Is there a Bearish outlook for DDR Corp (NYSE:DDR) this week?

June 19, 2017 - By Darrin Black

 Is there a Bearish outlook for DDR Corp (NYSE:DDR) this week?
Investors sentiment decreased to 1.21 in 2016 Q4. Its down 0.01, from 1.22 in 2016Q3. It turned negative, as 28 investors sold DDR Corp shares while 70 reduced holdings. 31 funds opened positions while 88 raised stakes. 305.69 million shares or 5.34% less from 322.94 million shares in 2016Q3 were reported.
Proshare Limited Liability Corporation accumulated 81,718 shares or 0.01% of the stock. 15 are held by Blume Cap Mgmt Incorporated. Sei Invests holds 0.07% or 958,845 shares in its portfolio. Apg Asset Mgmt Us Inc invested 0.52% in DDR Corp (NYSE:DDR). Art Lc invested in 0.19% or 213,100 shares. Rhumbline Advisers invested in 0.01% or 326,681 shares. Stevens Capital Mgmt Limited Partnership reported 0.1% of its portfolio in DDR Corp (NYSE:DDR). Next Finance holds 0% or 1,020 shares. Royal Bancorporation Of Canada accumulated 17,015 shares or 0% of the stock. Ohio-based Wealthtrust Fairport Llc has invested 0.12% in DDR Corp (NYSE:DDR). Citigroup holds 137,638 shares or 0% of its portfolio. Canada Pension Plan Board has invested 0% in DDR Corp (NYSE:DDR). Legal & General Gp Public Limited Co has invested 0.01% of its portfolio in DDR Corp (NYSE:DDR). Point72 Asia (Hong Kong) reported 9,519 shares. Wells Fargo & Mn accumulated 282,265 shares or 0% of the stock.

Since December 22, 2016, it had 12 insider purchases, and 0 sales for $22.68 million activity. On Friday, June 2 Otto Alexander bought $5.28 million worth of DDR Corp (NYSE:DDR) or 600,000 shares. AHERN TERRANCE R bought $996,056 worth of stock or 76,000 shares. 11,325 shares were bought by Makinen Michael, worth $100,000. On Thursday, March 23 GIDEL ROBERT H bought $51,200 worth of DDR Corp (NYSE:DDR) or 4,000 shares. The insider Otto-Bernstein Katharina bought 500,000 shares worth $4.70M.

DDR Corp (NYSE:DDR) Ratings Coverage

Among 21 analysts covering Developers Diversified Realty (NYSE:DDR), 4 have Buy rating, 2 Sell and 15 Hold. Therefore 19% are positive. Developers Diversified Realty had 35 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Friday, August 7 by Deutsche Bank. The company was initiated on Wednesday, July 22 by Canaccord Genuity. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Friday, April 15 report. Bank of America downgraded the shares of DDR in report on Thursday, August 25 to “Underperform” rating. The rating was initiated by Raymond James on Tuesday, July 26 with “Outperform”. The firm has “Sell” rating by UBS given on Tuesday, December 13. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, August 3 report. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, December 13. On Monday, May 29 the stock rating was maintained by Jefferies with “Hold”. The firm has “Hold” rating by Evercore given on Tuesday, September 8. Below is a list of DDR Corp (NYSE:DDR) latest ratings and price target changes.

29/05/2017 Broker: Jefferies Rating: Hold New Target: $13.00 Maintain
28/04/2017 Broker: RBC Capital Markets Rating: Hold New Target: $14.00 Maintain
23/03/2017 Broker: KeyCorp Rating: Overweight Old Target: $17.50 New Target: $16.50 Target Down
23/03/2017 Broker: UBS Old Rating: Sell New Rating: Neutral Upgrade
13/03/2017 Broker: Sandler O’Neill Old Rating: Buy New Rating: Hold Old Target: $16.00 New Target: $14.00 Downgrade
24/02/2017 Broker: Canaccord Genuity Rating: Hold Old Target: $20 New Target: $16 Maintain
30/01/2017 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade

About 529,776 shares traded. DDR Corp (NYSE:DDR) has declined 44.53% since June 19, 2016 and is downtrending. It has underperformed by 61.23% the S&P500.

DDR Corp. is a self-administered and self-managed real estate investment trust. The company has market cap of $3.18 billion. It operates through two divisions: shopping centers and loan investments. It currently has negative earnings. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers.

More notable recent DDR Corp (NYSE:DDR) news were published by: Nasdaq.com which released: “DDR Corp. (DDR) in Focus: Stock Moves 7.6% Higher” on June 08, 2017, also Seekingalpha.com with their article: “21 Russell 1000 Dividend Dog Analysts Tag DDR Corp. As Best For Net Gains By …” published on June 08, 2017, Prnewswire.com published: “DDR and Madison International Realty Announce Recapitalization of DDR Domestic …” on June 14, 2017. More interesting news about DDR Corp (NYSE:DDR) were released by: Prnewswire.com and their article: “REIT Stocks Under Scanner — GGP Inc., DDR Corp., Kimco Realty, and Weingarten …” published on May 30, 2017 as well as Seekingalpha.com‘s news article titled: “This REIT Is Truly Opportunistic” with publication date: May 24, 2017.

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