Mizuho Securities Initiates Coverage on DDR Corp to Neutral

Mizuho Securities Initiates Coverage on DDR Corp(NYSE:DDR). The shares have been rated Neutral. The rating by Mizuho Securities was issued on Apr 13, 2016.

In a different note, On Apr 1, 2016, Citigroup said it Maintains its rating on DDR Corp. In the research note, the firm Raises the price-target to $17.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 16, 2016, Credit Suisse said it Assumes its rating on DDR Corp. The shares have been rated ‘Outperform’ by the firm. On Jan 22, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on DDR Corp. The shares have been rated ‘Neutral’ by the firm.

DDR Corp (DDR) made into the market gainers list on Fridays trading session with the shares advancing 2.78% or 0.48 points. Due to strong positive momentum, the stock ended at $17.73, which is also near the day’s high of $17.88. The stock began the session at $17.4 and the volume stood at 42,35,822 shares. The 52-week high of the shares is $18.31 and the 52 week low is $14.71. The company has a current market capitalization of $6,477 M and it has 36,53,11,570 shares in outstanding.

DDR Corp(DDR) last announced its earnings results on Feb 11, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $0.31. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Aug 26, 2015, Robert H Gidel (director) purchased 1,300 shares at $15.85 per share price.Also, On Jun 24, 2015, Alexander Otto (director 10% owner) purchased 1,000,000 shares at $16.07 per share price.On May 29, 2015, Scott D Roulston (director) sold 1,090 shares at $17.12 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.

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