Jane Street Group LLC bought a new position in shares of DDR Corp (NYSE:DDR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 192,983 shares of the real estate investment trust’s stock, valued at approximately $1,729,000. Jane Street Group LLC owned approximately 0.05% of DDR as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of DDR. Verition Fund Management LLC purchased a new position in shares of DDR in the 4th quarter worth about $119,000. LPL Financial LLC boosted its holdings in shares of DDR by 239.8% in the 4th quarter. LPL Financial LLC now owns 52,146 shares of the real estate investment trust’s stock worth $467,000 after purchasing an additional 36,802 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of DDR by 102.3% in the 4th quarter. Millennium Management LLC now owns 2,888,220 shares of the real estate investment trust’s stock worth $25,878,000 after purchasing an additional 1,460,481 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of DDR by 79.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,286 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 9,003 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of DDR in the 4th quarter worth about $12,238,000. Institutional investors and hedge funds own 81.17% of the company’s stock.
A number of equities analysts have recently issued reports on DDR shares. Citigroup reiterated a “buy” rating on shares of DDR in a report on Friday, December 15th. Zacks Investment Research cut DDR from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. ValuEngine lowered DDR from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Boenning Scattergood reissued a “sell” rating on shares of DDR in a research note on Monday, December 18th. Finally, Sandler O’Neill reissued a “hold” rating and issued a $8.00 target price on shares of DDR in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. DDR presently has an average rating of “Hold” and an average target price of $9.65.
DDR (NYSE:DDR) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $209.43 million during the quarter, compared to analyst estimates of $205.20 million. DDR had a negative return on equity of 5.56% and a negative net margin of 27.22%. DDR’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS. analysts expect that DDR Corp will post 1 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 10.94%. The ex-dividend date is Thursday, March 15th. DDR’s payout ratio is -104.11%.
In other DDR news, Director Alexander Otto purchased 1,351,558 shares of the stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $7.81 per share, with a total value of $10,555,667.98. Following the transaction, the director now directly owns 48,963,634 shares of the company’s stock, valued at approximately $382,405,981.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.10% of the company’s stock.
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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