DDR has been the subject of several other reports. Royal Bank of Canada reissued a sector perform rating and issued a $9.00 price objective (down from $11.00) on shares of DDR in a research note on Tuesday, November 7th. Boenning Scattergood reissued a sell rating on shares of DDR in a research note on Monday. Zacks Investment Research downgraded DDR from a buy rating to a hold rating in a research report on Wednesday, November 8th. Morgan Stanley reaffirmed an equal weight rating and set a $8.25 price target on shares of DDR in a research report on Thursday, December 14th. Finally, Raymond James Financial reaffirmed a buy rating on shares of DDR in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $11.29.
Shares of DDR (NYSE:DDR) opened at $8.55 on Monday. The company has a market capitalization of $3,165.11, a P/E ratio of 7.16, a PEG ratio of 1.50 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 quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.51.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, December 12th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date of this dividend is Monday, December 11th. DDR’s payout ratio is -1,900.00%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AXA grew its holdings in DDR by 100.7% during the third quarter. AXA now owns 1,101,775 shares of the real estate investment trust’s stock valued at $10,093,000 after purchasing an additional 552,721 shares during the period. GSA Capital Partners LLP bought a new position in DDR during the third quarter valued at $151,000. Americafirst Capital Management LLC bought a new position in DDR during the third quarter valued at $650,000. California Public Employees Retirement System grew its holdings in DDR by 9.3% during the third 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 purchasing an additional 75,048 shares during the period. Finally, Highbridge Capital Management LLC grew its holdings in DDR by 153.1% during the third quarter. Highbridge Capital Management LLC now owns 302,670 shares of the real estate investment trust’s stock valued at $2,772,000 after purchasing an additional 183,075 shares during the period. 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).
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