Chicago Equity Partners LLC Invests $933,000 in DDR Corp. (DDR) Stock
Chicago Equity Partners LLC bought a new position in shares of DDR Corp. (NYSE:DDR) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 101,860 shares of the real estate investment trust’s stock, valued at approximately $933,000.
Other institutional investors also recently made changes to their positions in the company. Sigma Planning Corp acquired a new stake in shares of DDR Corp. in the second quarter valued at $100,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of DDR Corp. in the second quarter valued at $104,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of DDR Corp. in the second quarter valued at $111,000. Janney Montgomery Scott LLC acquired a new stake in shares of DDR Corp. in the second quarter valued at $121,000. Finally, Greenleaf Trust acquired a new stake in shares of DDR Corp. in the second quarter valued at $123,000. 80.08% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on the company. Boenning Scattergood reiterated a “hold” rating on shares of DDR Corp. in a research report on Thursday, July 27th. Deutsche Bank AG upgraded DDR Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $13.00 in a research report on Thursday, July 27th. Zacks Investment Research upgraded DDR Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine lowered DDR Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded DDR Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. DDR Corp. has a consensus rating of “Hold” and an average price target of $12.04.
Shares of DDR Corp. (DDR) opened at $8.15 on Thursday. DDR Corp. has a 1 year low of $7.55 and a 1 year high of $15.82. The stock has a market capitalization of $2,958.77, a P/E ratio of 6.69, a P/E/G ratio of 1.41 and a beta of 0.76. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.61 and a quick ratio of 0.61.
DDR Corp. (NYSE:DDR) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The firm had revenue of $220.10 million for the quarter, compared to analyst estimates of $218.58 million. DDR Corp. 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 quarter in the previous year, the firm earned $0.33 EPS. equities analysts expect that DDR Corp. will post 1.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 12th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 9.33%. The ex-dividend date is Monday, December 11th. DDR Corp.’s dividend payout ratio (DPR) is -1,900.00%.
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).
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