DDR Corp. (NYSE:DDR)’s share price dropped 1% during mid-day trading on Tuesday . The stock traded as low as $18.95 and last traded at $19.04, with a volume of 1,961,163 shares trading hands. The stock had previously closed at $19.23.

DDR has been the topic of several research analyst reports. Credit Suisse Group AG initiated coverage on shares of DDR Corp. in a research note on Wednesday, March 16th. They set an “outperform” rating and a $18.50 target price on the stock. Mizuho initiated coverage on shares of DDR Corp. in a research note on Wednesday, April 13th. They set a “neutral” rating and a $19.00 target price on the stock. KeyCorp upgraded shares of DDR Corp. from a “sector weight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research note on Friday, April 15th. Deutsche Bank AG restated a “hold” rating and set a $17.00 target price on shares of DDR Corp. in a research note on Tuesday, May 3rd. Finally, Jefferies Group initiated coverage on shares of DDR Corp. in a research note on Thursday, June 30th. They set a “hold” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.81.

The stock has a 50 day moving average of $17.71 and a 200-day moving average of $17.20. The stock has a market capitalization of $6.98 billion and a P/E ratio of 36.34.

DDR Corp. (NYSE:DDR) last issued its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. During the same quarter in the previous year, the firm posted $0.30 EPS. The business had revenue of $246.30 million for the quarter, compared to analysts’ expectations of $244.26 million. DDR Corp.’s revenue was down 1.8% on a year-over-year basis. On average, equities research analysts predict that DDR Corp. will post $1.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Thursday, June 9th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, June 7th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.95%.

In other news, VP Christa A. Vesy sold 5,000 shares of the business’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $17.38, for a total transaction of $86,900.00. Following the sale, the vice president now owns 89,506 shares in the company, valued at $1,555,614.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul W. Freddo sold 28,939 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $18.00, for a total value of $520,902.00. Following the sale, the vice president now owns 211,053 shares in the company, valued at approximately $3,798,954. The disclosure for this sale can be found here.

Several large investors have modified their holdings of DDR. Vanguard Group Inc. raised its stake in shares of DDR Corp. by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 43,681,552 shares of the real estate investment trust’s stock worth $735,598,000 after buying an additional 1,036,252 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of DDR Corp. by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,867,812 shares of the real estate investment trust’s stock worth $65,134,000 after buying an additional 46,681 shares during the last quarter. Morgan Stanley raised its stake in shares of DDR Corp. by 2.2% in the fourth quarter. Morgan Stanley now owns 3,308,165 shares of the real estate investment trust’s stock worth $55,709,000 after buying an additional 72,747 shares during the last quarter. Standard Life Investments LTD acquired a new stake in shares of DDR Corp. during the fourth quarter worth $12,513,000. Finally, Wells Fargo & Company MN raised its stake in shares of DDR Corp. by 9.5% in the fourth quarter. Wells Fargo & Company MN now owns 534,287 shares of the real estate investment trust’s stock worth $8,997,000 after buying an additional 46,417 shares during the last quarter.

DDR Corp. (DDR) is a self-administered and self-managed real estate investment trust (REIT). The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, the Company engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers.

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