Trading Report: The KeyCorp Analysts Give DDR Corp. (DDR) a $21.00 Price Target

The KeyCorp Analysts Give DDR Corp. (DDR) a $21.00 Price Target

DDR Corp. (NYSE:DDR) has been assigned a $21.00 price objective by analysts at KeyCorp in a research note issued on Thursday. The firm currently has a a “buy” rating on the real estate investment trust’s stock. KeyCorp’s target price would indicate a potential upside of 27.74% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Citigroup Inc. increased their target price on shares of DDR Corp. from $18.50 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, August 12th. Credit Suisse Group AG downgraded shares of DDR Corp. from an “outperform” rating to a “neutral” rating and set a $18.50 target price for the company. in a research report on Wednesday, July 27th. Jefferies Group reiterated a “hold” rating on shares of DDR Corp. in a research report on Tuesday, August 23rd. Canaccord Genuity increased their target price on shares of DDR Corp. from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, August 16th. Finally, Deutsche Bank AG increased their target price on shares of DDR Corp. from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. DDR Corp. currently has a consensus rating of “Hold” and an average target price of $19.04.

Shares of DDR Corp. (NYSE:DDR) traded down 0.30% during mid-day trading on Thursday, hitting $16.39. The stock had a trading volume of 1,864,558 shares. DDR Corp. has a 52-week low of $15.36 and a 52-week high of $19.92. The firm has a 50 day moving average price of $18.04 and a 200 day moving average price of $18.01. The firm has a market cap of $5.98 billion, a PE ratio of 27.50 and a beta of 1.00.

DDR Corp. (NYSE:DDR) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. DDR Corp. had a net margin of 24.27% and a return on equity of 7.76%. The company earned $245.90 million during the quarter, compared to the consensus estimate of $243.03 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Equities analysts predict that DDR Corp. will post $1.26 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Friday, September 23rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $0.76 annualized dividend and a yield of 4.62%. DDR Corp.’s dividend payout ratio is 126.67%.

In other DDR Corp. news, Director Robert H. Gidel sold 16,000 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $19.50, for a total value of $312,000.00. Following the sale, the director now directly owns 51,954 shares in the company, valued at approximately $1,013,103. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott D. Roulston purchased 5,500 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was bought at an average price of $18.61 per share, for a total transaction of $102,355.00. Following the completion of the transaction, the director now directly owns 18,723 shares in the company, valued at $348,435.03. The disclosure for this purchase can be found here. 16.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its stake in DDR Corp. by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,900 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 100 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in DDR Corp. by 1.0% in the first quarter. BlackRock Japan Co. Ltd now owns 16,176 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 154 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in DDR Corp. by 1.0% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 21,300 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 219 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in DDR Corp. by 1.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 25,326 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 361 shares in the last quarter. Finally, World Asset Management Inc raised its stake in DDR Corp. by 6.5% in the second quarter. World Asset Management Inc now owns 14,895 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 907 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

DDR Corp. Company Profile

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