DDR Corp’s Trend Down, Especially After This Options Activity

 DDR Corp's Trend Down, Especially After This Options Activity

In today’s session DDR Corp (DDR) recorded an unusually high (460) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious DDR decrease. With 460 contracts traded and 49044 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: DDR170421P00012500 closed last at: $1.05 or 16.7% up. About 593,546 shares traded hands. DDR Corp (NYSE:DDR) has declined 13.83% since April 27, 2016 and is downtrending. It has underperformed by 19.06% the S&P500.

Analysts await DDR Corp (NYSE:DDR) to report earnings on February, 9. They expect $0.31 EPS, 0.00% or $0.00 from last year’s $0.31 per share. DDR’s profit will be $114.46 million for 12.36 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 17 analysts covering Developers Diversified Realty (NYSE:DDR), 2 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 12% are positive. $20 is the highest target while $15 is the lowest. The $17.94 average target is 17.03% above today’s ($15.33) stock price. Developers Diversified Realty has been the topic of 26 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bank of America on Monday, July 11 to “Neutral”. The stock of DDR Corp (NYSE:DDR) earned “Hold” rating by Deutsche Bank on Monday, July 18. Mizuho downgraded DDR Corp (NYSE:DDR) on Monday, July 11 to “Underperform” rating. The firm has “Outperform” rating given on Tuesday, July 26 by Raymond James. The stock of DDR Corp (NYSE:DDR) has “Hold” rating given on Wednesday, December 30 by Deutsche Bank. The stock has “Neutral” rating given by Suntrust Robinson on Friday, January 22. The stock of DDR Corp (NYSE:DDR) earned “Hold” rating by Evercore on Tuesday, September 8. The rating was maintained by Deutsche Bank with “Buy” on Friday, August 7. The firm has “Neutral” rating given on Thursday, August 25 by BTIG Research. The rating was maintained by RBC Capital Markets on Monday, August 3 with “Sector Perform”.

According to Zacks Investment Research, “DDR Corp. is a real estate investment trust that owns and manages retail properties in the continental United States, Puerto Rico and Brazil. Its portfolio primarily features shopping centers. DDR Corp. is headquartered in Beachwood, Ohio.”

Insitutional Activity: The institutional sentiment decreased to 1.22 in 2016 Q2. Its down 0.23, from 1.45 in 2016Q1. The ratio worsened, 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.
Clinton holds 0.16% of its portfolio in DDR Corp (NYSE:DDR) for 195,013 shares. Advisory Services Network Ltd Company holds 0% of its portfolio in DDR Corp (NYSE:DDR) for 25 shares. Art Advisors Ltd Liability Company has 0.2% invested in the company for 223,101 shares. Amica Pension Fund Board Of Trustees last reported 21,000 shares in the company. Moreover, Sumitomo Mitsui has 0.01% invested in DDR Corp (NYSE:DDR) for 221,187 shares. Los Angeles Mngmt And Equity accumulated 0.07% or 485,085 shares. Metropolitan Life Insur Communications New York owns 25,326 shares or 0% of their US portfolio. Citigroup has 0.01% invested in the company for 619,016 shares. Principal Fincl Gp reported 4.52M shares or 0.11% of all its holdings. Jpmorgan Chase And holds 0.01% of its portfolio in DDR Corp (NYSE:DDR) for 2.28 million shares. Moreover, Winfield Assoc has 0% invested in DDR Corp (NYSE:DDR) for 160 shares. Proshare Advsrs Limited Liability Corp has 79,734 shares for 0.02% of their US portfolio. Profund Ltd Liability has 0.02% invested in the company for 18,333 shares. Northern Corp accumulated 0.02% or 3.14 million shares. Dimensional Fund Advsrs Limited Partnership last reported 0.04% of its portfolio in the stock.

Insider Transactions: Since July 29, 2016, the stock had 5 insider purchases, and 1 insider sale for $7.74 million net activity. 16,000 DDR Corp (NYSE:DDR) shares with value of $312,056 were sold by GIDEL ROBERT H. $102,339 worth of DDR Corp (NYSE:DDR) was bought by Roulston Scott D. Otto Alexander bought 281,301 shares worth $4.19 million. Shares for $458,121 were bought by AUGUST THOMAS F on Monday, October 31. 1,577 shares were bought by Finne Thomas, worth $23,970 on Monday, October 31.

DDR Corp. is a self-administered and self-managed real estate investment trust . The company has a market cap of $5.66 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.

DDR Company Profile

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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