DDR (NYSE:DDR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Shares of DDR Corp. underperformed the industry it belongs to in the past six months. The stock has seen the Zacks Consensus Estimate for funds from operations (FFO) per share for 2017 remaining stable, while the same for 2018 moving south in a month’s time. In December 2017, DDR announced the decision of its board of directors to spin-off a portfolio of 50 sellable assets into a separate public-traded REIT. The move will help the company streamline its portfolio and focus on core markets. Nevertheless, the choppy retail real estate environment, thanks to the shift in customers’ shopping preferences toward online purchases, remains a concern. Further, aggressive asset divestures have a dilutive effect on earnings. Rate hike add to the company’s woes. However, aggressive capital-recycling program and balance-sheet improvement efforts have the capability to drive its growth over the long term.”

Several other research analysts also recently issued reports on the stock. Mizuho restated a “hold” rating and set a $10.00 price objective on shares of DDR in a report on Monday, October 9th. Royal Bank of Canada restated a “sector perform” rating and set a $9.00 price objective (down previously from $11.00) on shares of DDR in a report on Tuesday, November 7th. Raymond James Financial restated a “buy” rating on shares of DDR in a report on Friday, December 15th. Citigroup restated a “buy” rating on shares of DDR in a report on Friday, December 15th. Finally, SunTrust Banks restated a “hold” rating and set a $10.00 price objective on shares of DDR in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $11.29.

Shares of DDR (DDR) traded up $0.02 on Monday, reaching $8.59. 3,384,900 shares of the company traded hands, compared to its average volume of 4,865,255. The company has a market cap of $3,165.11, a P/E ratio of -214.75, a PEG ratio of 1.68 and a beta of 0.76. DDR has a 12-month low of $7.26 and a 12-month high of $15.57. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.51.

DDR (NYSE:DDR) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $220.10 million for the quarter, compared to the consensus estimate of $218.58 million. DDR had a net margin of 1.11% and a return on equity of 3.48%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. equities research analysts forecast that DDR will post 1.15 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. acquired a new position in DDR in the second quarter valued at approximately $111,000. 1st Global Advisors Inc. acquired a new position in DDR in the second quarter valued at approximately $131,000. Profund Advisors LLC lifted its holdings in DDR by 25.9% in the second quarter. Profund Advisors LLC now owns 15,228 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 3,132 shares during the period. Bridgewater Associates LP acquired a new position in DDR in the second quarter valued at approximately $143,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in DDR in the second quarter valued at approximately $149,000. Institutional investors own 80.02% of the company’s stock.

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About DDR

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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