DDR Corp. (DDR) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in DDR Corp. (NYSE:DDR) by 2.5% during the first quarter, Holdings Channel reports. The firm owned 48,474,427 shares of the real estate investment trust’s stock after buying an additional 1,163,740 shares during the period. Vanguard Group Inc. owned about 13.23% of DDR Corp. worth $607,386,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Highbridge Capital Management LLC purchased a new stake in DDR Corp. during the fourth quarter worth approximately $4,097,000. Brookfield Asset Management Inc. boosted its stake in DDR Corp. by 83.6% in the fourth quarter. Brookfield Asset Management Inc. now owns 1,622,500 shares of the real estate investment trust’s stock worth $24,776,000 after buying an additional 739,000 shares during the period. Norges Bank purchased a new stake in DDR Corp. during the fourth quarter worth approximately $34,076,000. United Capital Financial Advisers LLC purchased a new stake in DDR Corp. during the fourth quarter worth approximately $181,000. Finally, Boothbay Fund Management LLC purchased a new stake in DDR Corp. during the fourth quarter worth approximately $240,000. Institutional investors and hedge funds own 82.40% of the company’s stock.

Institutional Ownership by Quarter for DDR Corp. (NYSE:DDR)

DDR Corp. (NYSE:DDR) opened at 8.68 on Friday. The firm has a 50-day moving average price of $9.22 and a 200 day moving average price of $12.82. DDR Corp. has a one year low of $8.28 and a one year high of $19.92. The firm’s market capitalization is $3.18 billion.

DDR Corp. (NYSE:DDR) last posted its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. DDR Corp. had a negative net margin of 4.17% and a positive return on equity of 1.60%. The firm had revenue of $230.98 million during the quarter, compared to analyst estimates of $230.91 million. During the same quarter last year, the business posted $0.31 EPS. The company’s revenue was down 6.2% on a year-over-year basis. Equities research analysts anticipate that DDR Corp. will post ($0.15) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, June 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 8.76%. The ex-dividend date is Tuesday, June 13th. DDR Corp.’s dividend payout ratio is -475.00%.

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A number of analysts have recently commented on the company. Canaccord Genuity cut their target price on DDR Corp. from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, February 24th. Zacks Investment Research lowered DDR Corp. from a “hold” rating to a “sell” rating in a report on Monday, March 6th. Mizuho lifted their price objective on DDR Corp. to $15.00 and gave the company a “neutral” rating in a report on Monday, March 6th. Morgan Stanley raised DDR Corp. from an “underweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock in a report on Monday, March 6th. Finally, Evercore ISI raised DDR Corp. from a “hold” rating to an “outperform” rating in a research note on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. DDR Corp. presently has a consensus rating of “Hold” and a consensus target price of $15.93.

In related news, Director Terrance R. Ahern bought 59,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was bought at an average price of $8.47 per share, for a total transaction of $499,730.00. Following the transaction, the director now directly owns 323,060 shares in the company, valued at $2,736,318.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David R. Lukes bought 60,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was bought at an average price of $8.37 per share, with a total value of $502,200.00. Following the transaction, the chief executive officer now owns 432,948 shares in the company, valued at $3,623,774.76. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,357,325 shares of company stock valued at $12,714,410. Insiders own 16.20% of the company’s stock.

About DDR Corp.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DDR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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).

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