Zacks Investment Research recorded DDR Corp (NYSE:DDR), boosting its stock price target to $20.00 today
- Updated: October 3, 2016
Indicating a possible upside of 0.18%, Zacks Investment Research bumped up the target of DDR Corp (NYSE:DDR) to $20.00
Having a price of $16.96, DDR Corp (NYSE:DDR) traded -2.81% lower on the day. With the last close down -6.05% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. DDR has recorded a 50-day moving average of $18.27 and a 200-day moving average of $18.03. 4,473,462 shares of DDR traded hands, up from an average trading volume of 3,529,290
Recent Performance Chart
DDR Corp has 52 week low of $15.36 and a 52 week high of $19.92 with a PE ratio of 28.42 and has a market capitalization of $0.
Also covering DDR Corp's target, a total of 18 analysts have released a report on DDR. The one year target is $18.19 with 1 brokerage rating the stock a strong buy, 3 brokers rating the stock a buy, 17 equity analysts rating the company a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell.
General Information About DDR Corp (NYSE:DDR)
DDR Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: shopping centers and loan investments. The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, it engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. It 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. It leases approximately 10 million square feet, including over 510 new leases and approximately 810 renewals for over 1,330 leases. The Company's portfolio consists of over 350 shopping centers and over 1,000 acres of undeveloped land. The shopping centers are located in over 40 states, as well as Puerto Rico.
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