Among the worst performers were Developers Diversified (DDR) and Kite Realty Group (KRG), along with Duke Realty (DRE) and AMB Properties (AMB) in the office REIT space, and Post Properties (PPS) in apartment REITs.

Well run REIT beaten down beyond cheap - strong insider buying

Long-Term Buy - Price 36.95 on June 23
by Hilliard Lyons

Ohio-based DDR owns and manages more than 740 retail operating and development properties in 45 states, Puerto Rico, Brazil, Canada and Russia. We've rais[ed] our rating...from Neutral, due to a share-price decline [of] 37.8% from a 52-week high. We're maintaining our '08 and '09 [funds-from-operations]-per-share estimates of $3.97 and $4.20. Target: 42. Market cap: $4.46 billion.

4.5%

Dividend

Developers Diversified recently announced a $500 million dollar buyback over 2 years.

Shares of shopping center real estate investment trusts, including DDR, recently rose after a UBS analyst upgraded the sector on the expectations of high upside potential.

The stock trades for a 20x PE.

5%

growth

Downgraded by Deutsche Securities from Buy to Hold

dividend growth