Short Term Price Target on DDR (DDR)

DDR (NYSE:DDR) : The highest level DDR (NYSE:DDR) is projected to reach is $19 for the short term and the lowest estimate is at $17. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $18.23 and the possibility the share price can swing is $0.88.

Shares of DDR Corp. rose by 3.66% in the last five trading days and 4.67% for the last 4 weeks. DDR Corp. is up 2.37% in the last 3-month period. Year-to-Date the stock performance stands at 7.72%. Also, Major Brokerage house, KeyBanc upgrades its ratings on DDR (NYSE:DDR). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Sector Weight rating on the shares. The rating by the firm was issued on April 15, 2016.

DDR (NYSE:DDR) : 2 brokerage houses believe that DDR (NYSE:DDR) is a Strong Buy at current levels. 13 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on DDR (NYSE:DDR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 15 Wall Street Analysts endorse the stock as a Hold with a rating of 2.73.

DDR (NYSE:DDR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.08 and $17.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.14, notching a gain of 0.50% for the day. The total traded volume was 4,273,176 . The stock had closed at $18.05 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Freddo Paul W, officer (Sr. Exec. Vice President) of Ddr Corp, had unloaded 28,939 shares at an average price of $18 in a transaction dated on May 5, 2016. The total value of the transaction was worth $520,902.

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.

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