DDR’s (DDR) Buy Rating Reaffirmed at Citigroup

Citigroup reiterated their buy rating on shares of DDR (NYSE:DDR) in a report released on Friday.

Several other research analysts also recently commented on DDR. KeyCorp reissued a buy rating and issued a $13.00 price objective on shares of DDR in a research note on Friday, September 1st. ValuEngine downgraded DDR from a buy rating to a hold rating in a research note on Friday, September 1st. Boenning Scattergood downgraded DDR from a neutral rating to an under perform rating in a research note on Tuesday, October 3rd. Zacks Investment Research raised DDR from a hold rating to a buy rating and set a $10.00 target price for the company in a research note on Wednesday, October 4th. Finally, Mizuho reaffirmed a hold rating and issued a $10.00 target price on shares of DDR in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $11.36.

DDR (DDR) opened at $8.79 on Friday. DDR has a 52 week low of $7.26 and a 52 week high of $15.57. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $3,264.60, a price-to-earnings ratio of 7.38, a P/E/G ratio of 1.54 and a beta of 0.76.

DDR (NYSE:DDR) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. DDR had a return on equity of 3.48% and a net margin of 1.11%. The firm had revenue of $220.10 million during the quarter, compared to the consensus estimate of $218.58 million. During the same period in the prior year, the company earned $0.33 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. equities analysts predict that DDR will post 1.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend is Monday, December 11th. DDR’s dividend payout ratio (DPR) is presently -1,900.00%.

Several large investors have recently modified their holdings of DDR. Sigma Planning Corp acquired a new stake in shares of DDR during the 2nd quarter worth about $100,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of DDR during the 2nd quarter worth about $104,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of DDR during the 2nd quarter worth about $111,000. Janney Montgomery Scott LLC acquired a new stake in shares of DDR during the 2nd quarter worth about $121,000. Finally, 1st Global Advisors Inc. acquired a new stake in shares of DDR during the 2nd quarter worth about $131,000. 80.04% of the stock is owned by hedge funds and other institutional investors.

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About DDR

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 (NYSE:DDR)

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