DDR (NYSE:DDR)‘s stock had its “neutral” rating reissued by investment analysts at UBS Group in a research report issued on Tuesday, www.benzinga.com reports. They currently have a $8.00 price target on the real estate investment trust’s stock, down from their previous price target of $9.00. UBS Group’s target price would indicate a potential upside of 6.24% from the company’s previous close.
A number of other analysts also recently commented on the company. Boenning Scattergood reiterated a “sell” rating on shares of DDR in a research report on Tuesday. Sandler O’Neill reiterated a “hold” rating and set a $8.00 target price on shares of DDR in a research report on Friday, February 16th. Zacks Investment Research downgraded DDR from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. ValuEngine downgraded DDR from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, SunTrust Banks set a $9.00 target price on DDR and gave the stock a “hold” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $10.39.
DDR (NYSE DDR) traded down $0.04 on Tuesday, reaching $7.53. The company’s stock had a trading volume of 863,592 shares, compared to its average volume of 4,447,389. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $2,851.18, a P/E ratio of -10.30, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. DDR has a one year low of $6.77 and a one year high of $14.89.
DDR (NYSE:DDR) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. The company had revenue of $209.43 million for the quarter, compared to the consensus estimate of $205.20 million. DDR had a negative return on equity of 5.38% and a negative net margin of 27.22%. DDR’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. equities analysts anticipate that DDR will post 1.02 EPS for the current fiscal year.
Several large investors have recently modified their holdings of DDR. Dimensional Fund Advisors LP lifted its position in shares of DDR by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,403,508 shares of the real estate investment trust’s stock valued at $39,942,000 after acquiring an additional 181,981 shares in the last quarter. Royal Bank of Canada lifted its position in shares of DDR by 317.9% in the second quarter. Royal Bank of Canada now owns 24,049 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 18,294 shares in the last quarter. State Street Corp lifted its position in shares of DDR by 0.4% in the second quarter. State Street Corp now owns 9,623,554 shares of the real estate investment trust’s stock valued at $87,284,000 after acquiring an additional 36,430 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of DDR in the second quarter valued at $149,000. Finally, The Manufacturers Life Insurance Company lifted its position in DDR by 24.9% during the second quarter. The Manufacturers Life Insurance Company now owns 23,930 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 4,768 shares during the period. Institutional investors and hedge funds own 79.17% of the company’s stock.
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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