DDR Corp. (NYSE:DDR)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group LLC in a research report issued to clients and investors on Tuesday. They currently have a $9.00 price target on the real estate investment trust’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 2.04% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of DDR Corp. from a “hold” rating to a “sell” rating in a research report on Monday, March 6th. Citigroup Inc. decreased their price target on DDR Corp. from $16.50 to $13.00 and set a “buy” rating for the company in a report on Tuesday, May 9th. Sandler O’Neill cut DDR Corp. from a “buy” rating to a “hold” rating and decreased their price target for the stock from $16.00 to $14.00 in a report on Monday, March 13th. Boenning Scattergood upgraded DDR Corp. from an “underperform” rating to a “neutral” rating in a report on Monday, May 15th. They noted that the move was a valuation call. Finally, Evercore ISI upgraded DDR Corp. from a “hold” rating to an “outperform” rating in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.93.

Analyst Recommendations for DDR Corp. (NYSE:DDR)

DDR Corp. (NYSE DDR) traded down 1.304% on Tuesday, hitting $8.705. 5,480,640 shares of the stock traded hands. DDR Corp. has a 12-month low of $8.28 and a 12-month high of $19.92. The firm’s 50-day moving average price is $9.29 and its 200-day moving average price is $12.86. The stock’s market cap is $3.19 billion.

DDR Corp. (NYSE:DDR) last posted its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $230.98 million during the quarter, compared to the consensus estimate of $230.91 million. DDR Corp. had a negative net margin of 4.17% and a positive return on equity of 1.60%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, equities research analysts anticipate that DDR Corp. will post ($0.16) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend is Tuesday, June 13th. DDR Corp.’s dividend payout ratio (DPR) is currently -475.00%.

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In other DDR Corp. news, Director Alexander Otto bought 500,000 shares of DDR Corp. stock in a transaction dated Tuesday, May 9th. The stock was bought at an average cost of $9.52 per share, for a total transaction of $4,760,000.00. Following the purchase, the director now owns 44,509,893 shares in the company, valued at approximately $423,734,181.36. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert H. Gidel bought 4,000 shares of DDR Corp. stock in a transaction dated Thursday, March 23rd. The shares were acquired at an average price of $12.80 per share, with a total value of $51,200.00. Following the completion of the purchase, the director now owns 54,153 shares in the company, valued at approximately $693,158.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,244,325 shares of company stock valued at $11,788,580. Company insiders own 16.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. United Capital Financial Advisers LLC acquired a new position in DDR Corp. during the fourth quarter valued at approximately $181,000. Oxford Asset Management acquired a new position in DDR Corp. during the first quarter valued at approximately $163,000. CrestPoint Capital Management LLC acquired a new position in DDR Corp. during the first quarter valued at approximately $165,000. Koch Industries Inc. acquired a new position in DDR Corp. during the first quarter valued at approximately $165,000. Finally, Envestnet Asset Management Inc. boosted its position in DDR Corp. by 11.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,222 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 1,339 shares during the period. Institutional investors own 82.40% of the company’s stock.

DDR Corp. Company Profile

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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