Mutual of America Capital Management LLC Grows Position in DDR Corp. (DDR)

Mutual of America Capital Management LLC lifted its position in shares of DDR Corp. (NYSE:DDR) by 46.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,326 shares of the real estate investment trust’s stock after purchasing an additional 21,700 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DDR Corp. were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of DDR Corp. by 2.5% during the first quarter. Vanguard Group Inc. now owns 48,474,427 shares of the real estate investment trust’s stock valued at $607,386,000 after purchasing an additional 1,163,740 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of DDR Corp. by 23.1% during the first quarter. Goldman Sachs Group Inc. now owns 23,170,463 shares of the real estate investment trust’s stock valued at $290,325,000 after purchasing an additional 4,348,169 shares in the last quarter. BlackRock Inc. boosted its position in shares of DDR Corp. by 7.5% during the second quarter. BlackRock Inc. now owns 22,226,684 shares of the real estate investment trust’s stock valued at $201,598,000 after purchasing an additional 1,545,615 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of DDR Corp. by 18.7% during the second quarter. Bank of New York Mellon Corp now owns 9,664,559 shares of the real estate investment trust’s stock valued at $87,658,000 after purchasing an additional 1,521,023 shares in the last quarter. Finally, State Street Corp boosted its position in shares of DDR Corp. by 2.0% during the first quarter. State Street Corp now owns 9,587,124 shares of the real estate investment trust’s stock valued at $120,130,000 after purchasing an additional 188,347 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Mutual of America Capital Management LLC Grows Position in DDR Corp. (DDR)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/11/mutual-of-america-capital-management-llc-grows-position-in-ddr-corp-ddr.html.

DDR Corp. (NYSE:DDR) opened at 8.92 on Wednesday. The stock’s market cap is $3.27 billion. DDR Corp. has a 52 week low of $8.11 and a 52 week high of $16.63. The firm’s 50-day moving average price is $9.55 and its 200-day moving average price is $9.97.

DDR Corp. (NYSE:DDR) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.22). The company had revenue of $227.40 million for the quarter, compared to the consensus estimate of $222.90 million. DDR Corp. had a negative net margin of 5.48% and a positive return on equity of 1.24%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. Equities analysts predict that DDR Corp. will post ($0.12) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th were given a dividend of $0.19 per share. The ex-dividend date was Monday, September 25th. This represents a $0.76 annualized dividend and a yield of 8.52%. DDR Corp.’s dividend payout ratio (DPR) is presently -379.98%.

Several equities research analysts recently weighed in on DDR shares. Deutsche Bank AG upgraded DDR Corp. from a “hold” rating to a “buy” rating and lifted their price target for the company from $12.00 to $13.00 in a research report on Thursday, July 27th. KeyCorp restated a “buy” rating and set a $13.00 price target on shares of DDR Corp. in a research report on Friday, September 1st. ValuEngine upgraded DDR Corp. from a “hold” rating to a “buy” rating in a research report on Monday, Oct

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of DDR Corp. by 2.5% during the first quarter. Vanguard Group Inc. now owns 48,474,427 shares of the real estate investment trust’s stock valued at $607,386,000 after purchasing an additional 1,163,740 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of DDR Corp. by 23.1% during the first quarter. Goldman Sachs Group Inc. now owns 23,170,463 shares of the real estate investment trust’s stock valued at $290,325,000 after purchasing an additional 4,348,169 shares in the last quarter. BlackRock Inc. boosted its position in shares of DDR Corp. by 7.5% during the second quarter. BlackRock Inc. now owns 22,226,684 shares of the real estate investment trust’s stock valued at $201,598,000 after purchasing an additional 1,545,615 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of DDR Corp. by 18.7% during the second quarter. Bank of New York Mellon Corp now owns 9,664,559 shares of the real estate investment trust’s stock valued at $87,658,000 after purchasing an additional 1,521,023 shares in the last quarter. Finally, State Street Corp boosted its position in shares of DDR Corp. by 2.0% during the first quarter. State Street Corp now owns 9,587,124 shares of the real estate investment trust’s stock valued at $120,130,000 after purchasing an additional 188,347 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Mutual of America Capital Management LLC Grows Position in DDR Corp. (DDR)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/11/mutual-of-america-capital-management-llc-grows-position-in-ddr-corp-ddr.html.

DDR Corp. (NYSE:DDR) opened at 8.92 on Wednesday. The stock’s market cap is $3.27 billion. DDR Corp. has a 52 week low of $8.11 and a 52 week high of $16.63. The firm’s 50-day moving average price is $9.55 and its 200-day moving average price is $9.97.

DDR Corp. (NYSE:DDR) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.22). The company had revenue of $227.40 million for the quarter, compared to the consensus estimate of $222.90 million. DDR Corp. had a negative net margin of 5.48% and a positive return on equity of 1.24%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. Equities analysts predict that DDR Corp. will post ($0.12) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th were given a dividend of $0.19 per share. The ex-dividend date was Monday, September 25th. This represents a $0.76 annualized dividend and a yield of 8.52%. DDR Corp.’s dividend payout ratio (DPR) is presently -379.98%.

Several equities research analysts recently weighed in on DDR shares. Deutsche Bank AG upgraded DDR Corp. from a “hold” rating to a “buy” rating and lifted their price target for the company from $12.00 to $13.00 in a research report on Thursday, July 27th. KeyCorp restated a “buy” rating and set a $13.00 price target on shares of DDR Corp. in a research report on Friday, September 1st. ValuEngine upgraded DDR Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded DDR Corp. from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, October 4th. Finally, Jefferies Group LLC restated a “hold” rating and set a $9.00 price target on shares of DDR Corp. in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. DDR Corp. has a consensus rating of “Hold” and an average target price of $12.85.

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).

Institutional Ownership by Quarter for DDR Corp. (NYSE:DDR)

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