Security Capital Research Management Inc buys $122.6 Million stake in DDR Corp (DDR)

DDR Corp (DDR) : Security Capital Research Management Inc scooped up 94,428 additional shares in DDR Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 6,983,721 shares of DDR Corp which is valued at $122.6 Million.DDR Corp makes up approximately 3.86% of Security Capital Research Management Inc’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities boosted its stake in DDR in the latest quarter, The investment management firm added 11,754 additional shares and now holds a total of 27,568 shares of DDR Corp which is valued at $484,094.Comerica Bank boosted its stake in DDR in the latest quarter, The investment management firm added 79 additional shares and now holds a total of 16,752 shares of DDR Corp which is valued at $294,165.Mizuho Trust Banking Ltd. reduced its stake in DDR by selling 872 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 56,375 shares of DDR which is valued at $986,563.

DDR Corp opened for trading at $16.87 and hit $17.02 on the upside on Friday, eventually ending the session at $16.98, with a gain of 0.95% or 0.16 points. The heightened volatility saw the trading volume jump to 15,73,564 shares. Company has a market cap of $6,205 M.

On the company’s financial health, DDR Corp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.30. The company had revenue of $246.30 million for the quarter, compared to analysts expectations of $249.54 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Investors should note that on May 11, 2016, DDR Corp announced a cash dividend of $0.1900. The company’s management has announced Jun 7, 2016 as the ex-dividend date and fixed the record date on Jun 9, 2016. The payable date has been fixed on Jul 6, 2016.

Many Wall Street Analysts have commented on DDR Corp. DDR Corp was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 15, 2016. Mizuho Initiated DDR Corp on Apr 14, 2016 to “Neutral”, Price Target of the shares are set at $19.

DDR Corp. (DDR) is a self-administered and self-managed real estate investment trust (REIT). The Company is in the business of acquiring owning developing redeveloping expanding leasing and managing shopping centers. In addition the Company engages in the origination and acquisition of loans and debt securities which are generally collateralized directly or indirectly by shopping centers. The Company owns and manages approximately 415 shopping centers representing 118 million square feet in 41 states and Puerto Rico. DDR has completed 53 redevelopment projects. Its properties include Eastland Center in California Easton Market in Ohio and The Maxwell in Illinois.

Leave a Reply

DDR Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on DDR Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.