SG Americas Securities LLC Sells 22,121 Shares of DDR Corp (DDR)
SG Americas Securities LLC cut its holdings in DDR Corp (NYSE:DDR) by 19.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,774 shares of the real estate investment trust’s stock after selling 22,121 shares during the quarter. SG Americas Securities LLC’s holdings in DDR were worth $1,256,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of DDR by 16.2% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 336,712 shares of the real estate investment trust’s stock worth $6,027,000 after purchasing an additional 47,017 shares during the period. Alps Advisors Inc. lifted its holdings in shares of DDR by 16.2% during the second quarter. Alps Advisors Inc. now owns 80,801 shares of the real estate investment trust’s stock worth $1,446,000 after purchasing an additional 11,288 shares during the period. Ironwood Investment Management LLC acquired a new stake in shares of DDR during the second quarter worth about $401,000. Russell Investments Group Ltd. lifted its holdings in shares of DDR by 66.2% during the second quarter. Russell Investments Group Ltd. now owns 829,278 shares of the real estate investment trust’s stock worth $14,869,000 after purchasing an additional 330,225 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in shares of DDR during the second quarter worth about $359,000. 81.77% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the company. Citigroup downgraded DDR from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $15.00 in a report on Friday, September 14th. Zacks Investment Research raised DDR from a “strong sell” rating to a “hold” rating in a report on Monday, September 3rd. SunTrust Banks reaffirmed a “hold” rating and set a $14.00 target price on shares of DDR in a report on Thursday, August 16th. Finally, Deutsche Bank downgraded DDR from a “buy” rating to a “hold” rating and decreased their target price for the stock from $15.00 to $14.00 in a report on Tuesday, August 28th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. DDR presently has a consensus rating of “Hold” and an average price target of $15.19.
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DDR Company Profile
DDR is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.
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