Kemper Corp Master Retirement Trust Reduces Position in DDR Corp (NYSE:DDR)

Kemper Corp Master Retirement Trust cut its position in shares of DDR Corp (NYSE:DDR) by 25.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,330 shares of the real estate investment trust’s stock after selling 7,850 shares during the quarter. Kemper Corp Master Retirement Trust’s holdings in DDR were worth $209,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Lourd Capital LLC bought a new position in shares of DDR during the fourth quarter worth about $136,000. GSA Capital Partners LLP bought a new position in shares of DDR during the third quarter worth about $151,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of DDR by 79.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,286 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 9,003 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of DDR by 24.9% during the second quarter. The Manufacturers Life Insurance Company now owns 23,930 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 4,768 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of DDR by 317.9% during the second quarter. Royal Bank of Canada now owns 24,049 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 18,294 shares in the last quarter. Institutional investors and hedge funds own 81.58% of the company’s stock.

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A number of research analysts recently issued reports on the company. Morgan Stanley decreased their price objective on DDR from $9.50 to $7.50 and set an “equal weight” rating for the company in a report on Tuesday, March 27th. Zacks Investment Research cut DDR from a “hold” rating to a “sell” rating in a research report on Monday, March 26th. Evercore ISI cut DDR from an “in-line” rating to an “underperform” rating in a research report on Monday, March 5th. Jefferies Group set a $8.00 price target on DDR and gave the company a “hold” rating in a research report on Tuesday, February 27th. Finally, Citigroup set a $10.00 price target on DDR and gave the company a “buy” rating in a research report on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.60.

DDR opened at $7.48 on Friday. DDR Corp has a 12-month low of $6.76 and a 12-month high of $13.00. The company has a market capitalization of $2,787.08, a PE ratio of 6.34, a price-to-earnings-growth ratio of 1.51 and a beta of 0.61. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.62.

DDR (NYSE:DDR) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. DDR had a negative return on equity of 5.56% and a negative net margin of 27.22%. The company had revenue of $209.43 million during the quarter, compared to analysts’ expectations of $205.20 million. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue was down 9.8% on a year-over-year basis. equities research analysts anticipate that DDR Corp will post 1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Friday, March 16th were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.16%. DDR’s payout ratio is 64.41%.

In other DDR news, Director Alexander Otto acquired 1,351,558 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $7.81 per share, with a total value of $10,555,667.98. Following the completion of the transaction, the director now directly owns 48,963,634 shares in the company, valued at approximately $382,405,981.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders bought 5,027,655 shares of company stock valued at $37,275,524. Insiders own 16.10% of the company’s stock.

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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).

Institutional Ownership by Quarter for DDR (NYSE:DDR)

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