December 1, 2016 - By Peter Erickson · 0 Comments
The stock of Ddr Corporation (NYSE:DDR) registered an increase of 11.53% in short interest. DDR’s total short interest was 5.20 million shares in December as published by FINRA. Its up 11.53% from 4.67M shares, reported previously. With 3.18 million shares average volume, it will take short sellers 2 days to cover their DDR’s short positions. The short interest to Ddr Corporation’s float is 1.7%. The stock decreased 0.26% or $0.04 during the last trading session, hitting $15.22. DDR Corp (NYSE:DDR) has declined 14.16% since April 28, 2016 and is downtrending. It has underperformed by 20.08% the S&P500.
DDR Corp. is a self-administered and self-managed real estate investment trust . The company has a market cap of $5.62 billion. The Firm operates through two divisions: shopping centers and loan investments. It currently has negative earnings. The Firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers.
Insitutional Activity: The institutional sentiment decreased to 1.22 in 2016 Q2. Its down 0.23, from 1.45 in 2016Q1. The ratio fall, as 11 funds sold all DDR Corp shares owned while 73 reduced positions. 38 funds bought stakes while 84 increased positions. They now own 321.74 million shares or 1.06% less from 325.20 million shares in 2016Q1.
Sei accumulated 0.12% or 1.06M shares. The Washington-based Parametric Associate Ltd Co has invested 0.01% in DDR Corp (NYSE:DDR). Pacad Invest Ltd last reported 4,800 shares in the company. Connor Clark And Lunn Inv Mgmt Ltd last reported 0% of its portfolio in the stock. The Maryland-based Price T Rowe Associate Incorporated Md has invested 0% in DDR Corp (NYSE:DDR). Loomis Sayles Ltd Partnership accumulated 0.02% or 327,063 shares. Principal Fin Gp holds 0.11% of its portfolio in DDR Corp (NYSE:DDR) for 4.52M shares. Amer Natl Ins Co Tx accumulated 14,186 shares or 0.02% of the stock. State Of Alaska Department Of Revenue last reported 0.22% of its portfolio in the stock. Tradewinds Capital Ltd Liability last reported 0% of its portfolio in the stock. Moreover, State Of Wisconsin Investment Board has 0.01% invested in DDR Corp (NYSE:DDR) for 200,558 shares. The Maryland-based Lasalle Inv Management Securities Ltd has invested 1.41% in DDR Corp (NYSE:DDR). Moreover, Employees Retirement Systems Of Texas has 0.07% invested in DDR Corp (NYSE:DDR) for 287,400 shares. Mizuho Asset Coltd reported 130,679 shares or 0.43% of all its holdings. Stevens Cap Lp has invested 0.21% of its portfolio in DDR Corp (NYSE:DDR).
Insider Transactions: Since July 29, 2016, the stock had 5 insider buys, and 1 sale for $7.74 million net activity. Shares for $102,339 were bought by Roulston Scott D. The insider Finne Thomas bought 1,577 shares worth $23,970. $312,056 worth of DDR Corp (NYSE:DDR) shares were sold by GIDEL ROBERT H. 30,100 shares were bought by AUGUST THOMAS F, worth $458,121 on Monday, October 31. Otto Alexander bought $3.28 million worth of DDR Corp (NYSE:DDR) on Thursday, November 17.
Out of 17 analysts covering Developers Diversified Realty (NYSE:DDR), 2 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 12% are positive. Developers Diversified Realty has been the topic of 26 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Boenning & Scattergood downgraded the shares of DDR in a report on Tuesday, October 18 to “Neutral” rating. The stock has “Hold” rating given by Jefferies on Tuesday, January 12. The rating was maintained by Citigroup on Friday, August 12 with “Neutral”. Bank of America upgraded DDR Corp (NYSE:DDR) on Thursday, August 6 to “Buy” rating. The firm earned “Hold” rating on Tuesday, September 8 by Evercore. RBC Capital Markets maintained DDR Corp (NYSE:DDR) on Monday, August 3 with “Sector Perform” rating. CapitalOne downgraded the shares of DDR in a report on Monday, December 21 to “Equal Weight” rating. KeyBanc Capital Markets upgraded DDR Corp (NYSE:DDR) on Friday, April 15 to “Overweight” rating. Mizuho upgraded the stock to “Neutral” rating in Monday, November 7 report. The firm has “Hold” rating given on Monday, July 18 by Deutsche Bank.
DDR Corp., incorporated on November 20, 1992, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates through two divisions: shopping centers and loan investments. The Firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, the Company engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. The Firm owns and manages approximately 110 million total square feet of gross leasable area (GLA). The properties include discounters, warehouse clubs, dollar stores and specialty grocers as additional anchors or tenants. The Firm leases approximately 10 million square feet, including over 510 new leases and approximately 810 renewals for over 1,330 leases.
More news for DDR Corp (NYSE:DDR) were recently published by: Nasdaq.com, which released: “Commit To Purchase DDR Corp. At $7.50, Earn 8.1% Annualized Using Options” on November 22, 2016. Crainscleveland.com‘s article titled: “DDR Corp. is searching for a chief operating officer; position could lead to more” and published on November 06, 2016 is yet another important article.
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By Peter Erickson