The stock of DDR Corp (NYSE:DDR) gapped down by $0.1 today and has $16.09 target or 5.00% below today’s $16.94 share price. The 6 months technical chart setup indicates high risk for the $6.20 billion company. The gap down was reported on Oct, 4 by Barchart.com. If the $16.09 price target is reached, the company will be worth $310.00 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 2.81% or $0.49 on October 3, hitting $16.94. DDR Corp (NYSE:DDR) has declined 0.70% since March 1, 2016 and is downtrending. It has underperformed by 12.92% the S&P500.
Analysts await DDR Corp (NYSE:DDR) to report earnings on October, 25. They expect $0.31 earnings per share, 0.00% or $0.00 from last year’s $0.31 per share. DDR’s profit will be $113.46 million for 13.66 P/E if the $0.31 EPS becomes a reality. After $0.33 actual earnings per share reported by DDR Corp for the previous quarter, Wall Street now forecasts -6.06% negative EPS growth.
DDR Corp (NYSE:DDR) Ratings Coverage
Out of 16 analysts covering Developers Diversified Realty (NYSE:DDR), 2 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 13% are positive. Developers Diversified Realty has been the topic of 24 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, July 22. The firm has “Neutral” rating by Suntrust Robinson given on Friday, January 22. Citigroup maintained the stock with “Neutral” rating in Friday, August 12 report. The firm has “Neutral” rating by Bank of America given on Monday, July 11. On Tuesday, September 8 the stock rating was maintained by Evercore with “Hold”. Deutsche Bank maintained DDR Corp (NYSE:DDR) on Friday, August 7 with “Buy” rating. On Monday, August 3 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock has “Outperform” rating given by Raymond James on Tuesday, July 26. The stock has “Hold” rating given by Jefferies on Tuesday, January 12. Deutsche Bank downgraded it to “Hold” rating and $17 target price in Wednesday, December 30 report.
According to Zacks Investment Research, “DDR Corp. is a real estate investment trust that owns and manages retail properties in the continental United States, Puerto Rico and Brazil. Its portfolio primarily features shopping centers. DDR Corp. is headquartered in Beachwood, Ohio.”
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.19, from 1.26 in 2016Q1. The ratio is positive, as 11 funds sold all DDR Corp shares owned while 73 reduced positions. 38 funds bought stakes while 84 increased positions. They now own 321.74 million shares or 1.06% less from 325.20 million shares in 2016Q1.
Standard Life Invests Limited holds 0.01% or 132,936 shares in its portfolio. Barclays Public Ltd Company has 0.01% invested in the company for 249,991 shares. Tradewinds Cap Mgmt Ltd Liability Com accumulated 121 shares or 0% of the stock. Walleye Trading Llc has invested 0.03% of its portfolio in DDR Corp (NYSE:DDR). Citigroup last reported 0.01% of its portfolio in the stock. Point72 Asia (Hong Kong) Limited has 2,100 shares for 0.04% of their US portfolio. Aperio Gp Llc holds 0.01% of its portfolio in DDR Corp (NYSE:DDR) for 77,796 shares. Dalton Greiner Hartman Maher & Communication has invested 0.02% of its portfolio in DDR Corp (NYSE:DDR). Wealthtrust Fairport Ltd Liability Co has invested 0.15% of its portfolio in DDR Corp (NYSE:DDR). Fmr Ltd Limited Liability Company accumulated 26.33M shares or 0.07% of the stock. Hancock Hldg owns 12,310 shares or 0.01% of their US portfolio. Presima has 218,450 shares for 0.62% of their US portfolio. Blackrock Invest Mngmt Lc accumulated 0.01% or 255,350 shares. Art Advsrs Ltd last reported 223,101 shares in the company. Checchi Cap Advisers Ltd Company holds 0.01% of its portfolio in DDR Corp (NYSE:DDR) for 2,423 shares.
Insider Transactions: Since May 5, 2016, the stock had 1 insider purchase, and 2 insider sales for $730,619 net activity. GIDEL ROBERT H had sold 16,000 shares worth $312,056. 28,939 DDR Corp (NYSE:DDR) shares with value of $520,902 were sold by Freddo Paul W. 5,500 shares were bought by Roulston Scott D, worth $102,339.
Another recent and important DDR Corp (NYSE:DDR) news was published by Prnewswire.com which published an article titled: “DDR Declares Common Stock Dividend of $0.19 for Third Quarter 2016” on September 08, 2016.
DDR Company Profile
DDR Corp., incorporated on November 20, 1992, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates through two divisions: shopping centers and loan investments. The Firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, the Company engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. The Firm owns and manages approximately 110 million total square feet of gross leasable area (GLA). The properties include discounters, warehouse clubs, dollar stores and specialty grocers as additional anchors or tenants. The Firm leases approximately 10 million square feet, including over 510 new leases and approximately 810 renewals for over 1,330 leases.
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