DDR (DDR) has risen sharply, recording gains of 3.32% in the past 4 weeks. However, the stock has corrected -2.23% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.81% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
DDR (NYSE:DDR): The stock opened at $19.48 on Friday but the bulls could not build on the opening and the stock topped out at $19.48 for the day. The stock traded down to $19.27 during the day, due to lack of any buying support eventually closed down at $19.30 with a loss of -0.92% for the day. The stock had closed at $19.48 on the previous day. The total traded volume was 1,093,034 shares.
The stock has recorded a 20-day Moving Average of 0.43% and the 50-Day Moving Average is 5.39%. DDR Corp. is up 5.29% in the last 3-month period. Year-to-Date the stock performance stands at 14.61%.
DDR (DDR) stock is expected to deviate a maximum of $1.26 from the average target price of $19.1 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $21 and the most muted being $17.
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.