Prudential Financial Inc. grew its stake in DDR Corp. (NYSE:DDR) by 71.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,161,322 shares of the real estate investment trust’s stock after buying an additional 1,317,007 shares during the period. Prudential Financial Inc. owned 0.86% of DDR Corp. worth $28,958,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Sigma Planning Corp acquired a new position in shares of DDR Corp. in the 2nd quarter valued at $100,000. Cutter & CO Brokerage Inc. acquired a new stake in DDR Corp. during the 2nd quarter worth $104,000. Cambridge Investment Research Advisors Inc. acquired a new stake in DDR Corp. during the 2nd quarter worth $111,000. Janney Montgomery Scott LLC acquired a new stake in DDR Corp. during the 2nd quarter worth $121,000. Finally, Greenleaf Trust acquired a new stake in DDR Corp. during the 2nd quarter worth $123,000. Institutional investors and hedge funds own 80.08% of the company’s stock.
DDR Corp. (DDR) opened at $8.03 on Wednesday. DDR Corp. has a twelve month low of $7.55 and a twelve month high of $15.82. The firm has a market cap of $2,918.24, a PE ratio of 6.60, a price-to-earnings-growth ratio of 1.39 and a beta of 0.76. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.51.
DDR Corp. (NYSE:DDR) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. DDR Corp. had a net margin of 1.11% and a return on equity of 3.48%. The company had revenue of $220.10 million for the quarter, compared to analysts’ expectations of $218.58 million. During the same period last year, the company earned $0.33 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. equities research analysts anticipate that DDR Corp. will post 1.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 12th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.76 annualized dividend and a dividend yield of 9.46%. DDR Corp.’s dividend payout ratio is currently -1,900.00%.
A number of brokerages have commented on DDR. restated a “hold” rating on shares of DDR Corp. in a research report on Thursday, July 27th. Deutsche Bank AG upgraded shares of DDR Corp. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a research report on Thursday, July 27th. upgraded shares of DDR Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. downgraded shares of DDR Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, upgraded shares of DDR Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.04.
DDR Corp. Company Profile
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).
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