In today’s session DDR Corp (DDR) recorded an unusually high (358) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious DDR decrease. With 358 contracts traded and 10414 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: DDR170120P00017500 closed last at: $0.95 or 11.8% up. The stock decreased 0.47% or $0.08 on October 4, hitting $16.86. DDR Corp (NYSE:DDR) has declined 2.09% since March 2, 2016 and is downtrending. It has underperformed by 11.33% the S&P500.
Analysts await DDR Corp (NYSE:DDR) to report earnings on October, 25. They expect $0.31 EPS, 0.00% or $0.00 from last year’s $0.31 per share. DDR’s profit will be $113.63M for 13.60 P/E if the $0.31 EPS becomes a reality. After $0.33 actual EPS reported by DDR Corp for the previous quarter, Wall Street now forecasts -6.06% negative EPS growth.
DDR Corp (NYSE:DDR) Ratings Coverage
Out of 16 analysts covering Developers Diversified Realty (NYSE:DDR), 2 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 13% are positive. Developers Diversified Realty has been the topic of 24 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded the shares of DDR in a report on Wednesday, July 27 to “Neutral” rating. The stock has “Overweight” rating given by KeyBanc Capital Markets on Friday, April 15. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, August 3 report. Citigroup maintained DDR Corp (NYSE:DDR) on Friday, August 12 with “Neutral” rating. The stock of DDR Corp (NYSE:DDR) has “Hold” rating given on Tuesday, January 12 by Jefferies. The firm has “Hold” rating by Deutsche Bank given on Monday, January 4. The firm has “Neutral” rating given on Friday, January 22 by Suntrust Robinson. The rating was downgraded by Deutsche Bank on Wednesday, December 30 to “Hold”. As per Monday, July 11, the company rating was downgraded by Bank of America. Evercore maintained DDR Corp (NYSE:DDR) on Tuesday, September 8 with “Hold” rating.
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.19, from 1.26 in 2016Q1. The ratio increased, 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.
Manufacturers Life Insur The holds 10,362 shares or 0% of its portfolio. Weiss Multi has invested 1.19% of its portfolio in DDR Corp (NYSE:DDR). Adelante Management Ltd Liability Com holds 2.68M shares or 2.24% of its portfolio. Teachers And Annuity Association Of America, a New York-based fund reported 333,126 shares. Gideon Advsrs Incorporated has 52,417 shares for 0.55% of their US portfolio. Fifth Third Bank & Trust reported 1,620 shares or 0% of all its holdings. Princeton Alpha Management L P reported 94,101 shares or 0.3% of all its holdings. Invesco holds 0.07% or 10.91 million shares in its portfolio. Allianz Asset Management Ag reported 346,505 shares or 0% of all its holdings. Ibm Retirement Fund owns 31,081 shares or 0.02% of their US portfolio. Gsa Cap Prtn Limited Liability Partnership has invested 0.01% of its portfolio in DDR Corp (NYSE:DDR). Blackrock Advsrs Ltd Com reported 225,049 shares or 0% of all its holdings. Geode Capital Limited Liability Corporation holds 0.02% of its portfolio in DDR Corp (NYSE:DDR) for 2.31 million shares. State Of Alaska Department Of Revenue has invested 0.22% of its portfolio in DDR Corp (NYSE:DDR). Moreover, Amp has 0.02% invested in DDR Corp (NYSE:DDR) for 140,094 shares.
Insider Transactions: Since May 5, 2016, the stock had 1 insider buy, and 2 insider sales for $730,619 net activity. GIDEL ROBERT H also sold $312,056 worth of DDR Corp (NYSE:DDR) on Friday, July 29. 5,500 shares were bought by Roulston Scott D, worth $102,339 on Tuesday, August 23. Shares for $520,902 were sold by Freddo Paul W on Thursday, May 5.
DDR Corp. is a self-administered and self-managed real estate investment trust . The company has a market cap of $6.18 billion. The Firm operates through two divisions: shopping centers and loan investments. It has a 104.07 P/E ratio. The Firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers.
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