JPMorgan Chase & Co. decreased its stake in shares of DDR Corp (NYSE:DDR) by 89.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 91,054 shares of the real estate investment trust’s stock after selling 779,755 shares during the period. JPMorgan Chase & Co.’s holdings in DDR were worth $839,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in DDR. Schwab Charles Investment Management Inc. boosted its holdings in shares of DDR by 15.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,794,340 shares of the real estate investment trust’s stock worth $25,345,000 after buying an additional 364,915 shares during the period. SG Americas Securities LLC raised its stake in DDR by 2.0% in the 2nd quarter. SG Americas Securities LLC now owns 17,249 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 339 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in DDR by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,478 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 2,384 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in DDR in the 2nd quarter worth about $111,000. Finally, Swiss National Bank raised its stake in DDR by 1.8% in the 2nd quarter. Swiss National Bank now owns 523,400 shares of the real estate investment trust’s stock worth $4,747,000 after purchasing an additional 9,100 shares in the last quarter. 79.86% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on the stock. ValuEngine cut shares of DDR from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Capital One Financial reiterated an “equal weight” rating on shares of DDR in a research note on Friday, December 15th. Mizuho set a $9.00 price objective on shares of DDR and gave the stock a “hold” rating in a research note on Monday, December 18th. Boenning Scattergood reiterated a “sell” rating on shares of DDR in a research note on Monday, December 18th. Finally, Raymond James Financial reiterated a “buy” rating on shares of DDR in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.29.
DDR Corp (NYSE:DDR) opened at $8.59 on Friday. The company has a market cap of $3,165.11, a P/E ratio of -214.75, a PEG ratio of 1.68 and a beta of 0.76. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.51. DDR Corp has a 12-month low of $7.26 and a 12-month high of $15.57.
DDR (NYSE:DDR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $220.10 million during the quarter, compared to analysts’ expectations of $218.58 million. DDR had a net margin of 1.11% and a return on equity of 3.48%. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. sell-side analysts predict that DDR Corp will post 1.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Tuesday, December 12th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 8.85%. The ex-dividend date was Monday, December 11th. DDR’s payout ratio is presently -1,900.00%.
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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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