DDR Corp (DDR) is Initiated by Mizuho to Neutral, Price Target at $19

DDR Corp (DDR) was Initiated by Mizuho to “Neutral” and the brokerage firm has set the Price Target at $19. Mizuho advised their investors in a research report released on Apr 14, 2016.

Many Wall Street Analysts have commented on DDR Corp. DDR Corp was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Jan 22, 2016.

On the company’s financial health, DDR Corp reported $0.31 EPS for the quarter, based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus estimate of $0.31. The company had revenue of $246.50 million for the quarter, compared to analysts expectations of $250.44 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

DDR Corp (DDR) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $17.4 and reached the intraday high at $17.48. The bulls started the profit booking and pushed the shares to intraday low of $17.35. The trading session was marked by a volume range of 12,65,582 shares exchanging hands. The 52-week high of the shares is $18.35 and the 52-week low is $14.71. The market cap of the company stands at $6,342 M and there are 36,53,11,570 shares in public circulation.

In a different news, on Aug 26, 2015, Robert H Gidel (director) purchased 1,300 shares at $15.85 per share price. According to the SEC, on May 29, 2015, Scott D Roulston (director) sold 1,090 shares at $17.12 per share price. On Apr 3, 2015, Terrance R Ahern (director) sold 5,650 shares at $25.48 per share price, according to the Form-4 filing with the securities and exchange commission.

DDR Corp. (DDR) is a self-administered and self-managed real estate investment trust (REIT). The Company is in the business of acquiring owning developing redeveloping expanding leasing and managing shopping centers. In addition the Company engages in the origination and acquisition of loans and debt securities which are generally collateralized directly or indirectly by shopping centers. The Company owns and manages approximately 415 shopping centers representing 118 million square feet in 41 states and Puerto Rico. DDR has completed 53 redevelopment projects. Its properties include Eastland Center in California Easton Market in Ohio and The Maxwell in Illinois.

DDR Corp

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