Boenning Scattergood reissued their sell rating on shares of DDR (NYSE:DDR) in a report issued on Monday, December 18th.
DDR has been the topic of several other reports. Royal Bank of Canada reaffirmed a sector perform rating and issued a $9.00 price target (down from $11.00) on shares of DDR in a research report on Tuesday, November 7th. Mizuho reaffirmed a hold rating and set a $10.00 price objective on shares of DDR in a report on Monday, October 9th. Zacks Investment Research downgraded DDR from a buy rating to a hold rating in a report on Wednesday, November 8th. Morgan Stanley reiterated an equal weight rating and issued a $8.25 target price on shares of DDR in a research note on Thursday, December 14th. Finally, Raymond James Financial reiterated a buy rating on shares of DDR in a research note on Friday, December 15th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $11.29.
Shares of DDR (DDR) remained flat at $$8.57 during trading on Monday. The company’s stock had a trading volume of 2,687,434 shares, compared to its average volume of 5,050,304. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.51. DDR has a twelve month low of $7.26 and a twelve month high of $15.57. The firm has a market cap of $3,160.00, a price-to-earnings ratio of -18.63, a PEG ratio of 1.72 and a beta of 0.75.
DDR (NYSE:DDR) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The company had revenue of $220.10 million for the quarter, compared to analyst estimates of $218.58 million. DDR had a negative return on equity of 7.74% and a negative net margin of 18.93%. The business’s revenue was down 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. equities analysts forecast that DDR will post 1.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Tuesday, December 12th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.76 annualized dividend and a yield of 8.87%. DDR’s dividend payout ratio (DPR) is presently -165.22%.
A number of large investors have recently modified their holdings of the business. AXA lifted its position in DDR by 100.7% during the 3rd quarter. AXA now owns 1,101,775 shares of the real estate investment trust’s stock worth $10,093,000 after buying an additional 552,721 shares in the last quarter. GSA Capital Partners LLP bought a new position in DDR in the 3rd quarter valued at about $151,000. Americafirst Capital Management LLC bought a new position in DDR in the 3rd quarter valued at about $650,000. California Public Employees Retirement System raised its holdings in DDR by 9.3% in the 3rd 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 acquiring an additional 75,048 shares during the period. Finally, Highbridge Capital Management LLC raised its holdings in DDR by 153.1% in the 3rd quarter. Highbridge Capital Management LLC now owns 302,670 shares of the real estate investment trust’s stock valued at $2,772,000 after acquiring an additional 183,075 shares during the period. 79.86% of the stock is currently owned by hedge funds and other institutional investors.
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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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