DDR (DDR) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of DDR (NYSE:DDR) in a report released on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a $8.25 price objective on the real estate investment trust’s stock.

A number of other research analysts have also recently issued reports on DDR. ValuEngine raised DDR from a hold rating to a buy rating in a research note on Monday, October 2nd. Boenning Scattergood cut DDR from a neutral rating to an under perform rating in a research note on Tuesday, October 3rd. Zacks Investment Research raised DDR from a hold rating to a buy rating and set a $10.00 target price for the company in a research note on Wednesday, October 4th. SunTrust Banks reissued a hold rating and issued a $10.00 target price on shares of DDR in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada reissued a sector perform rating and issued a $9.00 target price (down from $11.00) on shares of DDR in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $11.77.

Shares of DDR (NYSE:DDR) traded up $0.03 during trading on Thursday, hitting $7.66. The company had a trading volume of 4,137,400 shares, compared to its average volume of 5,025,676. 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 twelve month low of $7.55 and a twelve month high of $15.82. The firm has a market capitalization of $2,822.44, a PE ratio of 6.38, a PEG ratio of 1.33 and a beta of 0.76.

DDR (NYSE:DDR) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. DDR had a return on equity of 3.48% and a net margin of 1.11%. The firm had revenue of $220.10 million during the quarter, compared to analysts’ expectations of $218.58 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The company’s revenue was down 10.2% on a year-over-year basis. research analysts predict that DDR will post 1.15 earnings per share for the current fiscal year.

The company also recently declared 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 9.92%. DDR’s dividend payout ratio (DPR) is -1,900.00%.

Institutional investors have recently modified their holdings of the company. Sigma Planning Corp bought a new stake in shares of DDR in the second quarter valued at about $100,000. Cutter & CO Brokerage Inc. bought a new stake in shares of DDR in the second quarter valued at about $104,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of DDR in the second quarter valued at about $111,000. Janney Montgomery Scott LLC bought a new stake in shares of DDR in the second quarter valued at about $121,000. Finally, 1st Global Advisors Inc. bought a new stake in shares of DDR in the second quarter valued at about $131,000. Institutional investors own 80.04% of the company’s stock.

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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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