DDR Corp Receives Average Rating of “Buy” from Analysts (NYSE:DDR)
Shares of DDR Corp (NYSE:DDR) have earned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the stock, Stock Ratings Network.com reports. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $19.00.
Shares of DDR Corp (NYSE:DDR) traded up 0.22% during mid-day trading on Friday, hitting $17.84. 377,005 shares of the company’s stock traded hands. DDR Corp has a 1-year low of $14.89 and a 1-year high of $17.90. The stock has a 50-day moving average of $17.18 and a 200-day moving average of $16.28. The company’s market cap is $6.380 billion.
DDR Corp (NYSE:DDR) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. The company had revenue of $246.02 million for the quarter, compared to the consensus estimate of $247.29 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. On average, analysts predict that DDR Corp will post $1.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Tuesday, June 10th.
A number of analysts have recently weighed in on DDR shares. Analysts at Imperial Capital raised their price target on shares of DDR Corp from $18.00 to $19.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of DDR Corp in a research note on Tuesday, April 1st. They now have a $17.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of DDR Corp to $21.00 in a research note on Thursday, March 13th.
DDR Corp.(NYSE:DDR) is a self-administered and self-managed real estate investment trust.
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