The stock of DDR Corp (NYSE:DDR) is a huge mover today! The stock decreased 2.87% or $0.5 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.
The move comes after 8 months negative chart setup for the $6.20B company. It was reported on Oct, 4 by Barchart.com. We have $15.58 PT which if reached, will make NYSE:DDR worth $496.00M less.
Analysts await DDR Corp (NYSE:DDR) to report earnings on October, 25. They expect $0.31 EPS, 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 EPS 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 “Neutral” rating given on Thursday, January 7 by Robert W. Baird. BTIG Research initiated DDR Corp (NYSE:DDR) on Thursday, August 25 with “Neutral” rating. The rating was maintained by Deutsche Bank with “Hold” on Monday, July 18. The firm has “Buy” rating by Deutsche Bank given on Friday, August 7. On Friday, August 12 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Neutral” rating given on Friday, January 22 by Suntrust Robinson. SunTrust downgraded DDR Corp (NYSE:DDR) on Friday, January 22 to “Neutral” rating. The stock of DDR Corp (NYSE:DDR) has “Underperform” rating given on Thursday, August 25 by Bank of America. The rating was downgraded by CapitalOne on Monday, December 21 to “Equal Weight”. Canaccord Genuity initiated it with “Hold” rating and $18 target price in Wednesday, July 22 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 improved, 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.
Weiss Multi last reported 850,000 shares in the company. Northern Trust, a Illinois-based fund reported 3.14 million shares. Moreover, Mutual Of America Capital Mngmt Ltd Limited Liability Company has 0.01% invested in DDR Corp (NYSE:DDR) for 31,683 shares. Rhumbline Advisers accumulated 257,059 shares or 0.01% of the stock. Honeywell Inc owns 150,000 shares or 0.07% of their US portfolio. Mizuho Banking last reported 59,064 shares in the company. Blackrock Limited Liability Corp owns 225,049 shares or 0% of their US portfolio. Moreover, Calvert Inv Mngmt Inc has 0.18% invested in DDR Corp (NYSE:DDR) for 187,645 shares. Jefferies Group Incorporated Ltd Limited Liability Company reported 13,244 shares or 0% of all its holdings. Comerica Comml Bank holds 0% or 14,415 shares in its portfolio. Princeton Alpha Management Limited Partnership has invested 0.3% of its portfolio in DDR Corp (NYSE:DDR). Advsrs Limited Lc accumulated 5,688 shares or 0.05% of the stock. Moreover, Wellington Mgmt Ltd Liability Partnership has 0% invested in DDR Corp (NYSE:DDR) for 103,326 shares. Gideon Capital Advsr accumulated 0.55% or 52,417 shares. Thrivent Financial For Lutherans holds 148,776 shares or 0.01% of its portfolio.
Insider Transactions: Since May 5, 2016, the stock had 1 buy, and 2 sales for $730,619 net activity. Shares for $312,056 were sold by GIDEL ROBERT H. 5,500 shares were bought by Roulston Scott D, worth $102,339. $520,902 worth of shares were sold by Freddo Paul W on Thursday, May 5.
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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