Pensionfund Sabic adds DDR Corp (DDR) to its portfolio

DDR Corp (DDR) : Pensionfund Sabic added new position in DDR Corp during the most recent quarter end. The investment management firm now holds 42,000 shares of DDR Corp which is valued at $685,440 , the company said in a statement filed on Oct 12, 2016 with the SEC.DDR Corp makes up approximately 0.21% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in DDR in the latest quarter, The investment management firm added 14,300 additional shares and now holds a total of 69,760 shares of DDR Corp which is valued at $1,138,483. DDR Corp makes up approx 0.01% of Nisa Investment Advisors’s portfolio. Advisory Services Network sold out all of its stake in DDR during the most recent quarter. The investment firm sold 25 shares of DDR which is valued $410.Bnp Paribas Arbitrage Sa reduced its stake in DDR by selling 1,094 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 45,805 shares of DDR which is valued at $759,447. Washington Trust Bank added DDR to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $829.

DDR Corp closed down -0.1 points or -0.61% at $16.32 with 18,93,190 shares getting traded on Tuesday. Post opening the session at $16.33, the shares hit an intraday low of $16.17 and an intraday high of $16.395 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. DDR Corp was Downgraded by BofA/Merrill to ” Underperform” on Aug 25, 2016. Company shares were Reiterated by Canaccord Genuity on Aug 16, 2016 to “Hold”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .DDR Corp was Downgraded by Credit Suisse to ” Neutral” on Jul 27, 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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