SG Americas Securities LLC Has $209,000 Stake in DDR Corp (DDR)
SG Americas Securities LLC lowered its stake in DDR Corp (NYSE:DDR) by 42.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,340 shares of the real estate investment trust’s stock after selling 17,489 shares during the period. SG Americas Securities LLC’s holdings in DDR were worth $209,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of DDR by 24.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,930 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 4,768 shares during the period. Strs Ohio lifted its stake in shares of DDR by 3.4% in the 4th quarter. Strs Ohio now owns 402,621 shares of the real estate investment trust’s stock valued at $3,607,000 after purchasing an additional 13,420 shares during the period. GSA Capital Partners LLP acquired a new position in shares of DDR in the 3rd quarter valued at $151,000. Royal Bank of Canada lifted its stake in shares of DDR by 317.9% in the 2nd quarter. Royal Bank of Canada now owns 24,049 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 18,294 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of DDR by 65.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 47,060 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 18,600 shares during the period. 80.92% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on DDR. Jefferies Group set a $8.00 price target on DDR and gave the company a “hold” rating in a research note on Tuesday, February 27th. Citigroup set a $10.00 price target on DDR and gave the company a “buy” rating in a research note on Tuesday, February 27th. Sandler O’Neill reissued a “hold” rating and issued a $8.00 price target on shares of DDR in a research note on Friday, February 16th. Mizuho reissued a “hold” rating on shares of DDR in a research note on Friday, February 23rd. Finally, UBS Group reissued a “neutral” rating and issued a $8.00 price target (down previously from $9.00) on shares of DDR in a research note on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. DDR has a consensus rating of “Hold” and an average price target of $9.65.
DDR (NYSE:DDR) last issued its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The business had revenue of $209.43 million for the quarter, compared to the consensus estimate of $205.20 million. DDR had a negative return on equity of 5.56% and a negative net margin of 27.22%. The firm’s revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. analysts expect that DDR Corp will post 1 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date of this dividend is Thursday, March 15th. DDR’s dividend payout ratio (DPR) is presently -104.11%.
In other news, Director Alexander Otto bought 1,351,558 shares of the stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $7.81 per share, for a total transaction of $10,555,667.98. Following the acquisition, the director now owns 48,963,634 shares in the company, valued at $382,405,981.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 16.10% of the stock is currently owned by corporate insiders.
COPYRIGHT VIOLATION WARNING: “SG Americas Securities LLC Has $209,000 Stake in DDR Corp (DDR)” was posted by Daily Political and is the property of of Daily Political. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.dailypolitical.com/2018/03/05/sg-americas-securities-llc-has-209000-stake-in-ddr-corp-ddr.html.
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).
Want to see what other hedge funds are holding DDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DDR Corp (NYSE:DDR).
Receive News & Ratings for DDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DDR and related companies with MarketBeat.com's FREE daily email newsletter.