State Street Corp increased its position in shares of DDR Corp. (NYSE:DDR) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,623,554 shares of the real estate investment trust’s stock after purchasing an additional 36,430 shares during the quarter. State Street Corp owned 2.62% of DDR Corp. worth $87,284,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Comerica Bank lifted its stake in DDR Corp. by 12.9% in the first quarter. Comerica Bank now owns 29,142 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 3,328 shares during the last quarter. SG Americas Securities LLC lifted its stake in DDR Corp. by 22.8% in the first quarter. SG Americas Securities LLC now owns 16,910 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 3,135 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in DDR Corp. by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 4,221,527 shares of the real estate investment trust’s stock valued at $52,895,000 after buying an additional 50,804 shares during the last quarter. UBS Group AG lifted its stake in DDR Corp. by 2.9% in the first quarter. UBS Group AG now owns 103,451 shares of the real estate investment trust’s stock valued at $1,297,000 after buying an additional 2,911 shares during the last quarter. Finally, Morgan Stanley lifted its stake in DDR Corp. by 189.5% in the first quarter. Morgan Stanley now owns 3,763,059 shares of the real estate investment trust’s stock valued at $47,151,000 after buying an additional 2,463,134 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Boenning Scattergood restated a “sell” rating on shares of DDR Corp. in a research note on Monday, November 6th. ValuEngine upgraded shares of DDR Corp. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. KeyCorp reaffirmed a “buy” rating and set a $13.00 target price on shares of DDR Corp. in a report on Friday, September 1st. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $10.00 target price on shares of DDR Corp. in a report on Friday, November 3rd. Finally, Mizuho reaffirmed a “hold” rating and set a $10.00 target price on shares of DDR Corp. in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $12.04.
Shares of DDR Corp. (DDR) traded up $0.12 on Friday, reaching $8.06. The company had a trading volume of 4,371,300 shares, compared to its average volume of 5,089,035. The stock has a market cap of $2,925.61, a PE ratio of 6.62, a P/E/G ratio of 1.39 and a beta of 0.76. DDR Corp. has a 1 year low of $7.55 and a 1 year high of $15.82. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.61 and a quick ratio of 1.65.
DDR Corp. (NYSE:DDR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. The firm had revenue of $220.10 million for the quarter, compared to analysts’ expectations of $218.58 million. DDR Corp. had a return on equity of 3.48% and a net margin of 1.11%. DDR Corp.’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. equities analysts anticipate that DDR Corp. will post 1.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 12th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 9.43%. DDR Corp.’s dividend payout ratio (DPR) is presently -1,900.00%.
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About DDR Corp.
DDR Corp. is a self-administered and self-managed real estate investment trust. It operates through two segments: shopping centers and loan investments. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. As of December 31, 2016, it owned and managed approximately 106 million total square feet of gross leasable area (GLA).
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