DDR Corp (DDR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of DDR Corp (NYSE:DDR) have received a consensus rating of “Hold” from the eighteen research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $14.93.

Several brokerages have commented on DDR. Royal Bank of Canada reaffirmed a “hold” rating and issued a $15.00 price objective on shares of DDR in a research report on Tuesday, July 31st. Robert W. Baird reaffirmed a “hold” rating and issued a $14.00 price objective on shares of DDR in a research report on Friday, July 27th. Citigroup lowered their price objective on shares of DDR from $16.50 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, July 31st. Zacks Investment Research lowered shares of DDR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 10th. Finally, ValuEngine raised shares of DDR from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd.

Shares of DDR stock opened at $11.99 on Friday. DDR has a 52 week low of $10.95 and a 52 week high of $15.08.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Wednesday, September 26th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 25th. This represents a $0.80 annualized dividend and a dividend yield of 6.67%. This is a positive change from DDR’s previous quarterly dividend of $0.19.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in DDR during the 2nd quarter worth approximately $671,000. Stevens Capital Management LP bought a new stake in DDR during the 2nd quarter worth approximately $359,000. Van ECK Associates Corp bought a new stake in DDR during the 2nd quarter worth approximately $582,000. Tower Research Capital LLC TRC increased its holdings in DDR by 80.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 39,260 shares of the real estate investment trust’s stock worth $703,000 after acquiring an additional 17,548 shares during the period. Finally, SG Americas Securities LLC increased its holdings in DDR by 397.4% during the 2nd quarter. SG Americas Securities LLC now owns 115,895 shares of the real estate investment trust’s stock worth $2,075,000 after acquiring an additional 92,593 shares during the period. 81.77% of the stock is currently owned by institutional investors.

About DDR

DDR is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.

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Analyst Recommendations for DDR (NYSE:DDR)

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