DDR (DDR) Receives ‘Analyst’ Rating

DDR (DDR) : The consensus on DDR (DDR) based on 15 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on DDR (DDR).

DDR (DDR) : The highest short term price target forecast on DDR (DDR) is $21 and the lowest target price is $17. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $19.18 with a standard deviation of $1.27.


Also, BTIG Research initiates coverage on DDR (NYSE:DDR). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on August 25, 2016.

DDR (NYSE:DDR): After opening at $17.57, the stock dipped to an intraday low of $17.47 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.68 and the buying power remained strong till the end. The stock closed at $17.66 for the day, a gain of 0.34% for the day session. The total traded volume was 2,631,222. The stocks close on the previous trading day was $17.6.

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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