DDR (DDR) is Downgraded by CapitalOne to Equal Weight

DDR (DDR) is Downgraded by CapitalOne to Equal Weight , according to the research report released to the investors. Earlier the firm had a rating of Overweight on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of DDR Corp. (NYSE:DDR) ended Thursday session in red amid volatile trading. The shares closed down 0.22 points or 1.3% at $16.74 with 2,340,976 shares getting traded. Post opening the session at $16.96, the shares hit an intraday low of $16.73 and an intraday high of $16.985 and the price vacillated in this range throughout the day. The company has a market cap of $6,062 million and the number of outstanding shares has been calculated to be 362,129,770 shares. The 52-week high of DDR Corp. (NYSE:DDR) is $20.405 and the 52-week low is $14.71.

During the last several months other analysts have commented on the company rating. Jefferies maintains their rating on the shares of DDR Corp. (NYSE:DDR). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $20 per share from $23 per share. The rating by the firm was issued on October 23, 2015.

As many as 14 brokerage firms have rated DDR Corp. (NYSE:DDR) at 1.89. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. The stock garnered a place in the hold list of 6 stock Analysts. 1 analysts suggested buying the company. 7 analysts rated the company as a strong buy.

DDR Corp. (NYSE:DDR): According to 11 Analysts, The short term target price has been estimated at $ 19.09.The target price could deviate by a maximum of $1.14 from the forecast price. In the near term, the target price could hit a high of $21 and a low of $ 17.

Shares of DDR Corp. appreciated by 2.07% during the last five trading days but lost 0.42% on a 4-week basis. DDR Corp. is up 8.77% in the last 3-month period. Year-to-Date the stock performance stands at -8.82%.”

DDR Corp. (DDR) is an owner and manager of 456 shopping centers representing 125 million square feet in 42 states and Puerto Rico. DDR is a self-administered and self-managed real estate investment trust (REIT). In July 2014, DDR Corp acquired four undisclosed power centers located in Chicago, Sacramento, Cincinnati, and Colorado Springs.