Jefferies Group Lowers DDR Corp Price Target to $20.00 (DDR)
Analysts at Jefferies Group reduced their price target on shares of DDR Corp (NYSE:DDR) from $21.00 to $20.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 21.51% from the stock’s previous close.
Shares of DDR Corp (NYSE:DDR) traded up 2.62% on Wednesday, hitting $16.46. 3,111,101 shares of the company’s stock traded hands. DDR Corp has a one year low of $14.79 and a one year high of $19.54. The stock’s 50-day moving average is $16.11 and its 200-day moving average is $17.2. The company’s market cap is $5.217 billion.
DDR Corp (NYSE:DDR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.27 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.27. The company had revenue of $217.09 million for the quarter, compared to the consensus estimate of $204.42 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts predict that DDR Corp will post $1.09 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Capital One Financial Corp. initiated coverage on shares of DDR Corp (NYSE:DDR) in a research note to investors on Monday. They set an “add” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of DDR Corp (NYSE:DDR) from $19.00 to $18.00 in a research note to investors on Thursday, September 12th. They now have an “outperform” rating on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of DDR Corp (NYSE:DDR) in a research note to investors on Tuesday, September 10th. They set a “buy” rating on the stock.
One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.56.
The company also recently declared a quarterly dividend, which is scheduled for Sunday, October 6th. Stockholders of record on Monday, September 23rd will be given a dividend of $0.14 per share. This represents a $0.54 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Thursday, September 19th.
DDR Corp.(NYSE:DDR) is a self-administered and self-managed real estate investment trust.
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