Alps Advisors Inc. Takes $242,000 Position in DDR Corp (DDR)

Alps Advisors Inc. purchased a new position in DDR Corp (NYSE:DDR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 27,029 shares of the real estate investment trust’s stock, valued at approximately $242,000.

Other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its position in DDR by 6.1% in the 2nd quarter. Northern Trust Corp now owns 3,000,951 shares of the real estate investment trust’s stock worth $27,219,000 after purchasing an additional 173,544 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in DDR by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,403,508 shares of the real estate investment trust’s stock worth $39,942,000 after purchasing an additional 181,981 shares in the last quarter. Royal Bank of Canada boosted its position in 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 worth $218,000 after purchasing an additional 18,294 shares in the last quarter. Macquarie Group Ltd. boosted its position in DDR by 150.1% in the 2nd quarter. Macquarie Group Ltd. now owns 354,771 shares of the real estate investment trust’s stock worth $3,218,000 after purchasing an additional 212,946 shares in the last quarter. Finally, State Street Corp boosted its position in DDR by 0.4% in the 2nd quarter. State Street Corp now owns 9,623,554 shares of the real estate investment trust’s stock worth $87,284,000 after purchasing an additional 36,430 shares in the last quarter. Institutional investors and hedge funds own 78.89% of the company’s stock.

Several research firms have commented on DDR. Stifel Nicolaus began coverage on DDR in a research report on Thursday, November 30th. They issued a “buy” rating and a $8.25 price objective on the stock. SunTrust Banks restated a “hold” rating and issued a $10.00 price objective on shares of DDR in a research report on Friday, November 3rd. Zacks Investment Research upgraded DDR from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Capital One Financial restated an “equal weight” rating on shares of DDR in a research report on Friday, December 15th. Finally, ValuEngine lowered DDR from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.21.

DDR Corp (NYSE DDR) opened at $7.19 on Thursday. DDR Corp has a 52-week low of $6.77 and a 52-week high of $14.89. The stock has a market capitalization of $2,645.58, a P/E ratio of -179.75, a PEG ratio of 1.41 and a beta of 0.60. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.61 and a current ratio of 0.61.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 16th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.57%. DDR’s dividend payout ratio (DPR) is -1,900.00%.

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

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