DDR (DDR) Coverage Initiated by Analysts at Stifel Nicolaus
Equities researchers at Stifel Nicolaus started coverage on shares of DDR (NYSE:DDR) in a note issued to investors on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $8.25 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 7.70% from the company’s previous close.
Several other research firms have also recently issued reports on DDR. Boenning Scattergood reaffirmed a “sell” rating on shares of DDR in a research report on Monday, November 6th. ValuEngine raised DDR from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. KeyCorp reaffirmed a “buy” rating and set a $13.00 price objective on shares of DDR in a research report on Friday, September 1st. SunTrust Banks reaffirmed a “hold” rating and set a $10.00 price objective on shares of DDR in a research report on Friday, November 3rd. Finally, Mizuho reaffirmed a “hold” rating and set a $10.00 price objective on shares of DDR in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.77.
Shares of DDR (DDR) traded up $0.03 during midday trading on Thursday, reaching $7.66. The company’s stock had a trading volume of 4,137,415 shares, compared to its average volume of 5,025,676. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.51. DDR has a 12 month low of $7.55 and a 12 month high of $15.82. The stock has a market cap of $2,810.00, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 1.36 and a beta of 0.76.
DDR (NYSE:DDR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, topping 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 in the prior year, the business earned $0.33 EPS. DDR’s revenue was down 10.2% on a year-over-year basis. analysts anticipate that DDR will post 1.15 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Sigma Planning Corp acquired a new stake in DDR during the 2nd quarter worth approximately $100,000. Cutter & CO Brokerage Inc. acquired a new stake in DDR during the 2nd quarter worth approximately $104,000. Cambridge Investment Research Advisors Inc. acquired a new stake in DDR during the 2nd quarter worth approximately $111,000. Janney Montgomery Scott LLC acquired a new stake in DDR during the 2nd quarter worth approximately $121,000. Finally, 1st Global Advisors Inc. acquired a new stake in DDR during the 2nd quarter worth approximately $131,000. 80.14% of the stock is owned by institutional investors.
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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