DDR Corp. (NYSE:DDR) has been assigned an average rating of “Hold” from the nineteen brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.75.

A number of equities research analysts have recently issued reports on DDR shares. Royal Bank Of Canada restated a “hold” rating and issued a $14.00 target price on shares of DDR Corp. in a research note on Thursday, April 27th. Citigroup Inc. cut their target price on shares of DDR Corp. from $16.50 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. ValuEngine lowered shares of DDR Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC restated a “hold” rating and issued a $13.00 target price on shares of DDR Corp. in a research note on Monday, April 24th. Finally, BidaskClub upgraded shares of DDR Corp. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th.

DDR Corp. (NYSE:DDR) traded down 0.50% during mid-day trading on Friday, hitting $10.00. The stock had a trading volume of 3,099,236 shares. The stock’s market cap is $3.67 billion. DDR Corp. has a one year low of $8.11 and a one year high of $19.22. The company has a 50 day moving average price of $9.57 and a 200 day moving average price of $11.43.

DDR Corp. (NYSE:DDR) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.22. The company had revenue of $227.40 million during the quarter, compared to analyst estimates of $222.90 million. DDR Corp. had a negative net margin of 5.48% and a positive return on equity of 1.24%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. On average, equities analysts anticipate that DDR Corp. will post ($0.11) EPS for the current year.

In other news, CEO David R. Lukes bought 60,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was purchased at an average price of $8.37 per share, for a total transaction of $502,200.00. Following the transaction, the chief executive officer now owns 432,948 shares in the company, valued at $3,623,774.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Makinen bought 11,325 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was purchased at an average price of $8.83 per share, with a total value of $99,999.75. Following the transaction, the chief operating officer now owns 66,361 shares in the company, valued at approximately $585,967.63. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 132,325 shares of company stock worth $1,119,330. 16.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sigma Planning Corp purchased a new position in DDR Corp. during the second quarter valued at approximately $100,000. Cutter & CO Brokerage Inc. purchased a new position in DDR Corp. during the second quarter valued at approximately $104,000. Cambridge Investment Research Advisors Inc. purchased a new position in DDR Corp. during the second quarter valued at approximately $111,000. Janney Montgomery Scott LLC purchased a new position in DDR Corp. during the second quarter valued at approximately $121,000. Finally, Greenleaf Trust purchased a new position in DDR Corp. during the second quarter valued at approximately $123,000. Hedge funds and other institutional investors own 81.63% of the company’s stock.

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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).

Analyst Recommendations for DDR Corp. (NYSE:DDR)

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