Jefferies Sticks to Its Hold Rating for DDR Corp

By Austin Angelo

In a report released yesterday, Omotayo Okusanya from Jefferies reiterated a Hold rating on DDR Corp (NYSE: DDR), with a price target of $13. The company’s shares closed yesterday at $9.10, close to its 52-week low of $8.61.

According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 5.5% and a 59.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Government Properties Income Trust, National Storage Affiliates Trust, and Retail Properties of America Inc.

Currently, the analyst consensus on DDR Corp is Hold and the average price target is $14.56, representing a 60.0% upside.

In a report issued on May 15, Boenning & Scattergood also upgraded the stock to Hold.

The company has a one year high of $19.92 and a one year low of $8.61. Currently, DDR Corp has an average volume of 6.71M.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DDR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

DDR Corp. is a self-administered and self-managed real estate investment trust, which is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. The company engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. It operates through two segments: shopping centers and loan investments. DDR was founded in 1965 and is headquartered in Beachwood, OH.