TIAA CREF Investment Management LLC grew its holdings in shares of DDR Corp (NYSE:DDR) by 92.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,151,481 shares of the real estate investment trust’s stock after buying an additional 1,031,597 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.58% of DDR worth $19,277,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. BlackRock Inc. lifted its position in DDR by 6.0% during the 4th quarter. BlackRock Inc. now owns 23,293,640 shares of the real estate investment trust’s stock worth $208,709,000 after buying an additional 1,316,913 shares in the last quarter. Bank of New York Mellon Corp lifted its position in DDR by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 10,055,427 shares of the real estate investment trust’s stock worth $90,097,000 after buying an additional 1,064,901 shares in the last quarter. LSV Asset Management lifted its position in DDR by 18.4% during the 4th quarter. LSV Asset Management now owns 7,377,400 shares of the real estate investment trust’s stock worth $66,101,000 after buying an additional 1,148,978 shares in the last quarter. Victory Capital Management Inc. lifted its position in DDR by 28.9% during the 4th quarter. Victory Capital Management Inc. now owns 6,931,238 shares of the real estate investment trust’s stock worth $62,105,000 after buying an additional 1,553,982 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in DDR by 54.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 6,869,698 shares of the real estate investment trust’s stock worth $62,926,000 after buying an additional 2,429,890 shares in the last quarter. 81.58% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Alexander Otto purchased 1,245,942 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average price of $7.58 per share, for a total transaction of $9,444,240.36. Following the purchase, the director now owns 47,633,065 shares in the company, valued at $361,058,632.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders purchased 4,316,039 shares of company stock worth $32,073,611. 16.10% of the stock is owned by company insiders.
DDR stock opened at $7.33 on Friday. The stock has a market cap of $2,705.86, a PE ratio of 6.21, a PEG ratio of 1.46 and a beta of 0.61. DDR Corp has a fifty-two week low of $6.76 and a fifty-two week high of $13.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.62.
DDR (NYSE:DDR) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. The company had revenue of $209.43 million for the quarter, compared to analyst estimates of $205.20 million. DDR had a negative net margin of 27.22% and a negative return on equity of 5.56%. DDR’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. research analysts expect that DDR Corp will post 1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 16th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.76 dividend on an annualized basis and a yield of 10.37%. DDR’s dividend payout ratio (DPR) is currently 64.41%.
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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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