Morgan Stanley restated their equal weight rating on shares of DDR (NYSE:DDR) in a report issued on Thursday. The firm currently has a $8.25 price target on the real estate investment trust’s stock.

Several other equities research analysts also recently weighed in on DDR. ValuEngine upgraded DDR from a hold rating to a buy rating in a report on Monday, October 2nd. Boenning Scattergood downgraded DDR from a neutral rating to an under perform rating in a report on Tuesday, October 3rd. Stifel Nicolaus began coverage on DDR in a report on Thursday, November 30th. They issued a buy rating and a $8.25 price objective on the stock. Zacks Investment Research upgraded DDR from a hold rating to a buy rating and set a $10.00 price objective on the stock in a report on Wednesday, October 4th. Finally, SunTrust Banks reiterated a hold rating and issued a $10.00 price objective on shares of DDR in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $11.36.

Shares of DDR (DDR) traded up $0.90 during midday trading on Thursday, reaching $8.86. The company’s stock had a trading volume of 21,438,690 shares, compared to its average volume of 5,081,608. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.51. DDR has a 12 month low of $7.26 and a 12 month high of $15.57. The stock has a market cap of $2,973.51, a P/E ratio of 6.72, a price-to-earnings-growth ratio of 1.41 and a beta of 0.76.

DDR (NYSE:DDR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. DDR had a return on equity of 3.48% and a net margin of 1.11%. The company had revenue of $220.10 million for the quarter, compared to the consensus estimate of $218.58 million. During the same quarter in the prior year, the business earned $0.33 EPS. DDR’s revenue was down 10.2% on a year-over-year basis. analysts anticipate that DDR will post 1.15 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 12th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.58%. DDR’s payout ratio is currently -1,900.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of DDR by 2.0% in the 2nd quarter. SG Americas Securities LLC now owns 17,249 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 339 shares during the period. GAM Holding AG boosted its position in shares of DDR by 4.4% in the 2nd quarter. GAM Holding AG now owns 26,865 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 1,135 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of DDR by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,478 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 2,384 shares during the period. Franklin Resources Inc. boosted its position in shares of DDR by 1.2% in the 2nd quarter. Franklin Resources Inc. now owns 237,633 shares of the real estate investment trust’s stock valued at $2,156,000 after purchasing an additional 2,833 shares during the period. Finally, Profund Advisors LLC boosted its position in shares of DDR by 25.9% in the 2nd quarter. Profund Advisors LLC now owns 15,228 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 3,132 shares during the period. 80.04% 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).

Analyst Recommendations for DDR (NYSE:DDR)

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