LSV Asset Management Decreases Holdings in DDR Corp (DDR)

LSV Asset Management reduced its stake in DDR Corp (NYSE:DDR) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,977,562 shares of the real estate investment trust’s stock after selling 126,850 shares during the period. LSV Asset Management’s holdings in DDR were worth $66,649,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in DDR by 17.0% in the first quarter. Principal Financial Group Inc. now owns 9,227,557 shares of the real estate investment trust’s stock valued at $67,638,000 after acquiring an additional 1,338,345 shares during the period. Victory Capital Management Inc. boosted its stake in DDR by 0.6% in the third quarter. Victory Capital Management Inc. now owns 3,755,341 shares of the real estate investment trust’s stock valued at $50,284,000 after acquiring an additional 21,165 shares during the period. Millennium Management LLC boosted its stake in DDR by 177.3% in the second quarter. Millennium Management LLC now owns 1,547,215 shares of the real estate investment trust’s stock valued at $27,695,000 after acquiring an additional 989,253 shares during the period. Russell Investments Group Ltd. boosted its stake in DDR by 36.9% in the third quarter. Russell Investments Group Ltd. now owns 1,135,141 shares of the real estate investment trust’s stock valued at $15,109,000 after acquiring an additional 305,863 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in DDR by 86.1% in the first quarter. Allianz Asset Management GmbH now owns 1,107,497 shares of the real estate investment trust’s stock valued at $8,118,000 after acquiring an additional 512,497 shares during the period. Institutional investors own 81.77% of the company’s stock.

A number of equities analysts have commented on the company. ValuEngine upgraded DDR from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Robert W. Baird restated a “hold” rating and issued a $14.00 target price on shares of DDR in a research note on Friday, July 27th. Citigroup decreased their target price on DDR from $16.50 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, July 31st. Royal Bank of Canada restated a “hold” rating and issued a $15.00 target price on shares of DDR in a research note on Tuesday, July 31st. Finally, Zacks Investment Research raised DDR from a “strong sell” rating to a “hold” rating in a report on Monday, September 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.19.

DDR opened at $11.99 on Friday. DDR Corp has a twelve month low of $10.95 and a twelve month high of $15.08.

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

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