DDR Corp. (DDR) Given Consensus Rating of “Hold” by Analysts
Shares of DDR Corp. (NYSE:DDR) have received an average rating of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.21.
A number of analysts have recently commented on DDR shares. Deutsche Bank AG raised DDR Corp. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $12.00 to $13.00 in a research report on Thursday, July 27th. Boenning Scattergood reissued a “hold” rating on shares of DDR Corp. in a research report on Thursday, July 27th. Zacks Investment Research raised DDR Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. KeyCorp reissued a “buy” rating and issued a $13.00 price target on shares of DDR Corp. in a research report on Friday, September 1st. Finally, ValuEngine cut DDR Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
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Hedge funds have recently added to or reduced their stakes in the stock. Sigma Planning Corp bought a new position in DDR Corp. in the 2nd quarter valued at approximately $100,000. Cutter & CO Brokerage Inc. bought a new position in DDR Corp. in the 2nd quarter valued at approximately $104,000. Cambridge Investment Research Advisors Inc. bought a new position in DDR Corp. in the 2nd quarter valued at approximately $111,000. Janney Montgomery Scott LLC bought a new position in DDR Corp. in the 2nd quarter valued at approximately $121,000. Finally, Greenleaf Trust bought a new position in DDR Corp. in the 2nd quarter valued at approximately $123,000. 80.08% of the stock is currently owned by institutional investors and hedge funds.
DDR Corp. (DDR) opened at $8.28 on Friday. DDR Corp. has a twelve month low of $7.55 and a twelve month high of $15.82. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $3,050.89, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 1.45 and a beta of 0.76.
DDR Corp. (NYSE:DDR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. DDR Corp. had a return on equity of 3.48% and a net margin of 1.11%. The firm had revenue of $220.10 million for the quarter, compared to analysts’ expectations of $218.58 million. During the same period in the previous year, the firm posted $0.33 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. sell-side analysts expect that DDR Corp. will post 1.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, December 12th will be given a $0.19 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.76 annualized dividend and a yield of 9.18%. DDR Corp.’s dividend payout ratio (DPR) is presently -1,900.00%.
About DDR Corp.
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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