DDR (DDR) : Traders are bullish on DDR (DDR) as it has outperformed the S&P 500 by a wide margin of 3.74% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.99%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.92% in the last 1 week, and is up 7.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.36% and the 50-Day Moving Average is 9.4%. DDR Corp. is up 12.8% in the last 3-month period. Year-to-Date the stock performance stands at 17.22%.
DDR (NYSE:DDR): stock turned positive on Friday. Though the stock opened at $19.34, the bulls momentum made the stock top out at $19.855 level for the day. The stock recorded a low of $19.32 and closed the trading day at $19.74, in the green by 1.28%. The total traded volume for the day was 1,879,003. The stock had closed at $19.49 in the previous days trading.
Also, Major Brokerage house, Credit Suisse downgrades its ratings on DDR (NYSE:DDR). In the latest research report, Credit Suisse maintains the target price to $18.5 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 27, 2016.
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.