive return on equity of 1.24%. The company had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $222.90 million. During the same period last year, the company posted $0.33 EPS. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. Analysts anticipate that DDR Corp. will post ($0.12) EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in DDR. Sigma Planning Corp purchased a new position in DDR Corp. in the second quarter worth about $100,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of DDR Corp. during the second quarter valued at approximately $104,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of DDR Corp. during the second quarter valued at approximately $111,000. Oxford Asset Management bought a new stake in shares of DDR Corp. during the first quarter valued at approximately $163,000. Finally, Koch Industries Inc. bought a new stake in shares of DDR Corp. during the first quarter valued at approximately $165,000. Institutional investors and hedge funds own 80.24% of the company’s stock.
DDR Corp. Company Profile
DDR Corp. is a self-administered and self-managed real estate investment trust. It operates through two segments: shopping centers and loan investments. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. As of December 31, 2016, it owned and managed approximately 106 million total square feet of gross leasable area (GLA).
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