Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in shares of DDR Corp. (NYSE:DDR) by 45.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,128 shares of the real estate investment trust’s stock after selling 130,728 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.09% of DDR worth $2,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bayesian Capital Management LP bought a new position in DDR during the 1st quarter valued at $116,000. American Century Companies Inc. bought a new position in DDR during the 1st quarter valued at $173,000. HRT Financial LLC bought a new position in DDR during the 1st quarter valued at $194,000. Dupont Capital Management Corp bought a new position in DDR during the 1st quarter valued at $204,000. Finally, Fox Run Management L.L.C. bought a new position in DDR during the 2nd quarter valued at $694,000.

Shares of NYSE:DDR opened at $14.40 on Friday. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 1.67 and a beta of 0.55. DDR Corp. has a 1-year low of $10.95 and a 1-year high of $16.89. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.81 and a current ratio of 0.81.

DDR (NYSE:DDR) last issued its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $204.32 million for the quarter, compared to analysts’ expectations of $200.65 million. DDR had a negative net margin of 32.65% and a negative return on equity of 6.72%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. equities research analysts anticipate that DDR Corp. will post 1.62 EPS for the current year.

In other DDR news, Director Scott D. Roulston sold 10,734 shares of the stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $16.47, for a total transaction of $176,788.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alexander Otto bought 1,124,158 shares of the company’s stock in a transaction on Monday, June 25th. The shares were acquired at an average cost of $17.86 per share, for a total transaction of $20,077,461.88. Following the completion of the acquisition, the director now directly owns 30,623,353 shares of the company’s stock, valued at approximately $546,933,084.58. The disclosure for this purchase can be found here. Insiders have acquired 2,479,887 shares of company stock worth $44,137,608 over the last three months. 17.60% of the stock is owned by corporate insiders.

A number of research analysts have commented on DDR shares. Citigroup reduced their price objective on shares of DDR from $16.50 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, July 31st. Morgan Stanley increased their price objective on shares of DDR from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, June 14th. Stifel Nicolaus increased their price objective on shares of DDR from $7.25 to $15.50 and gave the company a “hold” rating in a research note on Thursday, May 24th. Zacks Investment Research upgraded shares of DDR from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Finally, Robert W. Baird reiterated a “hold” rating and set a $14.00 price objective on shares of DDR in a research note on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.80.

DDR Profile

DDR is an owner and manager of 258 value-oriented shopping centers representing 89 million square feet in 32 states and Puerto Rico. The Company owns a high-quality portfolio of open-air shopping centers in major metropolitan areas that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.

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Institutional Ownership by Quarter for DDR (NYSE:DDR)

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