DDR (NYSE:DDR)‘s stock had its “hold” rating reissued by Sandler O’Neill in a research report issued to clients and investors on Friday. They currently have a $8.00 price target on the real estate investment trust’s stock. Sandler O’Neill’s price objective would indicate a potential upside of 3.49% from the company’s current price.
Several other analysts have also recently weighed in on DDR. ValuEngine cut DDR from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. SunTrust Banks set a $9.00 price target on DDR and gave the stock a “hold” rating in a report on Monday, January 22nd. Boenning Scattergood reissued a “sell” rating on shares of DDR in a report on Monday, November 6th. Zacks Investment Research cut DDR from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $8.25 price target on shares of DDR in a report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. DDR currently has an average rating of “Hold” and a consensus target price of $10.79.
DDR (NYSE:DDR) opened at $7.73 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.61 and a current ratio of 0.61. DDR has a one year low of $6.77 and a one year high of $14.89. The company has a market capitalization of $2,850.00, a P/E ratio of -193.25, a PEG ratio of 1.46 and a beta of 0.60.
A number of hedge funds and other institutional investors have recently made changes to their positions in DDR. Northern Trust Corp raised its holdings in DDR by 6.1% in the 2nd quarter. Northern Trust Corp now owns 3,000,951 shares of the real estate investment trust’s stock valued at $27,219,000 after acquiring an additional 173,544 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in DDR by 4.3% in the 2nd 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 raised its holdings in DDR by 317.9% in the 2nd 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. Macquarie Group Ltd. raised its holdings in shares of DDR by 150.1% during the 2nd quarter. Macquarie Group Ltd. now owns 354,771 shares of the real estate investment trust’s stock worth $3,218,000 after buying an additional 212,946 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of DDR by 0.4% during the 2nd quarter. State Street Corp now owns 9,623,554 shares of the real estate investment trust’s stock worth $87,284,000 after buying an additional 36,430 shares in the last quarter. 78.89% of the stock is owned by hedge funds and other 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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