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 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 2014 2015 (now at 7.2x). in our view, successful execution of the 5-year plan (which we now expect to happen early) should result 1) improved ffo sh growth and (we estimate 8%, 10% 12% 2013, 2015); 2) nav growth; 3) further dividend, 4) multiple expansion."< p>
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
DDR Corp closed on Thursday at $18.56.