DDR (DDR) Given a $9.00 Price Target by Mizuho Analysts

DDR (NYSE:DDR) received a $9.00 price objective from analysts at Mizuho in a note issued to investors on Monday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Mizuho’s price target points to a potential upside of 2.86% from the stock’s previous close.

Several other equities research analysts also recently weighed in on DDR. KeyCorp reissued a “buy” rating and set a $13.00 price objective on shares of DDR in a report on Friday, September 1st. ValuEngine downgraded DDR from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Boenning Scattergood downgraded DDR from a “neutral” rating to an “under perform” rating in a report on Tuesday, October 3rd. Zacks Investment Research raised DDR from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Wednesday, October 4th. Finally, SunTrust Banks reissued a “hold” rating and set a $10.00 price objective on shares of DDR in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.29.

Shares of DDR (DDR) traded down $0.04 during mid-day trading on Monday, hitting $8.75. The company’s stock had a trading volume of 8,230,266 shares, compared to its average volume of 5,121,677. The firm has a market cap of $3,264.60, a P/E ratio of 7.38, a PEG ratio of 1.54 and a beta of 0.76. DDR has a 52-week low of $7.26 and a 52-week 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.

DDR (NYSE:DDR) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $218.58 million. During the same quarter last year, the business posted $0.33 EPS. DDR’s revenue for the quarter was down 10.2% on a year-over-year basis. analysts expect that DDR will post 1.15 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in DDR. Cutter & CO Brokerage Inc. bought a new position in DDR during the 2nd quarter worth $104,000. Cambridge Investment Research Advisors Inc. bought a new position in DDR during the 2nd quarter worth $111,000. Janney Montgomery Scott LLC bought a new position in DDR during the 2nd quarter worth $121,000. 1st Global Advisors Inc. bought a new position in DDR during the 2nd quarter worth $131,000. Finally, Profund Advisors LLC raised its position in DDR by 25.9% during the 2nd quarter. Profund Advisors LLC now owns 15,228 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 3,132 shares during the last quarter. 79.86% of the stock is owned by institutional investors and hedge funds.

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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).