Jefferies analyst Omotayo Okusanya reiterated a Hold rating on DDR Corp (NYSE: DDR) yesterday and set a price target of $14. The company’s shares closed yesterday at $14.35.
According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 7.5% and a 60.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as DCT Industrial Trust Inc, Office Properties Trust, and Physicians Realty Trust.
The word on The Street in general, suggests a Hold analyst consensus rating for DDR Corp with a $14.21 average price target, implying a -1.0% downside from current levels. In a report issued on July 3, Stifel Nicolaus also maintained a Hold rating on the stock with a $14.25 price target.
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The company has a one-year high of $17.94 and a one-year low of $10.95. Currently, DDR Corp has an average volume of 3.36M.
Based on the recent corporate insider activity of 40 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.
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DDR Corp. is a self-administered and self-managed real estate investment trust. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers.
