AMP Capital Investors Ltd lifted its stake in DDR Corp (NYSE:DDR) by 105.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 264,177 shares of the real estate investment trust’s stock after purchasing an additional 135,799 shares during the period. AMP Capital Investors Ltd owned 0.07% of DDR worth $2,420,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position 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 worth $156,000 after purchasing an additional 339 shares during the period. GAM Holding AG lifted its position 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 worth $244,000 after purchasing an additional 1,135 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 worth $195,000 after purchasing an additional 2,384 shares during the period. Franklin Resources Inc. lifted its position 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 worth $2,156,000 after purchasing an additional 2,833 shares during the period. Finally, Profund Advisors LLC increased its stake 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 worth $138,000 after acquiring an additional 3,132 shares in the last quarter. 79.86% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on DDR. ValuEngine lowered shares of DDR from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reiterated a “buy” rating and issued a $13.00 price target on shares of DDR in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of DDR from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Wednesday, October 4th. Boenning Scattergood lowered shares of DDR from a “neutral” rating to an “under perform” rating in a research note on Tuesday, October 3rd. Finally, Mizuho reiterated a “hold” rating and issued a $10.00 price target on shares of DDR in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.36.
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 business had revenue of $220.10 million during the quarter, compared to analyst estimates of $218.58 million. DDR had a net margin of 1.11% and a return on equity of 3.48%. DDR’s revenue was down 10.2% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. equities research analysts predict that DDR Corp will post 1.15 earnings per share for the current year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.76 dividend on an annualized basis and a yield of 8.65%. DDR’s dividend payout ratio is currently -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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