DDR Corp PT Raised to $20.00 at ISI Group (DDR)
Equities research analysts at ISI Group boosted their price objective on shares of DDR Corp (NYSE:DDR) from $19.00 to $20.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. ISI Group’s target price indicates a potential upside of 14.81% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of DDR Corp from $21.00 to $24.00 in a research note on Tuesday, July 22nd. Separately, analysts at Deutsche Bank raised their price target on shares of DDR Corp from $18.00 to $19.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of DDR Corp in a research note on Thursday, June 26th. They now have a $18.00 price target on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $19.70.
Shares of DDR Corp (NYSE:DDR) traded down 0.68% during mid-day trading on Thursday, hitting $17.42. The stock had a trading volume of 2,387,146 shares. DDR Corp has a 52-week low of $14.89 and a 52-week high of $18.12. The stock has a 50-day moving average of $17.69 and a 200-day moving average of $16.84. The company has a market cap of $6.233 billion and a price-to-earnings ratio of 167.05.
DDR Corp (NYSE:DDR) last released its earnings data on Wednesday, July 30th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $245.78 million for the quarter, compared to the consensus estimate of $246.16 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. Analysts expect that DDR Corp will post $1.15 EPS for the current fiscal year.
In other DDR Corp news, CEO Daniel B. Hurwitz sold 56,649 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $17.53, for a total value of $993,056.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
DDR Corp. (NYSE:DDR) is an owner and manager of 396 shopping centers representing 108 million square feet in 39 states and Puerto Rico.
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