DDR Corp. (NYSE:DDR)’s share price was down 2% during trading on Thursday . The stock traded as low as $18.81 and last traded at $18.81, with a volume of 1,298,632 shares traded. The stock had previously closed at $19.19.

Several equities analysts recently commented on DDR shares. Deutsche Bank AG raised their target price on DDR Corp. from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, July 18th. Credit Suisse Group AG downgraded DDR Corp. from an “outperform” rating to a “neutral” rating and set a $18.50 target price for the company. in a research report on Wednesday, July 27th. Raymond James Financial Inc. started coverage on DDR Corp. in a research report on Monday, July 25th. They set an “outperform” rating and a $21.00 target price for the company. Jefferies Group started coverage on DDR Corp. in a research report on Thursday, June 30th. They set a “hold” rating and a $19.00 target price for the company. Finally, KeyCorp upgraded DDR Corp. from a “sector weight” rating to an “overweight” rating and set a $19.00 target price for the company in a research report on Friday, April 15th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.33.

The company’s 50 day moving average is $19.01 and its 200-day moving average is $17.66. The stock has a market capitalization of $6.87 billion and a P/E ratio of 31.58.

DDR Corp. (NYSE:DDR) last issued its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The company had revenue of $245.90 million for the quarter, compared to analyst estimates of $243.03 million. During the same period in the prior year, the company earned $0.31 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities analysts predict that DDR Corp. will post $1.25 earnings per share for the current fiscal year.

In related news, Director Robert H. Gidel sold 16,000 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $19.50, for a total transaction of $312,000.00. Following the sale, the director now owns 51,954 shares of the company’s stock, valued at $1,013,103. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christa A. Vesy sold 5,000 shares of the stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $17.38, for a total value of $86,900.00. Following the sale, the vice president now directly owns 89,506 shares in the company, valued at approximately $1,555,614.28. The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. I.G. Investment Management LTD. boosted its stake in DDR Corp. by 11.6% in the fourth quarter. I.G. Investment Management LTD. now owns 72,328 shares of the real estate investment trust’s stock valued at $1,218,000 after buying an additional 7,541 shares during the last quarter. First Trust Advisors LP boosted its stake in DDR Corp. by 6.3% in the fourth quarter. First Trust Advisors LP now owns 118,325 shares of the real estate investment trust’s stock valued at $1,993,000 after buying an additional 6,967 shares during the last quarter. Wells Fargo & Company MN boosted its stake in 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 valued at $8,997,000 after buying an additional 46,417 shares during the last quarter. Morgan Stanley boosted its stake in 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 valued at $55,709,000 after buying an additional 72,747 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in 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 valued at $65,134,000 after buying an additional 46,681 shares during the last quarter.

DDR Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: shopping centers and loan investments. The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, it 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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