DDR (NYSE:DDR)‘s stock had its “equal weight” rating reissued by equities research analysts at Morgan Stanley in a research report issued to clients and investors on Thursday. They presently have a $8.25 target price on the real estate investment trust’s stock. Morgan Stanley’s price objective would suggest a potential upside of 2.23% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Stifel Nicolaus assumed coverage on DDR in a research note on Thursday, November 30th. They issued a “buy” rating and a $8.25 price target on the stock. KeyCorp restated a “buy” rating and issued a $13.00 price target on shares of DDR in a research note on Friday, September 1st. ValuEngine cut DDR from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. SunTrust Banks restated a “hold” rating and issued a $10.00 price target on shares of DDR in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded DDR from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $11.36.

DDR (NYSE:DDR) traded up $0.19 during trading on Thursday, reaching $8.07. The company’s stock had a trading volume of 5,611,600 shares, compared to its average volume of 5,008,674. DDR has a one year low of $7.26 and a one year high of $15.57. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $2,903.50, a PE ratio of 6.57, a PEG ratio of 1.37 and a beta of 0.76.

DDR (NYSE:DDR) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.03. DDR had a return on equity of 3.48% and a net margin of 1.11%. The company had revenue of $220.10 million for the quarter, compared to analysts’ expectations of $218.58 million. During the same period last year, the firm earned $0.33 earnings per share. DDR’s quarterly revenue was down 10.2% on a year-over-year basis. analysts anticipate that DDR will post 1.15 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. AXA increased its position in DDR by 100.7% in the 3rd quarter. AXA now owns 1,101,775 shares of the real estate investment trust’s stock valued at $10,093,000 after acquiring an additional 552,721 shares during the period. GSA Capital Partners LLP acquired a new position in DDR in the 3rd quarter valued at about $151,000. Americafirst Capital Management LLC acquired a new position in DDR in the 3rd quarter valued at about $650,000. California Public Employees Retirement System increased its position in DDR by 9.3% in the 3rd quarter. California Public Employees Retirement System now owns 882,706 shares of the real estate investment trust’s stock valued at $8,086,000 after acquiring an additional 75,048 shares during the period. Finally, Highbridge Capital Management LLC increased its position in DDR by 153.1% in the 3rd quarter. Highbridge Capital Management LLC now owns 302,670 shares of the real estate investment trust’s stock valued at $2,772,000 after acquiring an additional 183,075 shares during the period. Hedge funds and other institutional investors own 80.04% of the company’s stock.

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DDR 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).

Analyst Recommendations for DDR (NYSE:DDR)

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