Jefferies Initiates Coverage on DDR Corp to Hold

Jefferies Initiates Coverage on DDR Corp(NYSE:DDR). The shares have been rated Hold. The rating by Jefferies was issued on Jun 30, 2016.

In a different note, On Apr 15, 2016, KeyBanc said it Upgrades its rating on DDR Corp. The shares have been rated ‘Overweight’ by the firm.

DDR Corp (DDR) made into the market gainers list on Tuesdays trading session with the shares advancing 2.23% or 0.41 points. Due to strong positive momentum, the stock ended at $18.82, which is also near the day’s high of $18.82. The stock began the session at $18.45 and the volume stood at 34,69,754 shares. The 52-week high of the shares is $18.82 and the 52 week low is $14.71. The company has a current market capitalization of $6,877 M and it has 36,54,15,380 shares in outstanding.

DDR Corp(DDR) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $246.25M. Analysts had an estimated revenue of $245.91M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.30.

Several Insider Transactions has been reported to the SEC. On Jun 28, 2016, Christa A Vesy (Exec. V.P. & Chief Acct. Off.) sold 5,000 shares at $17.38 per share price.Also, On May 9, 2016, Paul W Freddo (Sr. Exec. Vice President) sold 28,939 shares at $18.00 per share price.On Aug 26, 2015, Robert H Gidel (director) purchased 1,300 shares at $15.85 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company owns and manages approximately 415 shopping centers representing 118 million square feet in 41 states and Puerto Rico. DDR has completed 53 redevelopment projects. Its properties include Eastland Center in California Easton Market in Ohio and The Maxwell in Illinois.

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