DDR Corp. (DDR) Rating Reiterated by Mizuho
DDR Corp. (NYSE:DDR)‘s stock had its “hold” rating reissued by stock analysts at Mizuho in a research note issued on Monday. They currently have a $10.00 price target on the real estate investment trust’s stock. Mizuho’s price target would suggest a potential upside of 12.99% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Deutsche Bank AG raised DDR Corp. from a “hold” rating to a “buy” rating and increased their price target for the company from $12.00 to $13.00 in a research report on Thursday, July 27th. KeyCorp reaffirmed a “buy” rating and set a $13.00 target price on shares of DDR Corp. in a research report on Friday, September 1st. ValuEngine raised DDR Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised DDR Corp. from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Wednesday, October 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set 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, nine have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.85.
DDR Corp. (NYSE DDR) opened at 8.85 on Monday. The firm’s market capitalization is $3.25 billion. DDR Corp. has a one year low of $8.11 and a one year high of $16.78. The company’s 50-day moving average is $9.60 and its 200-day moving average is $10.06.
DDR Corp. (NYSE:DDR) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.22). The company had revenue of $227.40 million during the quarter, compared to analysts’ expectations of $222.90 million. DDR Corp. had a negative net margin of 5.48% and a positive return on equity of 1.24%. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. Equities analysts forecast that DDR Corp. will post ($0.12) earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. Sigma Planning Corp bought a new position in shares of DDR Corp. during the 2nd quarter worth $100,000. Cutter & CO Brokerage Inc. bought a new position in shares of DDR Corp. during the 2nd quarter worth $104,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of DDR Corp. during the 2nd quarter worth $111,000. Janney Montgomery Scott LLC bought a new position in shares of DDR Corp. during the 2nd quarter worth $121,000. Finally, Greenleaf Trust bought a new position in shares of DDR Corp. during the 2nd quarter worth $123,000. Institutional investors 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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