DDR (DDR) PT Set at $9.00 by Mizuho

Mizuho set a $9.00 target price on DDR (NYSE:DDR) in a research report released on Monday, December 18th. The brokerage currently has a hold rating on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on the stock. Boenning Scattergood reaffirmed a sell rating on shares of DDR in a research note on Monday, December 18th. Raymond James Financial reiterated a buy rating on shares of DDR in a report on Friday, December 15th. Citigroup reiterated a buy rating on shares of DDR in a report on Friday, December 15th. Morgan Stanley restated an equal weight rating and issued a $8.25 target price on shares of DDR in a report on Thursday, December 14th. Finally, Stifel Nicolaus began coverage on shares of DDR in a report on Thursday, November 30th. They issued a buy rating and a $8.25 target price on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $11.29.

Shares of DDR (DDR) traded up $0.02 during trading hours on Monday, hitting $8.59. 3,384,951 shares of the stock traded hands, compared to its average volume of 5,525,120. DDR has a 52-week low of $7.26 and a 52-week high of $15.57. The company has a market capitalization of $3,157.74, a P/E ratio of -214.75, a price-to-earnings-growth ratio of 1.67 and a beta of 0.76. 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 (NYSE:DDR) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. DDR had a net margin of 1.11% and a return on equity of 3.48%. The company had revenue of $220.10 million during the quarter, compared to the consensus estimate of $218.58 million. During the same period in the prior year, the firm earned $0.33 earnings per share. DDR’s revenue was down 10.2% on a year-over-year basis. equities research analysts expect that DDR will post 1.15 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Tuesday, December 12th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, December 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.85%. DDR’s dividend payout ratio is presently -1,900.00%.

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in DDR by 2.0% in the 2nd quarter. SG Americas Securities LLC now owns 17,249 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 339 shares during the period. GAM Holding AG boosted its position in DDR by 4.4% in the 2nd quarter. GAM Holding AG now owns 26,865 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 1,135 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in DDR by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,478 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 2,384 shares during the period. Franklin Resources Inc. raised its holdings in shares of DDR by 1.2% in the 2nd quarter. Franklin Resources Inc. now owns 237,633 shares of the real estate investment trust’s stock valued at $2,156,000 after purchasing an additional 2,833 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of DDR by 25.9% in the 2nd quarter. Profund Advisors LLC now owns 15,228 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 3,132 shares in the last quarter. 79.86% of the stock is owned by hedge funds and other institutional investors.

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About DDR

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)

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