Is it Now Time For Investors to Consider Selling DDR (NYSE:DDR) Stock? Citigroup Downgrades The Company

September 14, 2018 - By Ash Ash

DDR Corp. (NYSE:DDR) Logo

Investors sentiment decreased to 0.02 in 2018 Q2. Its down 1.03, from 1.05 in 2018Q1. It dived, 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.

Rocky Mountain Advisers Lc invested in 1,000 shares or 0.07% of the stock. Macquarie Grp Incorporated holds 0% of its portfolio in DDR Corp. (NYSE:DDR) for 48,800 shares. Whittier Tru Company holds 0.01% in DDR Corp. (NYSE:DDR) or 8,314 shares. Price Cap Management owns 0.35% invested in DDR Corp. (NYSE:DDR) for 39,730 shares. Alps Advsrs Inc invested 0% in DDR Corp. (NYSE:DDR).

Since March 22, 2018, it had 18 insider purchases, and 1 sale for $124.11 million activity. Roulston Scott D had sold 10,734 shares worth $176,774 on Wednesday, June 6.

DDR (NYSE:DDR) Receives a Downgrade

Citigroup downgraded shares of DDR (NYSE:DDR) from their old rating of a Buy to a Neutral in a research report released on Friday, 14 September. They currently have a $15 TP on the stock.

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 -10.67% below currents $13.4 stock price. DDR had 16 analyst reports since March 27, 2018 according to SRatingsIntel. The rating was downgraded by Evercore on Monday, June 11 to “Underperform”. The company was upgraded on Wednesday, April 25 by Evercore. RBC Capital Markets maintained it with “Hold” rating and $800 target in Tuesday, April 24 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, July 17. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, July 3. The firm earned “Neutral” rating on Tuesday, May 1 by JP Morgan. The stock of DDR Corp. (NYSE:DDR) earned “Hold” rating by Jefferies on Friday, April 13. As per Tuesday, April 24, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating given on Tuesday, August 28 by Deutsche Bank. Stifel Nicolaus maintained DDR Corp. (NYSE:DDR) rating on Thursday, May 24. Stifel Nicolaus has “Hold” rating and $15.5 target.

The stock decreased 6.36% or $0.91 during the last trading session, reaching $13.4. About 4.70 million shares traded or 114.17% up from the average. DDR Corp. (NYSE:DDR) has declined 13.64% since September 15, 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 $57.05M for 10.81 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 $2.47 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: Businesswire.com which released: “DDR Declares Common Stock Dividend of $0.20 for Third Quarter 2018” on September 08, 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: Seekingalpha.com and their article: “DDR Corp Deposit Shs Cum Red Pfd Registered Shs A declares $0.39844 dividend” published on September 05, 2018 as well as Seekingalpha.com‘s news article titled: “DDR Corp Deposit Shs Cum Red Pfd Shs K declares $0.39063 dividend” with publication date: September 05, 2018.

DDR Corp. (NYSE:DDR) Ratings Chart

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