Barely back to its 200 day moving average today while all the other reits already hit that and dipped lower. Yeah, it ran up more than most and so the "correction" was more than most. Look on the bright side, it screams value now. How many reits "earn" more than they payout? (I'm not talking FFO here.)Soon DDR will be "earning" $3.00 per share. Let's wait and get our quarterly .67 share dividend in 2005. If you wait long enough DDR will payout that much. Look ahead, buy now and in a year or so you'll have over an 8% yield.
I have to agree with you, it seems headed in a hurry to the $27/$30 range it was in last year and the drop has nothing to do with the quality/performance of this Co.
There I was last week dreaming of getting in around $39 and if I had what a nightmare would have been.
Catching a falling knife is very dangerous thou, support must be found first (non existent now), the 200 MA is becoming meaningless right now for REITS in the Street. The price manipulation points to assigning REITS a 10%/12% risk target yield, worse possibility still: I already counted 3 of them reaching prices close to book, years ago wasn't that what they sold for ???. Sometimes may be better to miss the boat than sink with it.