DDR (NYSE:DDR) had its price objective lowered by Deutsche Bank from $11.00 to $10.00 in a research report sent to investors on Tuesday. The brokerage currently has a buy rating on the real estate investment trust’s stock.
A number of other research analysts have also recently issued reports on DDR. Boenning Scattergood reaffirmed a sell rating on shares of DDR in a research note on Monday, December 18th. Mizuho set a $9.00 price objective on DDR and gave the company a hold rating in a research note on Monday, December 18th. ValuEngine cut DDR from a buy rating to a hold rating in a research note on Sunday, December 31st. Zacks Investment Research cut DDR from a hold rating to a sell rating in a research note on Monday, January 15th. Finally, SunTrust Banks set a $9.00 price objective on DDR and gave the company a hold rating in a research note on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $9.37.
Shares of NYSE:DDR opened at $6.75 on Tuesday. DDR has a 12-month low of $6.75 and a 12-month high of $12.74. The stock has a market cap of $2,572.97, a PE ratio of 5.72, a P/E/G ratio of 1.44 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.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Friday, March 16th were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.76 annualized dividend and a dividend yield of 11.26%. DDR’s payout ratio is presently 64.41%.
In other DDR news, Director Alexander Otto bought 711,616 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were bought at an average cost of $7.31 per share, with a total value of $5,201,912.96. Following the completion of the purchase, the director now directly owns 52,860,079 shares of the company’s stock, valued at $386,407,177.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 5,027,655 shares of company stock worth $37,275,524 over the last three months. 17.60% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Staley Capital Advisers Inc. grew its stake in shares of DDR by 239.5% in the fourth quarter. Staley Capital Advisers Inc. now owns 366,700 shares of the real estate investment trust’s stock worth $3,286,000 after purchasing an additional 258,700 shares during the last quarter. Brookfield Asset Management Inc. grew its stake in shares of DDR by 24.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 12,769,670 shares of the real estate investment trust’s stock worth $114,416,000 after purchasing an additional 2,532,900 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DDR by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,134,303 shares of the real estate investment trust’s stock worth $28,083,000 after purchasing an additional 51,509 shares during the last quarter. Swiss National Bank lifted its holdings in DDR by 3.1% in the fourth quarter. Swiss National Bank now owns 539,700 shares of the real estate investment trust’s stock worth $4,836,000 after buying an additional 16,300 shares during the period. Finally, Jane Street Group LLC purchased a new stake in DDR in the fourth quarter worth about $1,729,000. 81.60% of the stock is currently owned by institutional investors.
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DDR Company Profile
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.
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