DDR (DDR) Rating Reiterated by Mizuho
DDR (NYSE:DDR)‘s stock had its “hold” rating reaffirmed by investment analysts at Mizuho in a research report issued to clients and investors on Friday.
Several other research analysts have also recently issued reports on DDR. SunTrust Banks reaffirmed a “hold” rating and issued a $10.00 price target on shares of DDR in a report on Friday, November 3rd. Boenning Scattergood reaffirmed a “sell” rating on shares of DDR in a report on Monday, November 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 price target (down previously from $11.00) on shares of DDR in a report on Tuesday, November 7th. Zacks Investment Research cut DDR from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Stifel Nicolaus initiated coverage on DDR in a report on Thursday, November 30th. They issued a “buy” rating and a $8.25 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $10.39.
Shares of DDR (DDR) traded up $0.17 during trading hours on Friday, reaching $7.74. The company had a trading volume of 3,720,000 shares, compared to its average volume of 4,510,000. DDR has a 1 year low of $6.77 and a 1 year high of $14.89. The company has a market capitalization of $2,850.00, a PE ratio of -10.46, a price-to-earnings-growth ratio of 1.51 and a beta of 0.60. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.61 and a current ratio of 0.61.
In other news, Director Alexander Otto acquired 1,245,942 shares of the stock in a transaction on Thursday, February 22nd. The shares were purchased at an average cost of $7.58 per share, for a total transaction of $9,444,240.36. Following the transaction, the director now owns 47,633,065 shares in the company, valued at approximately $361,058,632.70. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 16.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in DDR by 24.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,930 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 4,768 shares in the last quarter. Presima Inc. grew its position in DDR by 3.3% during the 4th quarter. Presima Inc. now owns 222,600 shares of the real estate investment trust’s stock worth $1,994,000 after purchasing an additional 7,100 shares in the last quarter. Meeder Asset Management Inc. grew its position in DDR by 28.9% during the 4th quarter. Meeder Asset Management Inc. now owns 38,692 shares of the real estate investment trust’s stock worth $348,000 after purchasing an additional 8,672 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in DDR by 79.8% during the 4th 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, Guggenheim Capital LLC grew its position in DDR by 19.5% during the 4th quarter. Guggenheim Capital LLC now owns 73,694 shares of the real estate investment trust’s stock worth $660,000 after purchasing an additional 12,036 shares in the last quarter. Hedge funds and other institutional investors 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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