DDR Corp (DDR) is Downgraded by Mizuho to Underperform, Price Target at $17

DDR Corp (DDR) was Downgraded by Mizuho to ” Underperform” and the brokerage firm has set the Price Target at $17. Earlier the firm had a rating of “Neutral ” on the company shares. Mizuho advised their investors in a research report released on Jul 11, 2016.

Many Wall Street Analysts have commented on DDR Corp. DDR Corp was Resumed by Jefferies to “Hold” on Jun 30, 2016. DDR Corp was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 15, 2016. Mizuho Initiated DDR Corp on Apr 14, 2016 to “Neutral”, Price Target of the shares are set at $19.

On the company’s financial health, DDR Corp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.30. The company had revenue of $246.30 million for the quarter, compared to analysts expectations of $249.54 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

DDR Corp opened for trading at $18.4 and hit $18.72 on the upside on Friday, eventually ending the session at $18.68, with a gain of 2.19% or 0.4 points. The heightened volatility saw the trading volume jump to 34,53,113 shares. Company has a market cap of $6,826 M.

In a different news, on Jun 28, 2016, Christa A Vesy (Exec. V.P. & Chief Acct. Off.) sold 5,000 shares at $17.38 per share price. According to the SEC, on May 9, 2016, Paul W Freddo (Sr. Exec. Vice President) sold 28,939 shares at $18.00 per share price. On Aug 26, 2015, Robert H Gidel (director) purchased 1,300 shares at $15.85 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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