Spot on, nab have just announced a change in their forecast with two rate cuts now factored in , one in July and the other in November.
this is on the back of unemployment rates stabilising and therefore not leading to wage pressures and also construction cycle at a low point. this will have a positive impact on ddr being a high yielding steady growth stock and I can see a case for the share price to now push over $4. this still gives investors better than a 5% yield so completely achievable given the credibility ddr has in the market.
DDR Price at posting:
$3.68 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)