Real Estate Management Services buys $29,619,738 stake in DDR Corp (DDR)

DDR Corp (DDR) : Real Estate Management Services scooped up 88,900 additional shares in DDR Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 1,670,600 shares of DDR Corp which is valued at $29,619,738.DDR Corp makes up approximately 4.72% of Real Estate Management Services’s portfolio.

DDR Corp opened for trading at $17.69 and hit $17.83 on the upside on Monday, eventually ending the session at $17.76, with a gain of 0.17% or 0.03 points. The heightened volatility saw the trading volume jump to 15,08,424 shares. Company has a market cap of $6,488 M.

Other Hedge Funds, Including , Carnegie Capital Asset Management reduced its stake in DDR by selling 250 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 54,885 shares of DDR which is valued at $973,111. DDR Corp makes up approx 0.15% of Carnegie Capital Asset Management’s portfolio.State Of Alaska Department Of Revenue reduced its stake in DDR by selling 3,050 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 171,620 shares of DDR which is valued at $3,042,823. DDR Corp makes up approx 0.32% of State Of Alaska Department Of Revenue’s portfolio.Creative Planning boosted its stake in DDR in the latest quarter, The investment management firm added 15,339 additional shares and now holds a total of 99,422 shares of DDR Corp which is valued at $1,725,966. DDR Corp makes up approx 0.01% of Creative Planning’s portfolio. Proficio Capital Partners added DDR to its portfolio by purchasing 80 company shares during the most recent quarter which is valued at $1,389.

On the company’s financial health, DDR Corp reported $0.31 EPS for the quarter, based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus estimate of $0.31. The company had revenue of $246.50 million for the quarter, compared to analysts expectations of $250.44 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

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 was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Jan 22, 2016.

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.

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