Analysts Set DDR Corp (DDR) Target Price at $11.25
DDR Corp (NYSE:DDR) has received a consensus recommendation of “Hold” from the twenty-one analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.25.
A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of DDR from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Capital One Financial reissued an “equal weight” rating on shares of DDR in a research note on Friday, December 15th. Mizuho set a $9.00 target price on shares of DDR and gave the company a “hold” rating in a research note on Monday, December 18th. Boenning Scattergood reissued a “sell” rating on shares of DDR in a research note on Monday, December 18th. Finally, Raymond James Financial reissued a “buy” rating on shares of DDR in a research note on Friday, December 15th.
Shares of DDR (DDR) remained flat at $$8.57 during mid-day trading on Monday. 2,687,434 shares of the company’s stock traded hands, compared to its average volume of 5,050,304. DDR has a 1-year low of $7.26 and a 1-year high of $15.57. 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 cap of $3,160.00, a PE ratio of -18.63, a P/E/G ratio of 1.72 and a beta of 0.75.
The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Tuesday, December 12th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date was Monday, December 11th. DDR’s payout ratio is -165.22%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDR. Cambridge Investment Research Advisors Inc. acquired a new stake in DDR during the 2nd quarter valued at $111,000. 1st Global Advisors Inc. acquired a new stake in DDR during the 2nd quarter valued at $131,000. Profund Advisors LLC grew its holdings in DDR by 25.9% during the 2nd quarter. Profund Advisors LLC now owns 15,228 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 3,132 shares in the last quarter. Bridgewater Associates LP acquired a new stake in DDR during the 2nd quarter valued at $143,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in DDR during the 2nd quarter valued at $149,000. 79.86% of the stock is owned by institutional investors and hedge funds.
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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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