DDR (DDR) Receives Price Target

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.

DDR (DDR) : 1 brokerage houses believe that DDR (DDR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on DDR (DDR). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Hold with a rating of 3.


Also, BTIG Research initiates coverage on DDR (NYSE:DDR). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 25, 2016.

DDR (NYSE:DDR): The stock opened at $18.89 on Thursday but the bulls could not build on the opening and the stock topped out at $18.90 for the day. The stock traded down to $18.60 during the day, due to lack of any buying support eventually closed down at $18.68 with a loss of -1.22% for the day. The stock had closed at $18.91 on the previous day. The total traded volume was 2,853,367 shares.

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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