Schroder Investment Management Group Purchases 43,455 Shares of DDR Corp. (DDR)
Schroder Investment Management Group boosted its stake in DDR Corp. (NYSE:DDR) by 27.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 199,254 shares of the real estate investment trust’s stock after buying an additional 43,455 shares during the period. Schroder Investment Management Group owned approximately 0.05% of DDR Corp. worth $3,614,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its stake in shares of DDR Corp. by 1.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,900 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 100 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of DDR Corp. during the second quarter valued at $245,000. Gateway Investment Advisers LLC boosted its stake in shares of DDR Corp. by 7.8% in the second quarter. Gateway Investment Advisers LLC now owns 14,563 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 1,051 shares during the last quarter. World Asset Management Inc boosted its stake in shares of DDR Corp. by 6.5% in the second quarter. World Asset Management Inc now owns 14,895 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 907 shares during the last quarter. Finally, Timber Hill LLC purchased a new stake in shares of DDR Corp. during the second quarter valued at $271,000. 89.81% of the stock is currently owned by institutional investors.
DDR Corp. (NYSE:DDR) traded down 0.434% on Wednesday, reaching $17.215. The company’s stock had a trading volume of 4,775,826 shares. DDR Corp. has a 1-year low of $14.99 and a 1-year high of $19.92. The firm’s 50 day moving average price is $18.62 and its 200-day moving average price is $18.01. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 28.884 and a beta of 1.04.
DDR Corp. (NYSE:DDR) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The business earned $245.90 million during the quarter, compared to analyst estimates of $243.03 million. DDR Corp. had a return on equity of 7.76% and a net margin of 24.27%. DDR Corp.’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. Equities analysts forecast that DDR Corp. will post $1.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Friday, September 23rd will be issued a $0.19 dividend. The ex-dividend date is Wednesday, September 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.35%. DDR Corp.’s dividend payout ratio is presently 126.67%.
Several equities research analysts recently weighed in on DDR shares. Jefferies Group reaffirmed a “hold” rating and issued a $19.00 price target on shares of DDR Corp. in a research note on Wednesday, July 27th. Canaccord Genuity reissued a “hold” rating on shares of DDR Corp. in a research note on Monday, July 11th. Deutsche Bank AG increased their target price on DDR Corp. from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, July 18th. Citigroup Inc. increased their target price on DDR Corp. from $18.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, August 12th. Finally, Credit Suisse Group AG cut DDR Corp. from an “outperform” rating to a “neutral” rating and set a $18.50 target price on the stock. in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. DDR Corp. has an average rating of “Hold” and an average price target of $18.77.
In other news, VP Christa A. Vesy sold 5,000 shares of DDR Corp. stock in a transaction on Monday, June 27th. The stock was sold at an average price of $17.38, for a total value of $86,900.00. Following the transaction, the vice president now directly owns 89,506 shares in the company, valued at approximately $1,555,614.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott D. Roulston purchased 5,500 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was bought at an average price of $18.61 per share, for a total transaction of $102,355.00. Following the completion of the acquisition, the director now directly owns 18,723 shares in the company, valued at approximately $348,435.03. The disclosure for this purchase can be found here. 16.20% of the stock is owned by insiders.
About DDR Corp.
DDR Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: shopping centers and loan investments. The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, it engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers.
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