The Manufacturers Life Insurance Company Grows Holdings in DDR Corp (DDR)

The Manufacturers Life Insurance Company boosted its position in shares of DDR Corp (NYSE:DDR) by 24.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,930 shares of the real estate investment trust’s stock after purchasing an additional 4,768 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in DDR were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DDR. SG Americas Securities LLC increased its holdings in shares of 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 valued at $156,000 after acquiring an additional 339 shares during the period. GAM Holding AG increased its holdings in shares of DDR by 4.4% in the 2nd quarter. GAM Holding AG now owns 26,865 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 1,135 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 valued at $195,000 after acquiring an additional 2,384 shares during the period. Franklin Resources Inc. increased its holdings in shares of DDR by 1.2% in the 2nd quarter. Franklin Resources Inc. now owns 237,633 shares of the real estate investment trust’s stock valued at $2,156,000 after acquiring an additional 2,833 shares during the period. Finally, Profund Advisors LLC increased its holdings in shares of DDR by 25.9% in the 2nd quarter. Profund Advisors LLC now owns 15,228 shares of the real estate investment trust’s stock valued at $138,000 after acquiring an additional 3,132 shares during the period. Institutional investors own 80.04% of the company’s stock.

DDR Corp (DDR) opened at $7.64 on Friday. The stock has a market capitalization of $2,815.07, a PE ratio of 6.37, a PEG ratio of 1.33 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 fifty-two week low of $7.26 and a fifty-two week high of $15.65.

DDR (NYSE:DDR) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The business had revenue of $220.10 million during the quarter, compared to analysts’ expectations of $218.58 million. DDR had a return on equity of 3.48% and a net margin of 1.11%. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. sell-side analysts expect that DDR Corp will post 1.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, December 12th will be paid a $0.19 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.76 annualized dividend and a dividend yield of 9.95%. DDR’s dividend payout ratio is presently -1,900.00%.

A number of research firms have recently weighed in on DDR. Stifel Nicolaus began coverage on DDR in a research report on Thursday, November 30th. They issued a “buy” rating and a $8.25 price objective for the company. Zacks Investment Research cut DDR from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $9.00 price objective (down previously from $11.00) on shares of DDR in a research report on Tuesday, November 7th. Boenning Scattergood reissued a “sell” rating on shares of DDR in a research report on Monday, November 6th. Finally, SunTrust Banks reissued a “hold” rating and issued a $10.00 price objective on shares of DDR in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $11.77.

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DDR 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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