Shares of DDR Corp. (NYSE:DDR) have received an average rating of “Hold” from the nineteen analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $13.75.
Several research analysts have recently weighed in on DDR shares. Royal Bank Of Canada reissued a “hold” rating and set a $14.00 price target on shares of DDR Corp. in a research report on Thursday, April 27th. Citigroup Inc. lowered their price target on shares of DDR Corp. from $16.50 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, May 9th. ValuEngine cut shares of DDR Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reissued a “hold” rating and set a $13.00 price target on shares of DDR Corp. in a research report on Monday, April 24th. Finally, BidaskClub raised shares of DDR Corp. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th.
In other DDR Corp. news, CEO David R. Lukes purchased 60,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were bought at an average cost of $8.37 per share, for a total transaction of $502,200.00. Following the completion of the purchase, the chief executive officer now directly owns 432,948 shares of the company’s stock, valued at $3,623,774.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Terrance R. Ahern purchased 59,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were acquired at an average price of $8.47 per share, for a total transaction of $499,730.00. Following the completion of the purchase, the director now directly owns 323,060 shares of the company’s stock, valued at $2,736,318.20. The disclosure for this purchase can be found here. Insiders have acquired 132,325 shares of company stock worth $1,119,330 over the last quarter. Insiders own 16.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of DDR. Sigma Planning Corp acquired a new stake in shares of DDR Corp. during the second quarter worth about $100,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of DDR Corp. during the second quarter worth about $104,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of DDR Corp. during the second quarter worth about $111,000. Janney Montgomery Scott LLC acquired a new stake in shares of DDR Corp. during the second quarter worth about $121,000. Finally, Greenleaf Trust acquired a new stake in shares of DDR Corp. during the second quarter worth about $123,000. Institutional investors own 80.52% of the company’s stock.
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DDR Corp. (NYSE:DDR) traded up 0.40% during trading on Friday, reaching $10.04. 5,947,249 shares of the company’s stock traded hands. The firm’s market capitalization is $3.68 billion. DDR Corp. has a one year low of $8.11 and a one year high of $19.22. The company has a 50-day moving average price of $9.61 and a 200 day moving average price of $11.39.
DDR Corp. (NYSE:DDR) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.22. The firm had revenue of $227.40 million for the quarter, compared to analyst estimates of $222.90 million. DDR Corp. had a negative net margin of 5.48% and a positive return on equity of 1.24%. The company’s revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. On average, analysts anticipate that DDR Corp. will post ($0.10) earnings per share for the current fiscal year.
About DDR Corp.
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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