Mizuho Reiterates “Hold” Rating for DDR Corp. (DDR)

DDR Corp. (NYSE:DDR)‘s stock had its “hold” rating reaffirmed by stock analysts at Mizuho in a research note issued on Monday. They presently have a $10.00 price target on the real estate investment trust’s stock. Mizuho’s price target would indicate a potential upside of 12.11% from the company’s previous close.

DDR has been the topic of several other research reports. Zacks Investment Research upgraded DDR Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Deutsche Bank AG upgraded DDR Corp. from a “hold” rating to a “buy” rating and increased their price target for the stock from $12.00 to $13.00 in a report on Thursday, July 27th. KeyCorp reiterated an “overweight” rating and issued a $13.00 price target (down previously from $16.50) on shares of DDR Corp. in a report on Wednesday, June 28th. BidaskClub upgraded DDR Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of DDR Corp. in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.85.

Shares of DDR Corp. (DDR) opened at 8.92 on Monday. The firm’s market cap is $3.27 billion. The company has a 50-day moving average price of $9.55 and a 200-day moving average price of $9.97. DDR Corp. has a 12 month low of $8.11 and a 12 month high of $16.63.

DDR Corp. (NYSE:DDR) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.22). The business had revenue of $227.40 million for the quarter, compared to the consensus estimate of $222.90 million. DDR Corp. had a negative net margin of 5.48% and a positive return on equity of 1.24%. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 EPS. Analysts forecast that DDR Corp. will post ($0.12) earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. SG Americas Securities LLC raised its stake in shares of DDR Corp. by 2.0% in the second quarter. SG Americas Securities LLC now owns 17,249 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 339 shares during the last quarter. GAM Holding AG raised its stake in shares of DDR Corp. by 4.4% in the second quarter. GAM Holding AG now owns 26,865 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 1,135 shares during the last quarter. Amalgamated Bank raised its stake in shares of DDR Corp. by 3.4% in the first quarter. Amalgamated Bank now owns 44,209 shares of the real estate investment trust’s stock worth $554,000 after purchasing an additional 1,433 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of DDR Corp. by 0.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 228,827 shares of the real estate investment trust’s stock worth $2,867,000 after purchasing an additional 1,730 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of DDR Corp. by 4.7% in the first quarter. Mutual of America Capital Management LLC now owns 46,626 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 2,098 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

About DDR Corp.

DDR Corp. is a self-administered and self-managed real estate investment trust. It operates through two segments: shopping centers and loan investments. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. As of December 31, 2016, it owned and managed approximately 106 million total square feet of gross leasable area (GLA).

Analyst Recommendations for DDR Corp. (NYSE:DDR)

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