Trade Report: Today, DDR Corp. (DDR) Upgrade to Neutral at Mizuho

Today, DDR Corp. (DDR) Upgrade to Neutral at Mizuho

DDR Corp. (NYSE:DDR) was upgraded by investment analysts at Mizuho from an “underperform” rating to a “neutral” rating in a report released on Monday. The brokerage currently has a $15.00 price target on the real estate investment trust’s stock. Mizuho’s price target points to a potential downside of 1.25% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Bank of America Corp. downgraded shares of DDR Corp. from a “buy” rating to a “neutral” rating in a research report on Monday, July 11th. Zacks Investment Research raised shares of DDR Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Monday, October 3rd. Jefferies Group reissued a “hold” rating on shares of DDR Corp. in a research report on Tuesday, September 13th. KeyCorp set a $21.00 target price on shares of DDR Corp. and gave the stock a “buy” rating in a research report on Thursday, October 6th. Finally, Boenning Scattergood downgraded shares of DDR Corp. from an “outperform” rating to a “neutral” rating and set a $15.50 target price for the company. in a research report on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.62.

Shares of DDR Corp. (NYSE:DDR) opened at 15.19 on Monday. The firm has a market cap of $5.55 billion, a P/E ratio of 59.11 and a beta of 0.94. The company has a 50-day moving average of $15.58 and a 200-day moving average of $17.53. DDR Corp. has a 12 month low of $14.67 and a 12 month high of $19.92.

DDR Corp. (NYSE:DDR) last issued its quarterly earnings data on Wednesday, October 26th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. DDR Corp. had a net margin of 12.17% and a return on equity of 3.93%. The firm had revenue of $245.20 million for the quarter, compared to analyst estimates of $243.84 million. During the same quarter in the previous year, the business posted $0.31 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. Equities analysts forecast that DDR Corp. will post $1.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Tuesday, December 13th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Friday, December 9th. DDR Corp.’s payout ratio is 281.49%.

In related news, Director Alexander Otto purchased 218,699 shares of DDR Corp. stock in a transaction dated Thursday, November 17th. The stock was bought at an average cost of $14.98 per share, with a total value of $3,276,111.02. Following the purchase, the director now owns 42,517,920 shares in the company, valued at approximately $636,918,441.60. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas F. August purchased 30,100 shares of DDR Corp. stock in a transaction dated Monday, October 31st. The stock was bought at an average cost of $15.22 per share, with a total value of $458,122.00. Following the completion of the purchase, the insider now owns 25,000 shares in the company, valued at approximately $380,500. The disclosure for this purchase can be found here. Company insiders own 16.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of DDR Corp. by 2,638.3% in the second quarter. Tower Research Capital LLC TRC now owns 8,215 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 7,915 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of 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 worth $158,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of DDR Corp. by 49.6% in the third quarter. PNC Financial Services Group Inc. now owns 9,181 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 3,044 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of DDR Corp. during the third quarter worth $181,000. Finally, 1st Global Advisors Inc. raised its stake in shares of DDR Corp. by 2.0% in the third quarter. 1st Global Advisors Inc. now owns 12,962 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 248 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

DDR Corp. Company Profile

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