DDR (NYSE:DDR) was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, September 14th, Marketbeat reports. They currently have a $15.00 target price on the real estate investment trust’s stock, down from their previous target price of $16.00. Citigroup’s target price would suggest a potential upside of 18.11% from the stock’s current price.
A number of other research analysts also recently commented on DDR. ValuEngine upgraded DDR from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 22nd. Stifel Nicolaus increased their target price on DDR from $7.25 to $15.50 and gave the company a “hold” rating in a research report on Thursday, May 24th. Evercore ISI downgraded DDR from an “in-line” rating to an “underperform” rating in a research report on Monday, June 11th. Morgan Stanley raised their price target on DDR from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 14th. Finally, Zacks Investment Research downgraded DDR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 19th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.19.
DDR traded up $0.07 during trading on Friday, reaching $12.70. 862,189 shares of the company traded hands, compared to its average volume of 2,560,496. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.81 and a quick ratio of 0.81. DDR has a 12-month low of $10.95 and a 12-month high of $15.08. The firm has a market cap of $2.47 billion, a P/E ratio of 5.38, a price-to-earnings-growth ratio of 1.64 and a beta of 0.49.
DDR (NYSE:DDR) last posted its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $204.32 million during the quarter, compared to the consensus estimate of $200.65 million. DDR had a negative return on equity of 6.72% and a negative net margin of 32.65%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. On average, sell-side analysts anticipate that DDR will post 1.63 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. Bayesian Capital Management LP purchased a new position in shares of DDR during the first quarter valued at $116,000. Qube Research & Technologies Ltd purchased a new position in shares of DDR during the second quarter valued at $157,000. American Century Companies Inc. purchased a new position in shares of DDR during the first quarter valued at $173,000. HRT Financial LLC purchased a new position in shares of DDR during the first quarter valued at $194,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of DDR during the second quarter valued at $196,000. Institutional investors and hedge funds own 81.77% of the company’s stock.
DDR is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.
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