The stock of DDR Corp (NYSE:DDR) hit a new 52-week low and has $13.84 target or 9.00% below today’s $15.21 share price. The 7 months bearish chart indicates high risk for the $5.57B company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $13.84 price target is reached, the company will be worth $501.30M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. DDR Corp (NYSE:DDR) has declined 12.83% since March 30, 2016 and is downtrending. It has underperformed by 15.84% the S&P500.
DDR Corp (NYSE:DDR) Ratings Coverage
Out of 17 analysts covering Developers Diversified Realty (NYSE:DDR), 2 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 12% are positive. Developers Diversified Realty has been the topic of 25 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of DDR Corp (NYSE:DDR) earned “Buy” rating by Deutsche Bank on Friday, August 7. The firm has “Buy” rating by Bank of America given on Thursday, August 6. The firm has “Neutral” rating given on Tuesday, October 18 by Boenning & Scattergood. On Tuesday, September 8 the stock rating was maintained by Evercore with “Hold”. The stock of DDR Corp (NYSE:DDR) earned “Hold” rating by Jefferies on Tuesday, January 12. The rating was downgraded by Suntrust Robinson on Friday, January 22 to “Neutral”. The firm has “Hold” rating given on Monday, July 18 by Deutsche Bank. The firm earned “Underperform” rating on Thursday, August 25 by Bank of America. On Tuesday, July 26 the stock rating was initiated by Raymond James with “Outperform”. Mizuho downgraded the stock to “Underperform” rating in Monday, July 11 report.
According to Zacks Investment Research, “DDR Corp. is a real estate investment trust that owns and manages retail properties in the continental United States, Puerto Rico and Brazil. Its portfolio primarily features shopping centers. DDR Corp. is headquartered in Beachwood, Ohio.”
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.19, from 1.26 in 2016Q1. The ratio increased, as 11 funds sold all DDR Corp shares owned while 73 reduced positions. 38 funds bought stakes while 84 increased positions. They now own 321.74 million shares or 1.06% less from 325.20 million shares in 2016Q1.
Quantitative Investment Mgmt Ltd Com holds 0.05% or 59,600 shares in its portfolio. Glenmede Tru Na owns 4,128 shares or 0% of their US portfolio. Manufacturers Life Ins Comm The has 10,362 shares for 0% of their US portfolio. Metropolitan Life Insurance Ny owns 25,326 shares or 0% of their US portfolio. The New York-based Millennium Ltd Company has invested 0.11% in DDR Corp (NYSE:DDR). Kemper Corp Master Retirement Trust accumulated 0.38% or 33,680 shares. The Utah-based Utah Retirement has invested 0.03% in DDR Corp (NYSE:DDR). The Illinois-based Goodwin Daniel L has invested 0.43% in DDR Corp (NYSE:DDR). Retirement Of Alabama accumulated 344,000 shares or 0.04% of the stock. Synovus Financial Corporation holds 30 shares or 0% of its portfolio. Nationwide Fund last reported 30,078 shares in the company. Alliancebernstein Lp holds 3.49 million shares or 0.05% of its portfolio. Alpine Woods Capital Ltd Liability Corp has 0.03% invested in the company for 25,075 shares. Bnp Paribas Arbitrage has 0% invested in the company for 46,899 shares. Dalton Greiner Hartman Maher & Co has 0.02% invested in the company for 21,300 shares.
Insider Transactions: Since May 5, 2016, the stock had 1 buy, and 1 sale for $209,717 net activity. GIDEL ROBERT H sold $312,056 worth of DDR Corp (NYSE:DDR) on Friday, July 29. 5,500 shares with value of $102,339 were bought by Roulston Scott D on Tuesday, August 23. $520,902 worth of DDR Corp (NYSE:DDR) was sold by Freddo Paul W.
Another recent and important DDR Corp (NYSE:DDR) news was published by Streetinsider.com which published an article titled: “DDR Corp. (DDR) Tops Q3 FFO by 2c” on October 26, 2016.
DDR Company Profile
DDR Corp., incorporated on November 20, 1992, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates through two divisions: shopping centers and loan investments. The Firm 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 Firm owns and manages approximately 110 million total square feet of gross leasable area (GLA). The properties include discounters, warehouse clubs, dollar stores and specialty grocers as additional anchors or tenants. The Firm leases approximately 10 million square feet, including over 510 new leases and approximately 810 renewals for over 1,330 leases.
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