SG Americas Securities LLC lessened its holdings in DDR Corp (NYSE:DDR) by 19.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,774 shares of the real estate investment trust’s stock after selling 22,121 shares during the period. SG Americas Securities LLC’s holdings in DDR were worth $1,256,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of DDR. Qube Research & Technologies Ltd acquired a new position in DDR in the second quarter worth about $157,000. Point72 Hong Kong Ltd acquired a new position in DDR in the second quarter worth about $196,000. Laurion Capital Management LP acquired a new position in DDR in the second quarter worth about $236,000. Stevens Capital Management LP acquired a new position in DDR in the second quarter worth about $359,000. Finally, Ironwood Investment Management LLC acquired a new position in DDR in the second quarter worth about $401,000. 81.77% of the stock is owned by hedge funds and other institutional investors.
DDR has been the subject of several recent research reports. Deutsche Bank lowered shares of DDR from a “buy” rating to a “hold” rating and dropped their price target for the stock from $15.00 to $14.00 in a research report on Tuesday, August 28th. Citigroup lowered shares of DDR from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $15.00 in a research report on Friday, September 14th. Zacks Investment Research raised shares of DDR from a “strong sell” rating to a “hold” rating in a report on Monday, September 3rd. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $14.00 price objective on shares of DDR in a report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.19.
NYSE DDR opened at $11.99 on Friday. DDR Corp has a 1-year low of $10.95 and a 1-year high of $15.08.
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DDR is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.
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