DDR Corp. (DDR) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of DDR Corp. (NYSE:DDR) have been assigned a consensus rating of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.63.
DDR has been the topic of a number of research analyst reports. ValuEngine upgraded DDR Corp. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Boenning Scattergood lowered DDR Corp. from a “neutral” rating to an “under perform” rating in a research note on Tuesday, October 3rd. KeyCorp restated a “buy” rating and issued a $13.00 target price on shares of DDR Corp. in a research note on Friday, September 1st. Mizuho restated a “hold” rating and issued a $10.00 target price on shares of DDR Corp. in a research note on Monday, October 9th. Finally, Zacks Investment Research upgraded DDR Corp. from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Wednesday, October 4th.
A number of institutional investors and hedge funds have recently bought and sold shares of DDR. BlackRock Inc. grew its position in DDR Corp. by 4,057.9% during the 1st quarter. BlackRock Inc. now owns 20,681,069 shares of the real estate investment trust’s stock worth $259,135,000 after acquiring an additional 20,183,679 shares during the last quarter. Goldman Sachs Group Inc. grew its position in DDR Corp. by 26.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 29,389,951 shares of the real estate investment trust’s stock worth $266,566,000 after acquiring an additional 6,219,488 shares during the last quarter. Brookfield Asset Management Inc. grew its position in DDR Corp. by 312.0% during the 2nd quarter. Brookfield Asset Management Inc. now owns 8,181,400 shares of the real estate investment trust’s stock worth $74,205,000 after acquiring an additional 6,195,700 shares during the last quarter. Eaton Vance Management bought a new position in DDR Corp. during the 2nd quarter worth approximately $40,491,000. Finally, Balyasny Asset Management LLC grew its position in DDR Corp. by 158.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 6,707,542 shares of the real estate investment trust’s stock worth $60,837,000 after acquiring an additional 4,110,896 shares during the last quarter. Institutional investors and hedge funds own 79.92% of the company’s stock.
Shares of DDR Corp. (NYSE DDR) opened at 8.23 on Wednesday. DDR Corp. has a 12-month low of $8.11 and a 12-month high of $16.01. The firm’s market cap is $3.02 billion. The stock’s 50 day moving average price is $9.25 and its 200-day moving average price is $9.70.
DDR Corp. (NYSE:DDR) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.22). The company had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $222.90 million. DDR Corp. had a positive return on equity of 1.24% and a negative net margin of 5.48%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. On average, analysts predict that DDR Corp. will post ($0.12) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th were given a dividend of $0.19 per share. The ex-dividend date was Monday, September 25th. This represents a $0.76 annualized dividend and a dividend yield of 9.23%. DDR Corp.’s dividend payout ratio (DPR) is presently -379.98%.
DDR Corp. Company Profile
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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