Nationwide Fund Advisors decreased its holdings in shares of DDR Corp. (NYSE:DDR) by 7.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,609 shares of the real estate investment trust’s stock after selling 3,643 shares during the quarter. Nationwide Fund Advisors’ holdings in DDR Corp. were worth $396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in shares of DDR Corp. by 2.0% during the second quarter. SG Americas Securities LLC now owns 17,249 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 339 shares during the last quarter. GAM Holding AG grew its stake in shares of DDR Corp. by 4.4% during the second quarter. GAM Holding AG now owns 26,865 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 1,135 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of DDR Corp. by 12.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,478 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 2,384 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of DDR Corp. by 1.2% during the second quarter. Franklin Resources Inc. now owns 237,633 shares of the real estate investment trust’s stock valued at $2,156,000 after buying an additional 2,833 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of DDR Corp. by 2.9% during the first quarter. UBS Group AG now owns 103,451 shares of the real estate investment trust’s stock valued at $1,297,000 after buying an additional 2,911 shares during the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DDR Corp. (NYSE DDR) opened at $7.89 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $2,918.24, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 1.39 and a beta of 0.76. DDR Corp. has a twelve month low of $7.55 and a twelve month high of $15.82.

DDR Corp. (NYSE:DDR) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $220.10 million during the quarter, compared to analyst estimates of $218.58 million. DDR Corp. had a return on equity of 3.44% and a net margin of 1.11%. DDR Corp.’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. equities analysts forecast that DDR Corp. will post 1.14 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, September 25th. This represents a $0.76 dividend on an annualized basis and a yield of 9.63%. DDR Corp.’s dividend payout ratio is currently -1,900.00%.

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DDR has been the topic of a number of analyst reports. Mizuho reaffirmed a “hold” rating and set a $10.00 target price on shares of DDR Corp. in a research note on Monday, October 9th. Boenning Scattergood reaffirmed a “hold” rating on shares of DDR Corp. in a research note on Thursday, July 27th. Zacks Investment Research raised DDR Corp. from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Wednesday, October 4th. ValuEngine raised DDR Corp. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $10.00 target price on shares of DDR Corp. in a research note on Friday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.42.

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).

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

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