DDR Corp. (NYSE:DDR) was downgraded by equities research analysts at Boenning Scattergood from a “neutral” rating to an “under perform” rating in a note issued to investors on Tuesday.

Other equities analysts have also issued research reports about the company. Deutsche Bank AG raised DDR Corp. from a “hold” rating to a “buy” rating and increased their target price for the company from $12.00 to $13.00 in a report on Thursday, July 27th. KeyCorp reissued a “buy” rating and issued a $13.00 target price on shares of DDR Corp. in a report on Friday, September 1st. ValuEngine raised DDR Corp. from a “hold” rating to a “buy” rating in a report on Monday. Jefferies Group LLC reissued a “hold” rating and issued a $9.00 target price on shares of DDR Corp. in a report on Tuesday, June 20th. Finally, Zacks Investment Research upgraded shares of DDR Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.23.

DDR Corp. (NYSE:DDR) traded up 1.261% during mid-day trading on Tuesday, hitting $9.235. The stock had a trading volume of 702,335 shares. DDR Corp. has a 52-week low of $8.11 and a 52-week high of $16.78. The firm has a 50-day moving average of $9.65 and a 200-day moving average of $10.10. The stock’s market cap is $3.39 billion.

DDR Corp. (NYSE:DDR) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.22). The business had revenue of $227.40 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. On average, analysts forecast that DDR Corp. will post ($0.12) EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. World Asset Management Inc raised its holdings in DDR Corp. by 2.0% during the first 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 in the last quarter. SG Americas Securities LLC raised its holdings in DDR Corp. by 2.0% during the second quarter. SG Americas Securities LLC now owns 17,249 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 339 shares in the last quarter. GAM Holding AG raised its holdings in DDR Corp. by 4.4% during the second quarter. GAM Holding AG now owns 26,865 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 1,135 shares in the last quarter. Amalgamated Bank raised its holdings in DDR Corp. by 3.4% during the first quarter. Amalgamated Bank now owns 44,209 shares of the real estate investment trust’s stock worth $554,000 after purchasing an additional 1,433 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in DDR Corp. by 0.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 228,827 shares of the real estate investment trust’s stock worth $2,867,000 after purchasing an additional 1,730 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other 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).

Analyst Recommendations for DDR Corp. (NYSE:DDR)

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