DDR’s (DDR) “Sell” Rating Reiterated at Boenning Scattergood

Boenning Scattergood reissued their sell rating on shares of DDR (NYSE:DDR) in a research note released on Monday morning.

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.

DDR (NYSE:DDR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.03. The business had revenue of $220.10 million for the quarter, compared to analysts’ expectations of $218.58 million. DDR had a net margin of 1.11% and a return on equity of 3.48%. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. equities research analysts expect that DDR will post 1.15 EPS for the current fiscal year.

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.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.com-unik.info/2017/12/22/ddrs-ddr-sell-rating-reiterated-at-boenning-scattergood.html.

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).

Analyst Recommendations for DDR (NYSE:DDR)

Receive News & Ratings for DDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DDR and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit