A number of other analysts have also recently commented on DDR. ValuEngine raised shares of DDR from a hold rating to a buy rating in a research report on Monday, October 2nd. 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. Raymond James Financial reaffirmed a buy rating on shares of DDR in a research report on Friday, December 15th. Citigroup reaffirmed a buy rating on shares of DDR in a research report on Friday, December 15th. Finally, Zacks Investment Research raised shares of DDR from a hold rating to a buy rating and set a $10.00 price target on the stock in a research report on Wednesday, October 4th. One 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. DDR presently has an average rating of Hold and a consensus price target of $11.29.
Shares of DDR (DDR) opened at $8.55 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.51. The company has a market cap of $3,165.11, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.76. DDR has a 1 year low of $7.26 and a 1 year high of $15.57.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 12th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.89%. DDR’s dividend payout ratio (DPR) is presently -1,900.00%.
Several hedge funds have recently added to or reduced their stakes in DDR. Sigma Planning Corp acquired a new stake in shares of DDR in the 2nd quarter worth about $100,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of DDR in the 2nd quarter worth about $104,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of DDR in the 2nd quarter worth about $111,000. Janney Montgomery Scott LLC acquired a new stake in shares of DDR in the 2nd quarter worth about $121,000. Finally, 1st Global Advisors Inc. acquired a new stake in shares of DDR in the 2nd quarter worth about $131,000. 79.86% of the stock is currently owned by institutional investors.
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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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