DDR (DDR) Has Been Downgraded Today by Citigroup to a Neutral

September 15, 2018 - By Alfred Lee

DDR Corp. (NYSE:DDR) Logo

Investors sentiment decreased to 0.02 in Q2 2018. Its down 1.03, from 1.05 in 2018Q1. It fall, 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 Limited Liability invested 0.07% of its portfolio in DDR Corp. (NYSE:DDR). Price Management stated it has 39,730 shares. Alps accumulated 27,029 shares or 0% of the stock. Macquarie Gp Limited reported 48,800 shares or 0% of all its holdings. 8,314 are owned by Whittier.

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

DDR (DDR) Receives a Downgrade

Citigroup has cut the rating for shares of DDR (DDR) to a solid Neutral in analysts note sent to investors and clients on Friday, 14 September. DDR’s previous rating by the firm was a Buy.

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. (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 EPS, 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 EPS 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: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For September 14, 2018” on September 14, 2018, also Seekingalpha.com with their article: “DDR Corp Deposit Shs Cum Red Pfd Shs K declares $0.39063 dividend” published on September 05, 2018, Businesswire.com published: “DDR Declares Common Stock Dividend of $0.20 for Third Quarter 2018” on September 08, 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 Series J declares $0.406250 dividend” with publication date: September 05, 2018.

DDR Corp. (NYSE:DDR) Ratings Chart

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