Deutsche Bank Cuts DDR (DDR) Price Target to $10.00

DDR (NYSE:DDR) had its price target reduced by analysts at Deutsche Bank from $11.00 to $10.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank’s price target suggests a potential upside of 38.70% from the stock’s current price.

DDR has been the topic of a number of other reports. Boenning Scattergood restated a “sell” rating on shares of DDR in a research note on Monday, December 18th. Citigroup set a $10.00 price objective on DDR and gave the company a “buy” rating in a research note on Tuesday, February 27th. Zacks Investment Research cut DDR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Jefferies Group set a $8.00 target price on DDR and gave the company a “hold” rating in a report on Tuesday, February 27th. Finally, Evercore ISI lowered DDR from an “in-line” rating to an “underperform” rating in a report on Monday, March 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. DDR presently has an average rating of “Hold” and an average target price of $9.37.

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Shares of DDR stock opened at $7.21 on Tuesday. DDR has a 52-week low of $6.76 and a 52-week high of $13.00. The stock has a market capitalization of $2,694.79, a P/E ratio of 6.11, a PEG ratio of 1.47 and a beta of 0.61. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.62.

DDR (NYSE:DDR) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. DDR had a negative return on equity of 5.56% and a negative net margin of 27.22%. The business had revenue of $209.43 million for the quarter, compared to analysts’ expectations of $205.20 million. During the same period in the previous year, the business posted $0.30 EPS. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. sell-side analysts forecast that DDR will post 0.99 EPS for the current year.

In related news, Director Alexander Otto bought 1,351,558 shares of DDR stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $7.81 per share, with a total value of $10,555,667.98. Following the acquisition, the director now directly owns 48,963,634 shares of the company’s stock, valued at $382,405,981.54. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 5,027,655 shares of company stock valued at $37,275,524 in the last ninety days. Insiders own 17.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Verition Fund Management LLC purchased a new position in shares of DDR during the fourth quarter worth about $119,000. Lourd Capital LLC purchased a new position in shares of DDR during the fourth quarter worth about $136,000. GSA Capital Partners LLP purchased a new position in shares of DDR during the third quarter worth about $151,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of DDR by 79.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,286 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 9,003 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new position in shares of DDR during the fourth quarter worth about $242,000. 81.60% of the stock is owned by institutional investors.

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About DDR

DDR is an owner and manager of 273 value-oriented shopping centers representing 92 million square feet in 33 states and Puerto Rico. The Company owns a high-quality portfolio of open-air shopping centers in major metropolitan areas that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.

Analyst Recommendations for DDR (NYSE:DDR)

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