The stock of DDR Corp (NYSE:DDR) is a huge mover today! DDR Corp (NYSE:DDR) has declined 4.73% since March 9, 2016 and is downtrending. It has underperformed by 12.14% the S&P500.
The move comes after 8 months positive chart setup for the $6.01B company. It was reported on Oct, 12 by Barchart.com. We have $20.50 PT which if reached, will make NYSE:DDR worth $1.50 billion more.
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 $113.60 million for 13.23 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. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Neutral”. The firm has “Hold” rating given on Tuesday, January 12 by Jefferies. The stock of DDR Corp (NYSE:DDR) earned “Underperform” rating by Bank of America on Thursday, August 25. On Monday, July 18 the stock rating was maintained by Deutsche Bank with “Hold”. Deutsche Bank maintained DDR Corp (NYSE:DDR) rating on Friday, August 7. Deutsche Bank has “Buy” rating and $19 price target. On Friday, April 15 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. Evercore maintained DDR Corp (NYSE:DDR) rating on Tuesday, September 8. Evercore has “Hold” rating and $17 price target. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, August 3. As per Monday, July 11, the company rating was downgraded by Bank of America. Deutsche Bank downgraded the stock to “Hold” rating 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 2016 Q2. 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.
Envestnet Asset Mgmt Inc holds 0% or 67,651 shares in its portfolio. The Texas-based Dimensional Fund Advisors Ltd Partnership has invested 0.04% in DDR Corp (NYSE:DDR). The Ohio-based Fifth Third Natl Bank has invested 0% in DDR Corp (NYSE:DDR). Bailard last reported 25,100 shares in the company. Amalgamated Retail Bank, a New York-based fund reported 37,200 shares. State Of New Jersey Common Pension Fund D accumulated 270,000 shares or 0.02% of the stock. Loomis Sayles And Company L P, a Massachusetts-based fund reported 327,063 shares. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0.01% in DDR Corp (NYSE:DDR). Qs Ltd has 27 shares for 0% of their US portfolio. Nuveen Asset Mgmt Ltd Liability Com accumulated 0.27% or 2.41M shares. Bartlett And Limited Co last reported 0% of its portfolio in the stock. Weiss Multi owns 850,000 shares or 1.19% of their US portfolio. First Trust Advsrs Limited Partnership owns 181,339 shares or 0.01% of their US portfolio. Keeley Asset accumulated 0.07% or 89,115 shares. Asset Mngmt Incorporated holds 0.01% of its portfolio in DDR Corp (NYSE:DDR) for 14,895 shares.
Insider Transactions: Since May 5, 2016, the stock had 1 buy, and 2 selling transactions for $730,619 net activity. 5,500 shares were bought by Roulston Scott D, worth $102,339. Freddo Paul W sold 28,939 shares worth $520,902. Another trade for 16,000 shares valued at $312,056 was sold by GIDEL ROBERT H.
Another recent and important DDR Corp (NYSE:DDR) news was published by Businesswire.com which published an article titled: “Fitch Affirms DDR’s IDR at ‘BBB-‘; Outlook Stable” on October 07, 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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