Orinda Asset Management LLC Has $4.06 Million Position in DDR Corp. (DDR)
Orinda Asset Management LLC lifted its stake in shares of DDR Corp. (NYSE:DDR) by 26.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 443,530 shares of the real estate investment trust’s stock after buying an additional 92,500 shares during the period. DDR Corp. comprises about 3.7% of Orinda Asset Management LLC’s holdings, making the stock its 12th largest position. Orinda Asset Management LLC owned approximately 0.12% of DDR Corp. worth $4,063,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC boosted its position in shares of DDR Corp. by 660.2% during the third quarter. Quantitative Systematic Strategies LLC now owns 77,042 shares of the real estate investment trust’s stock valued at $706,000 after buying an additional 66,907 shares during the last quarter. Brookfield Asset Management Inc. boosted its position in shares of DDR Corp. by 312.0% during the second quarter. Brookfield Asset Management Inc. now owns 8,181,400 shares of the real estate investment trust’s stock valued at $74,205,000 after buying an additional 6,195,700 shares during the last quarter. 1st Global Advisors Inc. purchased a new position in shares of DDR Corp. during the second quarter valued at approximately $131,000. Piedmont Investment Advisors LLC bought a new stake in DDR Corp. during the second quarter worth $1,201,000. Finally, Nomura Holdings Inc. lifted its holdings in DDR Corp. by 163.2% during the second quarter. Nomura Holdings Inc. now owns 68,441 shares of the real estate investment trust’s stock worth $620,000 after acquiring an additional 42,441 shares during the period. 79.98% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/orinda-asset-management-llc-has-4-06-million-position-in-ddr-corp-ddr/1644032.html.
A number of analysts recently commented on DDR shares. KeyCorp reiterated a “buy” rating and set a $13.00 price target on shares of DDR Corp. in a report on Friday, September 1st. BidaskClub upgraded DDR Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Deutsche Bank AG upgraded DDR Corp. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $13.00 in a report on Thursday, July 27th. ValuEngine lowered DDR Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $12.00 price target (down from $14.50) on shares of DDR Corp. in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. DDR Corp. has an average rating of “Hold” and a consensus price target of $12.63.
Shares of DDR Corp. (NYSE:DDR) traded down 1.50% during mid-day trading on Friday, hitting $8.51. The company’s stock had a trading volume of 2,461,630 shares. The company’s market cap is $3.12 billion. DDR Corp. has a 52-week low of $8.11 and a 52-week high of $16.53. The stock’s 50 day moving average price is $9.35 and its 200 day moving average price is $9.82.
DDR Corp. (NYSE:DDR) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.22). The firm had revenue of $227.40 million during the quarter, compared to analysts’ expectations of $222.90 million. DDR Corp. had a positive return on equity of 1.24% and a negative net margin of 5.48%. The business’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. Equities analysts forecast that DDR Corp. will post ($0.12) EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th were paid a $0.19 dividend. The ex-dividend date was Monday, September 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.93%. DDR Corp.’s dividend payout ratio (DPR) is currently -379.98%.
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).
Receive News & Ratings for DDR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DDR Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.