DDR (DDR) : Analyst Rating Update

DDR (DDR) : 15 analysts are covering DDR (DDR) and their average rating on the stock is 2.73, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 13 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

DDR (DDR) : The highest level DDR (DDR) is projected to reach is $19 for the short term and the lowest estimate is at $17. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $18.23 and the possibility the share price can swing is $0.88.

DDR (NYSE:DDR): The stock opened at $18.78 on Wednesday but the bulls could not build on the opening and the stock topped out at $18.84 for the day. The stock traded down to $18.50 during the day, due to lack of any buying support eventually closed down at $18.64 with a loss of -0.96% for the day. The stock had closed at $18.82 on the previous day. The total traded volume was 2,361,946 shares.

Also, Jefferies initiates coverage on DDR (NYSE:DDR).The analysts at the brokerage house have a current rating of Hold on the shares. The rating by the firm was issued on June 30, 2016. The company shares have rallied 18.44% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $18.82 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $17.44 and the 200 Day Moving Average price is recorded at $17.13.

DDR Corp. (DDR) is a self-administered and self-managed real estate investment trust (REIT). The Company 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 Company owns and manages approximately 415 shopping centers representing 118 million square feet in 41 states and Puerto Rico. DDR has completed 53 redevelopment projects. Its properties include Eastland Center in California, Easton Market in Ohio and The Maxwell in Illinois.

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