13,949 Shares in DDR Corp. (NYSE:DDR) Acquired by Parametrica Management Ltd

Parametrica Management Ltd bought a new stake in shares of DDR Corp. (NYSE:DDR) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 13,949 shares of the real estate investment trust’s stock, valued at approximately $127,000.

Several other institutional investors have also recently added to or reduced their stakes in DDR. LSV Asset Management purchased a new position in DDR Corp. during the first quarter valued at about $7,365,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in DDR Corp. by 0.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 47,405 shares of the real estate investment trust’s stock valued at $594,000 after buying an additional 269 shares during the last quarter. Canada Pension Plan Investment Board increased its position in DDR Corp. by 111.6% in the first quarter. Canada Pension Plan Investment Board now owns 69,200 shares of the real estate investment trust’s stock valued at $867,000 after buying an additional 36,500 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in DDR Corp. during the first quarter valued at about $429,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in DDR Corp. during the first quarter valued at about $3,509,000. 80.52% of the stock is currently owned by hedge funds and other institutional investors.

DDR Corp. (NYSE:DDR) traded down 1.83% during midday trading on Friday, hitting $9.67. 3,924,173 shares of the stock traded hands. The company’s 50 day moving average is $9.73 and its 200-day moving average is $11.21. The company’s market cap is $3.55 billion. DDR Corp. has a one year low of $8.11 and a one year high of $19.22.

DDR Corp. (NYSE:DDR) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.22. DDR Corp. had a positive return on equity of 1.24% and a negative net margin of 5.48%. The company had revenue of $227.40 million for the quarter, compared to analyst estimates of $222.90 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, equities research analysts forecast that DDR Corp. will post ($0.10) EPS for the current fiscal year.

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Several equities research analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price target on shares of DDR Corp. in a research report on Monday, April 24th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $14.00 price target on shares of DDR Corp. in a research report on Thursday, April 27th. Deutsche Bank AG raised DDR Corp. from a “hold” rating to a “buy” rating and increased their price target for the stock from $12.00 to $13.00 in a research report on Thursday, July 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of DDR Corp. in a research report on Thursday, July 27th. Finally, Zacks Investment Research raised DDR Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.32.

In related news, COO Michael Makinen bought 11,325 shares of the stock in a transaction on Friday, June 2nd. The shares were bought at an average cost of $8.83 per share, for a total transaction of $99,999.75. Following the completion of the transaction, the chief operating officer now owns 66,361 shares of the company’s stock, valued at approximately $585,967.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David R. Lukes bought 60,000 shares of the stock in a transaction on Wednesday, June 21st. The shares were bought at an average price of $8.37 per share, for a total transaction of $502,200.00. Following the completion of the transaction, the chief executive officer now directly owns 432,948 shares of the company’s stock, valued at approximately $3,623,774.76. The disclosure for this purchase can be found here. Insiders have acquired 132,325 shares of company stock worth $1,119,330 over the last 90 days. 16.20% of the stock is currently owned by company insiders.

About DDR Corp.

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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