Beech Hill Advisors Lowers stake in DDR Corp (DDR)

DDR Corp (DDR) : Beech Hill Advisors reduced its stake in DDR Corp by 5.07% during the most recent quarter end. The investment management company now holds a total of 191,800 shares of DDR Corp which is valued at $3,753,526 after selling 10,250 shares in DDR Corp , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.DDR Corp makes up approximately 2.44% of Beech Hill Advisors’s portfolio.

Other Hedge Funds, Including , Fox Run Management L.l.c. added DDR to its portfolio by purchasing 18,100 company shares during the most recent quarter which is valued at $354,217. DDR Corp makes up approx 0.16% of Fox Run Management L.l.c.’s portfolio.Creative Planning reduced its stake in DDR by selling 7,996 shares or 8.04% in the most recent quarter. The Hedge Fund company now holds 91,426 shares of DDR which is valued at $1,770,922. DDR Corp makes up approx 0.01% of Creative Planning’s portfolio. Alpha Windward added DDR to its portfolio by purchasing 1,618 company shares during the most recent quarter which is valued at $30,224. DDR Corp makes up approx 0.02% of Alpha Windward’s portfolio.

DDR Corp opened for trading at $19.35 and hit $19.57 on the upside on Wednesday, eventually ending the session at $19.57, with a gain of 1.08% or 0.21 points. The heightened volatility saw the trading volume jump to 54,74,876 shares. Company has a market cap of $7,151 M.

On the company’s financial health, DDR Corp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.30. The company had revenue of $246.30 million for the quarter, compared to analysts expectations of $249.54 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on DDR Corp. Mizuho Downgraded DDR Corp on Jul 11, 2016 to ” Underperform”, Price Target of the shares are set at $17.DDR Corp was Resumed by Jefferies to “Hold” on Jun 30, 2016.

DDR Corp. (DDR) is a self-administered and self-managed real estate investment trust (REIT). The Company 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 Company owns and manages approximately 415 shopping centers representing 118 million square feet in 41 states and Puerto Rico. DDR has completed 53 redevelopment projects. Its properties include Eastland Center in California Easton Market in Ohio and The Maxwell in Illinois.

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