DDR (NYSE:DDR) Receives Lower Rating From Citigroup. What’s The Reasoning Behind This Move?

September 14, 2018 - By Joseph Taylor

DDR Corp. (NYSE:DDR) Logo

Investors sentiment decreased to 0.02 in 2018 Q2. Its down 1.03, from 1.05 in 2018Q1. It is negative, as 187 investors sold DDR Corp. shares while 2 reduced holdings. 3 funds opened positions while 1 raised stakes. 146,153 shares or 99.95% less from 300.66 million shares in 2018Q1 were reported.

Alps Advsr reported 0% in DDR Corp. (NYSE:DDR). Rocky Mountain Advisers Ltd Liability Corporation reported 0.07% of its portfolio in DDR Corp. (NYSE:DDR). Macquarie Gru Ltd has 0% invested in DDR Corp. (NYSE:DDR). Price accumulated 39,730 shares. Whittier Trust has 8,314 shares for 0.01% of their portfolio.

Since March 22, 2018, it had 18 insider purchases, and 1 sale for $124.11 million activity. Roulston Scott D also sold $176,774 worth of DDR Corp. (NYSE:DDR) on Wednesday, June 6.

DDR (NYSE:DDR) Receives a Downgrade

The old rating for DDR (NYSE:DDR) shares of a “Buy” has been discontinued, as research analysts at Citigroup lowered the current rating for DDR (NYSE:DDR) shares to a “Neutral”.

DDR Corp. (NYSE:DDR) Ratings Coverage

Among 10 analysts covering DDR (NYSE:DDR), 1 have Buy rating, 1 Sell and 8 Hold. Therefore 10% are positive. DDR has $1800 highest and $7.2500 lowest target. $11.97’s average target is -10.47% below currents $13.37 stock price. DDR had 16 analyst reports since March 27, 2018 according to SRatingsIntel. Deutsche Bank downgraded the shares of DDR in report on Tuesday, August 28 to “Hold” rating. Jefferies maintained DDR Corp. (NYSE:DDR) rating on Friday, April 13. Jefferies has “Hold” rating and $7.5000 target. Citigroup maintained DDR Corp. (NYSE:DDR) rating on Tuesday, July 31. Citigroup has “Buy” rating and $16 target. The firm earned “Hold” rating on Friday, April 20 by SunTrust. The firm has “Hold” rating given on Tuesday, April 24 by RBC Capital Markets. Stifel Nicolaus maintained it with “Hold” rating and $14.25 target in Tuesday, July 3 report. Stifel Nicolaus maintained the shares of DDR in report on Thursday, May 24 with “Hold” rating. Stifel Nicolaus maintained it with “Hold” rating and $7.2500 target in Tuesday, April 24 report. Deutsche Bank maintained DDR Corp. (NYSE:DDR) rating on Tuesday, April 17. Deutsche Bank has “Buy” rating and $10 target. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, July 17 report.

The stock decreased 6.57% or $0.94 during the last trading session, reaching $13.37. About 4.02 million shares traded or 83.04% up from the average. DDR Corp. (NYSE:DDR) has declined 13.64% since September 14, 2017 and is downtrending. It has underperformed by 29.26% the S&P500.

Analysts await DDR Corp. (NYSE:DDR) to report earnings on November, 1. They expect $0.31 earnings per share, down 48.33 % or $0.29 from last year’s $0.6 per share. DDR’s profit will be $57.04M for 10.78 P/E if the $0.31 EPS becomes a reality. After $0.49 actual earnings per share reported by DDR Corp. for the previous quarter, Wall Street now forecasts -36.73 % negative EPS growth.

DDR Corp. is an equity real estate investment trust. The company has market cap of $2.46 billion. It invests in the real estate markets of the United States and Puerto Rico. It currently has negative earnings. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers.

More notable recent DDR Corp. (NYSE:DDR) news were published by: Seekingalpha.com which released: “DDR Corp Deposit Shs Cum Red Pfd Shs Series J declares $0.406250 dividend” on September 05, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For September 14, 2018” published on September 14, 2018, Benzinga.com published: “32 Stocks Moving In Friday’s Mid-Day Session” on September 14, 2018. More interesting news about DDR Corp. (NYSE:DDR) were released by: Businesswire.com and their article: “DDR Declares Common Stock Dividend of $0.20 for Third Quarter 2018” published on September 08, 2018 as well as Seekingalpha.com‘s news article titled: “DDR Corp Deposit Shs Cum Red Pfd Registered Shs A declares $0.39844 dividend” with publication date: September 05, 2018.

DDR Corp. (NYSE:DDR) Ratings Chart

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