DDR (DDR) – Analysts’ Weekly Ratings Updates

DDR (NYSE: DDR) has recently received a number of price target changes and ratings updates:

  • 2/5/2018 – DDR was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of DDR Corp. underperformed the industry it belongs to in the past six months. Moreover, the Zacks Consensus Estimate for 2018 funds from operations (FFO) per share was revised southward in two months’ time. Notably, in December 2017, DDR announced the decision of its board of directors to spin-off a portfolio of 50 sellable assets into a separate public-traded REIT. This move will help the company streamline its portfolio and focus on core markets. Further, aggressive capital-recycling program is expected to drive its growth over the long term. However, the choppy retail real estate environment is anticipated to limit demand for space in the near term, thanks to the shift in customers’ shopping preferences toward online purchases. Also, aggressive asset divestures is likely to have a dilutive effect on earnings. Moreover, hike in interest rate add to its woes.”
  • 2/2/2018 – DDR was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/23/2018 – DDR was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of DDR Corp. outperformed the industry it belongs to in the past three months. The Zacks Consensus Estimate for fourth-quarter 2017 funds from operations (FFO) per share remained stable in a month’s time. Notably, in December 2017, DDR announced the decision of its board of directors to spin-off a portfolio of 50 sellable assets into a separate public-traded REIT. The move will help the company streamline its portfolio and focus on core markets. Further, aggressive capital-recycling program and balance-sheet improvement efforts are expected to drive its growth over the long term. Nevertheless, the choppy retail real estate environment, thanks to the shift in customers’ shopping preferences toward online purchases, remains a concern. Also, aggressive asset divestures have a dilutive effect on earnings.”
  • 1/22/2018 – DDR was given a new $9.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 1/15/2018 – DDR was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of DDR Corp. underperformed the industry it belongs to in the past six months. The stock has seen the Zacks Consensus Estimate for funds from operations (FFO) per share for 2017 remaining stable, while the same for 2018 moving south in a month’s time. In December 2017, DDR announced the decision of its board of directors to spin-off a portfolio of 50 sellable assets into a separate public-traded REIT. The move will help the company streamline its portfolio and focus on core markets. Nevertheless, the choppy retail real estate environment, thanks to the shift in customers’ shopping preferences toward online purchases, remains a concern. Further, aggressive asset divestures have a dilutive effect on earnings. Rate hike add to the company’s woes. However, aggressive capital-recycling program and balance-sheet improvement efforts have the capability to drive its growth over the long term.”
  • 12/31/2017 – DDR was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/18/2017 – DDR was given a new $9.00 price target on by analysts at Mizuho. They now have a “hold” rating on the stock.
  • 12/18/2017 – DDR had its “sell” rating reaffirmed by analysts at Boenning Scattergood.
  • 12/15/2017 – DDR had its “equal weight” rating reaffirmed by analysts at Capital One Financial Corp..
  • 12/15/2017 – DDR had its “buy” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 12/15/2017 – DDR had its “buy” rating reaffirmed by analysts at Citigroup Inc.
  • 12/14/2017 – DDR had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $8.25 price target on the stock.

Shares of DDR Corp (NYSE:DDR) opened at $7.24 on Friday. 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 firm has a market cap of $2,748.75, a price-to-earnings ratio of -181.00, a price-to-earnings-growth ratio of 1.47 and a beta of 0.60. DDR Corp has a twelve month low of $7.21 and a twelve month high of $15.57.

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).

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