UBS Upgrades DDR Corp to Neutral

Brokerage firm UBS Upgrades its rating on DDR Corp(DDR). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by the stock financial advisor at UBS was issued on Mar 23, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 13, 2017, Sandler O’Neill said it Downgrades its rating on DDR Corp. According to the research note, Sandler O’Neill Lowers the price target to $14 per share from a prior target of $16. The shares have been rated ‘Hold’ by the firm. On Mar 6, 2017, Morgan Stanley said it Upgrades its rating on DDR Corp. The shares have been rated ‘Equal-Weight’ by the firm. On Jan 30, 2017, Citigroup said it Upgrades its rating on DDR Corp. The shares have been rated ‘Buy’ by the firm.

DDR Corp (DDR) made into the market gainers list on Fridays trading session with the shares advancing 0.16% or 0.02 points. Due to strong positive momentum, the stock ended at $12.74, which is also near the day’s high of $12.855. The stock began the session at $12.75 and the volume stood at 25,54,956 shares. The 52-week high of the shares is $19.92 and the 52 week low is $12.37. The company has a current market capitalization of $4,670 M and it has 36,65,41,650 shares in outstanding.

DDR Corp(DDR) last announced its earnings results on Feb 13, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $232.168M. Analysts had an estimated revenue of $240.830M. Earnings per share were $0.3.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2017, Thomas Finne (director) purchased 2,000 shares at $13.47 per share price.Also, On Mar 10, 2017, Terrance R Ahern (director) purchased 76,000 shares at $13.11 per share price.On Dec 27, 2016, Alexander Otto (director 10% owner) purchased 84,000 shares at $14.86 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.

Add Comment