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DDR Corp

Type: Company

Name: DDR Corp

First reported 2 hours ago - Updated 2 hours ago - 1 reports

New York Stock Exchange

DDR Stock Rating Upgraded by Jefferies Group (DDR)

DDR (NYSE: DDR)The analysts wrote, ?DDR remains focused on internal as well as external growth. The continued balance sheet improvement was just rewarded by Fitch on 05/22 with an upgrade to BBB- (investment grade) from BB+, with a stable outlook. We ... [Published American Banking News - 2 hours ago]

Entities: DDR Corp, Jefferies Group Inc, Dividend, New York Stock Exchange

First reported 3 hours ago - Updated 3 hours ago - 1 reports

Bank of New York Mellon Corp

The Zacks Analyst Blog Highlights: Bank of New York Mellon, JPMorgan Chase, Goldman Sachs Group, DDR Zacks

– Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include The Bank of ... [Published Yahoo! Finance - 3 hours ago]

Entities: DDR Corp, Bank of New York Mellon Corp, Zacks Equity Research, Goldman Sachs Group Inc

First reported 4 hours ago - Updated 4 hours ago - 1 reports

UPDATE: Jefferies Raises PT on DDR Corp on Further Multiple Expansion

In a report published on Friday, Jefferies analyst Omotayo Okusanya raised the price target on DDR Corp (NYSE: DDR) and upgraded it to a Buy rating.In the report, Jefferies noted, "DDR remains focused on internal as well as external growth. The continued ... [Published Benzinga.com - 4 hours ago]

Entities: DDR Corp, EBITDA, Dividend

First reported 4 hours ago - Updated 4 hours ago - 1 reports

iPad

Jefferies Upgrades DDR Corp. (DDR) to Buy

Jefferies upgraded DDR Corp. (NYSE: DDR) from Hold to Buy with a price target of $22.00 (from $20.00).Analyst Omotayo Okusanya comments, "Post ICSC, we are convinced that DDR will hit its 5-year operating plan early, which should move DDR closer towards ... [Published Street Insider - 4 hours ago]

Entities: DDR Corp, iPad, iPhone

First reported 4 hours ago - Updated 4 hours ago - 1 reports

DDR Stock Rating Upgraded by Jefferies Group (DDR)

DDR (NYSE: DDR) was upgraded by equities research analysts at Jefferies Group from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports.Several other analysts have also recently commented ... [Published Mideast Time - 4 hours ago]

Entities: DDR Corp, Jefferies Group Inc, Dividend, New York Stock Exchange

First reported 18 hours ago - Updated 18 hours ago - 1 reports

Ulta Salon Cosmetics & Fragrance Inc

DDR Opens New Shopping Center in Charlotte Zacks

Recently, DDR Corp. (DDR) announced the opening of a new prime power center – Belgate Shopping Center – in N.C. The shopping center reflects the real estate investment trust (:REIT)’s first ground-up domestic expansion in more than 4 years.Charlotte-based ... [Published Yahoo! Finance - 18 hours ago]

Entities: DDR Corp, Charlotte Area Transit System, Ulta Salon Cosmetics & Fragrance Inc, Shoe Carnival Inc, Atlanta

First reported 18 hours ago - Updated 18 hours ago - 1 reports

US Bancorp

DDR Prices Senior Notes Zacks

DDR Corp. (DDR), a real estate investment trust (:REIT), recently priced an underwritten public offering of unsecured senior notes worth $300 million at 99.397%, with a yield to maturity of 3.447%. The notes, scheduled to mature in 2023, bear an interest ... [Published Yahoo! Finance - 18 hours ago]

Entities: DDR Corp, US Bancorp, Royal Bank of Scotland Group PLC

First reported 20 hours ago - Updated 20 hours ago - 1 reports

Fitch Raises DDR's Rating Zacks

Fitch Ratings upgraded the Issuer Default Rating (:IDR) of DDR Corp. (DDR) to 'BBB-' from 'BB+'. The outlook was changed to 'Stable' from 'Positive.' The rating upgrade follows the company’s recent disclosure regarding the acquisition of a portfolio of ... [Published Yahoo! Finance - 20 hours ago]

Entities: DDR Corp, The Blackstone Group LP, Fitch Ratings, Acadia Realty Trust, The Macerich Co

First reported May 23 2013 - Updated May 23 2013 - 1 reports

Fitch Upgrades DDR’s IDR to BBB-

Fitch Ratings has upgraded the credit ratings of DDR Corp . The rating outlook has been revised to stable from positive. The upgrade of the IDR to ‘BBB-’ reflects that pro forma for the $1.46 billion acquisition of a portfolio of power centers from ... [Published PE Hub News - May 23 2013]

Entities: DDR Corp, Fitch Ratings, Preferred Shares, The Blackstone Group LP

First reported May 23 2013 - Updated May 23 2013 - 1 reports

28.2% Return Seen to Date on SmarTrend DDR Call (DDR)

SmarTrend identified an Uptrend for DDR (NYSE:DDR) on July 3rd, 2012 at $14.80. In approximately 11 months, DDR has returned 28.15% as of today's recent price of $18.96.DDR share prices have moved between a 52-week high of $19.54 and a 52-week low of ... [Published Comtex SmarTrend - May 23 2013]

Entities: DDR Corp, Stocks, watchlist

First reported May 22 2013 - Updated May 22 2013 - 1 reports

Fitch Lifts DDR Out of Junk Grade on Recent Acquisition

,Kristin Jones,(c) 2013 Dow Jones & Company, Inc.Fitch Ratings lifted DDR Corp . out of junk territory after the mall owner acquired a portfolio of shopping centers from its joint venture with Blackstone Group L.P .Fitch raised DDR's issuer default ... [Published Dow Jones Financial Information Services - May 22 2013]

Entities: DDR Corp, Fitch Ratings, Acquisition, Kristin Jones

First reported May 22 2013 - Updated May 22 2013 - 2 reports

Westfield Group remain tight-lipped about Starwood deal

Photo credit: My-Retail MediaWestfield Group are allegedly in the early stages of agreeing a deal with Starwood Capital Group to sell seven of its U.S. shopping malls, according to Reuters.Private real estate investment company, Starwood Capital Group, ... [Published My Retail Media - May 22 2013]

Entities: Westfield Group Ltd, Starwood Capital Group, DDR Corp, The Blackstone Group LP, United States

Quotes

In the report, Jefferies noted, "DDR remains focused on internal as well as external growth. The continued balance sheet improvement was just rewarded by Fitch on 05/22 with an upgrade to BBB- (investment grade) from BB+, with a stable outlook. We believe management is making impressive progress in regards to its 5-Year Plan which calls for 1) a 96.5% leased rate (currently at 94.4%); 2) SS NOI growth of 2.0%-2.5% (3.3% currently); 3) investment grade ratings from all three credit rating agencies (now achieved); 4) greater than 95% of NOI from high quality prime assets (now at 89.4%), and 5) Consolidated Debt/EBITDA 6.0x (now at 7.2x). In our view, successful execution of the 5-Year Plan (which we now expect to happen early) should result in 1) improved FFO/sh growth in 2014 and 2015 (we estimate 8%, 10% and 12% FFO/growth in 2013, 2014 and 2015); 2) improved NAV/sh growth; 3) further growth in the dividend, and 4) further multiple expansion."

UPDATE: Jefferies Raises PT on DDR Corp on Further Multiple Expansion [Published Benzinga.com - 4 hours ago]

Analyst Omotayo Okusanya comments, "Post ICSC, we are convinced that DDR will hit its 5-year operating plan early, which should move DDR closer towards its goal of achieving blue chip status in the REIT space. This should result in further multiple expansion as DDR is trading at 16.6x P/FFO vs. its Shopping Center REIT peers at 19.4x and "blue chip" Retail REITs between 19.5x-23.5x."

Jefferies Upgrades DDR Corp. (DDR) to Buy [Published Street Insider - 4 hours ago]

"In fact, we have intentionally scaled back our acquisition pace to ensure we maintain our investment grade-like financial profile by not getting acquisition commitments ahead of our ability to raise capital" said Blackman. However, the REIT expects to reinvigorate its acquisition underwriting this quarter with new public fundraising efforts

25 REITs Most Likely To Buy Your Property in 2013 [Published CoStar Group - May 22 2013]

More Content

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Stock Upgrades: Changing Tides Makes Procter & ... [Published Nasdaq - 2 hours ago]
DDR Stock Rating Upgraded by Jefferies Group (DDR) [Published American Banking News - 2 hours ago]
The Zacks Analyst Blog Highlights: Bank of New ... [Published Yahoo! Finance - 3 hours ago]
UPDATE: Jefferies Raises PT on DDR Corp on Furt... [Published Benzinga.com - 4 hours ago]
Jefferies Upgrades DDR Corp. (DDR) to Buy [Published Street Insider - 4 hours ago]
Frontrunning: May 24 [Published Zero Hedge - 4 hours ago]
DDR Stock Rating Upgraded by Jefferies Group (DDR) [Published Mideast Time - 4 hours ago]
DDR Opens New Shopping Center in Charlotte Zacks [Published Yahoo! Finance - 18 hours ago]
DDR Prices Senior Notes Zacks [Published Yahoo! Finance - 18 hours ago]
Fitch Raises DDR's Rating Zacks [Published Yahoo! Finance - 20 hours ago]
Fitch Upgrades DDR’s IDR to BBB- [Published PE Hub News - May 23 2013]
28.2% Return Seen to Date on SmarTrend DDR Call... [Published Comtex SmarTrend - May 23 2013]
Fitch Lifts DDR Out of Junk Grade on Recent Acq... [Published Dow Jones Financial Information Services - May 22 2013]
25 REITs Most Likely To Buy Your Property in 2013 [Published CoStar Group - May 22 2013]
Westfield Group remain tight-lipped about Starw... [Published My Retail Media - May 22 2013]
Fitch Ratings Upgrades DDR's IDR To 'BBB-'; Out... [Published RTTNews.com - May 22 2013]
Fitch Upgrades DDR's IDR to 'BBB-'; Outlook Stable [Published Business Wire Professional Services News - May 22 2013]
Starwood Capital Goes Shopping for Malls [Published 4 Traders - May 22 2013]
Westfield in talks to sell 7 U.S. malls to Star... [Published Malaysia Edge - May 22 2013]
T.J. Maxx to open at Brookside Marketplace in T... [Published Chicago Tribune - May 22 2013]
Westfield in talks to sell 7 U.S. malls to Star... [Published Reuters - May 22 2013]
DDR January 2014 Options Begin Trading [Published Forbes.com - May 20 2013]
Ikea, Walmart anchor new shopping center [Published Retailing Today - May 20 2013]
DDR Announces Opening of Belgate Shopping Cente... [Published OSIX News - May 20 2013]
DDR Announces Opening of Belgate Shopping Cente... [Published ADVFN UK - May 20 2013]
Blackstone Said to Explore Brixmor IPO This Yea... [Published BusinessWeek - May 20 2013]
DDR Declares Dividend [Published Individual.com - May 20 2013]
DDR PT Raised to $20.00 at Jefferies Group (DDR) [Published American Banking News - May 18 2013]
Form 4 DDR CORP For: May 15 Filed by: SHOLEM BA... [Published Street Insider - May 17 2013]
Form 4 DDR CORP For: May 15 Filed by: Roulston ... [Published Street Insider - May 17 2013]

Blogs

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Frontrunning: May 24 [Published Zero Hedge - 4 hours ago] The deeper agenda behind "Abenomics" ( Reuters ) BoJ governor Haruhiko Kuroda promises to stabilise bond market ( FT ) Obama Sees Sunset on Sept. 11 War Powers in Drone Limits ( BBG ) Lower CPMs for everyone: FTC Begins Probe of Google's Display-Ad Business ...
Frontrunning: May 16 [Published Zero Hedge - May 16 2013] As scandals mount, White House springs into damage control ( Reuters ) Glencore Xstrata chairman ousted in surprise coup ( Reuters ), former BP CEO Tony Hayward appointed as interim chairman (WSJ) JPMorgan Chase asks Bloomberg for data records ( Telegraph ...
DDR reports higher funds from operations, slimm... [Published Business - cleveland.com - May 01 2013] DDR Corp., based in Beachwood, said funds from operations rose to 26 cents per share, up 24 percent from 21 cents a year before. Funds from operations are the key performance gauge for real estate investment trusts like DDR. ...
Spotlight Stocks Generating Big M&A News and Ru... [Published Wall St. Cheat Sheet - Apr 14 2013] Here’s your Cheat Sheet to this week’s top mergers and acquisition news:Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now !Google Inc. ( NASDAQ:GOOG ) has sold the travel guide brand Frommer’s ...
Spotlight Stocks Generating Big M&A News and Ru... [Published Wall St. Cheat Sheet - Apr 14 2013] Here’s your Cheat Sheet to this week’s top mergers and acquisition news: Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now ! Google Inc. ( NASDAQ:GOOG ) has sold the travel guide brand Frommer’s ...

Press Releases

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Fitch Upgrades DDR's IDR to 'BBB-'; Outlook Stable [Published Business Wire Professional Services News - May 22 2013]
Reveal Insider Trading for DDR, Weatherford Int... [Published PR Newswire Asia - May 17 2013]
DDR Prices $300 Million Offering of Senior Unse... [Published Financial Services - May 16 2013]
DDR Announces Pricing of Common Shares on a For... [Published PR Newswire: General Business - May 16 2013]
DDR Announces Offering of Common Shares on a Fo... [Published PR Newswire: General Business - May 15 2013]