ValuEngine upgraded shares of DDR Corp. (NYSE:DDR) from a hold rating to a buy rating in a research report sent to investors on Monday.

A number of other equities analysts have also recently commented on DDR. Jefferies Group LLC reaffirmed a hold rating and set a $9.00 price target on shares of DDR Corp. in a research note on Tuesday, June 20th. BidaskClub raised shares of DDR Corp. from a strong sell rating to a sell rating in a research note on Tuesday, June 27th. KeyCorp reaffirmed an overweight rating and set a $13.00 price target (down from $16.50) on shares of DDR Corp. in a research note on Wednesday, June 28th. J P Morgan Chase & Co reaffirmed a neutral rating and set a $12.00 price target (down from $14.50) on shares of DDR Corp. in a research note on Wednesday, June 28th. Finally, Deutsche Bank AG raised shares of DDR Corp. from a hold rating to a buy rating and lifted their price target for the stock from $12.00 to $13.00 in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. DDR Corp. has an average rating of Hold and an average price target of $13.23.

DDR Corp. (NYSE DDR) traded up 1.371% during mid-day trading on Monday, hitting $9.245. 596,275 shares of the stock were exchanged. The firm’s market capitalization is $3.39 billion. DDR Corp. has a 52 week low of $8.11 and a 52 week high of $16.78. The company’s 50-day moving average price is $9.65 and its 200 day moving average price is $10.10.

DDR Corp. (NYSE:DDR) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.22). DDR Corp. had a positive return on equity of 1.24% and a negative net margin of 5.48%. The firm had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $222.90 million. During the same period in the prior year, the firm posted $0.33 earnings per share. DDR Corp.’s revenue for the quarter was down 7.5% on a year-over-year basis. Equities research analysts expect that DDR Corp. will post ($0.12) EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th will be given a $0.19 dividend. The ex-dividend date is Monday, September 25th. This represents a $0.76 annualized dividend and a yield of 8.33%. DDR Corp.’s dividend payout ratio (DPR) is -379.98%.

A number of institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors lifted its position in shares of DDR Corp. by 73.0% in the 1st quarter. Nationwide Fund Advisors now owns 47,252 shares of the real estate investment trust’s stock worth $592,000 after purchasing an additional 19,944 shares during the period. First Trust Advisors LP lifted its position in shares of DDR Corp. by 37.1% in the 1st quarter. First Trust Advisors LP now owns 146,608 shares of the real estate investment trust’s stock worth $1,837,000 after purchasing an additional 39,687 shares during the period. Comerica Bank lifted its position in shares of DDR Corp. by 12.9% in the 1st quarter. Comerica Bank now owns 29,142 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 3,328 shares during the period. World Asset Management Inc lifted its position in shares of DDR Corp. by 2.0% in the 1st quarter. World Asset Management Inc now owns 15,650 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 311 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in shares of DDR Corp. by 4.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,218,859 shares of the real estate investment trust’s stock worth $15,272,000 after purchasing an additional 51,298 shares during the period. 80.24% of the stock is owned by institutional investors.

About DDR Corp.

DDR Corp. is a self-administered and self-managed real estate investment trust. It operates through two segments: shopping centers and loan investments. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. As of December 31, 2016, it owned and managed approximately 106 million total square feet of gross leasable area (GLA).

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Analyst Recommendations for DDR Corp. (NYSE:DDR)

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