GSA Capital Partners LLP bought a new position in DDR Corp. (NYSE:DDR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,498 shares of the real estate investment trust’s stock, valued at approximately $245,000.
Other large investors have also bought and sold shares of the company. Canada Pension Plan Investment Board raised its stake in DDR Corp. by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,900 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 100 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in DDR Corp. by 7.8% in the second quarter. Gateway Investment Advisers LLC now owns 14,563 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,051 shares in the last quarter. World Asset Management Inc raised its stake in DDR Corp. by 6.5% in the second quarter. World Asset Management Inc now owns 14,895 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 907 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in DDR Corp. by 1.0% in the first quarter. BlackRock Japan Co. Ltd now owns 16,176 shares of the real estate investment trust’s stock worth $288,000 after buying an additional 154 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in DDR Corp. during the second quarter worth $328,000. Institutional investors own 89.81% of the company’s stock.
DDR Corp. (NYSE:DDR) traded down 0.85% on Friday, hitting $17.50. 1,943,784 shares of the stock were exchanged. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 29.36 and a beta of 1.04. The company has a 50-day moving average of $18.31 and a 200-day moving average of $18.03. DDR Corp. has a 12 month low of $15.25 and a 12 month high of $19.92.
DDR Corp. (NYSE:DDR) last announced its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $245.90 million for the quarter, compared to analyst estimates of $243.03 million. DDR Corp. had a net margin of 24.27% and a return on equity of 7.76%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, equities analysts predict that DDR Corp. will post $1.26 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Friday, September 23rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Wednesday, September 21st. DDR Corp.’s payout ratio is 126.67%.
A number of equities research analysts recently weighed in on the stock. Mizuho lowered shares of DDR Corp. from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $19.00 to $17.00 in a report on Monday, July 11th. Bank of America Corp. lowered shares of DDR Corp. from a “buy” rating to a “neutral” rating in a report on Monday, July 11th. Jefferies Group restated a “hold” rating on shares of DDR Corp. in a report on Tuesday, September 13th. Canaccord Genuity restated a “hold” rating on shares of DDR Corp. in a report on Monday, July 11th. Finally, Citigroup Inc. upped their target price on shares of DDR Corp. from $18.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, August 12th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.77.
In other DDR Corp. news, Director Scott D. Roulston acquired 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were acquired at an average price of $18.61 per share, with a total value of $102,355.00. Following the completion of the purchase, the director now directly owns 18,723 shares of the company’s stock, valued at approximately $348,435.03. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert H. Gidel sold 16,000 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $19.50, for a total transaction of $312,000.00. Following the sale, the director now directly owns 51,954 shares in the company, valued at approximately $1,013,103. The disclosure for this sale can be found here. Insiders own 16.20% of the company’s stock.
DDR Corp. Company Profile
DDR Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: shopping centers and loan investments. The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, it engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers.
Want to see what other hedge funds are holding DDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DDR Corp. (NYSE:DDR).
Receive News & Ratings for DDR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DDR Corp. and related companies with MarketBeat.com's FREE daily email newsletter.