FBR Capital Reiterates an 'Outperform' on Developers Diversified (DDR); Dispositions, Credit Facility Renewal Ahead of Expectations
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Price: $11.99 --0%
Rating Summary:
5 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
5 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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FBR Capital reiterates an 'Outperform' on Developers Diversified Realty (NYSE: DDR), PT $15.50.
FBR analyst says, "Overall, we continue to believe a fundamental recovery in the company’s primary markets may be under way, but a secondary market recovery, as well as shop space lease-up, may realistically be 2012–13 events. Nevertheless, we believe DDR’s valuation remains compelling, especially for the long-term patient investor, as the 4.2% return currently implied by our price target compares to our RMZ expectation of 3.2%."
For more ratings news on Developers Diversified Re click here and for the rating history of Developers Diversified Re click here.
Shares of Developers Diversified Re closed at $14.88 yesterday.
FBR analyst says, "Overall, we continue to believe a fundamental recovery in the company’s primary markets may be under way, but a secondary market recovery, as well as shop space lease-up, may realistically be 2012–13 events. Nevertheless, we believe DDR’s valuation remains compelling, especially for the long-term patient investor, as the 4.2% return currently implied by our price target compares to our RMZ expectation of 3.2%."
For more ratings news on Developers Diversified Re click here and for the rating history of Developers Diversified Re click here.
Shares of Developers Diversified Re closed at $14.88 yesterday.
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