DDR Corp Given Consensus Recommendation of “Buy” by Brokerages (NYSE:DDR)
Shares of DDR Corp (NYSE:DDR) have been given a consensus rating of “Buy” by the thirteen brokerages that are currently covering the company, Analyst Ratings Net reports. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.89.
DDR Corp (NYSE:DDR) opened at 18.22 on Tuesday. DDR Corp has a 1-year low of $14.89 and a 1-year high of $18.37. The stock’s 50-day moving average is $17.84 and its 200-day moving average is $17.18. The company has a market cap of $6.519 billion and a P/E ratio of 169.62. DDR Corp also saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 17,582,898 shares, a decrease of 12.7% from the July 31st total of 20,139,596 shares. Based on an average daily volume of 2,273,236 shares, the short-interest ratio is currently 7.7 days. Approximately 5.8% of the company’s shares are short sold.
DDR Corp (NYSE:DDR) last released its earnings data on Wednesday, July 30th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.27 earnings per share. DDR Corp’s revenue was up 24.4% compared to the same quarter last year. Analysts expect that DDR Corp will post $1.16 EPS for the current fiscal year.
A number of research firms have recently commented on DDR. Analysts at ISI Group raised their price target on shares of DDR Corp from $19.00 to $20.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
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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