Staley Capital Advisers Inc. Buys New Holdings in DDR Corp. (NYSE:DDR)

Staley Capital Advisers Inc. bought a new position in shares of DDR Corp. (NYSE:DDR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 108,000 shares of the real estate investment trust’s stock, valued at approximately $989,000.

A number of other institutional investors have also bought and sold shares of the stock. Aperio Group LLC raised its position in DDR by 228.8% during the 2nd quarter. Aperio Group LLC now owns 393,589 shares of the real estate investment trust’s stock valued at $3,570,000 after purchasing an additional 273,878 shares during the last quarter. US Bancorp DE raised its position in DDR by 408.1% during the 2nd quarter. US Bancorp DE now owns 19,450 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 15,622 shares during the last quarter. Greenleaf Trust bought a new position in shares of DDR in the 2nd quarter worth approximately $123,000. Russell Investments Group Ltd. raised its position in shares of DDR by 47.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 695,561 shares of the real estate investment trust’s stock worth $6,334,000 after acquiring an additional 224,649 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of DDR in the 2nd quarter worth approximately $127,000. Institutional investors and hedge funds own 80.04% of the company’s stock.

Shares of DDR Corp. (NYSE DDR) traded down $0.22 during trading on Wednesday, reaching $7.60. The company had a trading volume of 3,047,900 shares, compared to its average volume of 5,011,001. DDR Corp. has a one year low of $7.55 and a one year high of $15.82. The company has a market cap of $2,881.39, a PE ratio of 6.52, a P/E/G ratio of 1.36 and a beta of 0.76. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.51.

DDR (NYSE:DDR) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.03. The business had revenue of $220.10 million for 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 business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. equities research analysts anticipate that DDR Corp. will post 1.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 12th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, December 11th. This represents a $0.76 dividend on an annualized basis and a yield of 10.00%. DDR’s dividend payout ratio is presently -1,900.00%.

A number of research firms recently weighed in on DDR. ValuEngine lowered DDR from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp reiterated a “buy” rating and set a $13.00 target price on shares of DDR in a research note on Friday, September 1st. Zacks Investment Research upgraded DDR from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Wednesday, October 4th. Boenning Scattergood downgraded DDR from a “neutral” rating to an “under perform” rating in a research note on Tuesday, October 3rd. Finally, Mizuho restated 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 issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.77.

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DDR Company 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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