Wells Fargo & Company MN cut its holdings in DDR Corp (NYSE:DDR) by 24.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 393,243 shares of the real estate investment trust’s stock after selling 125,746 shares during the period. Wells Fargo & Company MN owned 0.11% of DDR worth $3,602,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. HGI Capital Management LLC bought a new position in shares of DDR in the third quarter worth about $2,021,000. Twin Capital Management Inc. bought a new position in DDR during the third quarter valued at about $763,000. Schroder Investment Management Group increased its stake in DDR by 20.2% during the third quarter. Schroder Investment Management Group now owns 216,195 shares of the real estate investment trust’s stock valued at $1,993,000 after acquiring an additional 36,373 shares during the period. Capital Growth Management LP bought a new position in DDR during the third quarter valued at about $47,357,000. Finally, Legal & General Group Plc increased its stake in DDR by 16.6% during the third quarter. Legal & General Group Plc now owns 1,060,109 shares of the real estate investment trust’s stock valued at $9,712,000 after acquiring an additional 150,794 shares during the period. Institutional investors and hedge funds own 79.86% of the company’s stock.
Shares of DDR Corp (NYSE DDR) opened at $8.56 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $3,150.00, a P/E ratio of -18.61, a price-to-earnings-growth ratio of 1.72 and a beta of 0.75. DDR Corp has a 1-year low of $7.26 and a 1-year high of $15.57.
DDR (NYSE:DDR) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $220.10 million for the quarter, compared to the consensus estimate of $218.58 million. DDR had a return on equity of 3.48% and a net margin of 1.11%. The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. equities research analysts predict that DDR Corp will post 1.15 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Tuesday, December 12th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 8.88%. The ex-dividend date was Monday, December 11th. DDR’s payout ratio is -165.22%.
Several equities analysts recently issued reports on the company. ValuEngine lowered DDR from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Capital One Financial restated an “equal weight” rating on shares of DDR in a research note on Friday, December 15th. Mizuho set a $9.00 price target on DDR and gave the company a “hold” rating in a research note on Monday, December 18th. Boenning Scattergood restated a “sell” rating on shares of DDR in a research note on Monday, December 18th. Finally, Raymond James Financial restated a “buy” rating on shares of DDR in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. DDR presently has a consensus rating of “Hold” and a consensus price target of $11.29.
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DDR Company Profile
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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