UP!
 |
|
|
Type
|
Public company |
|---|---|
| Traded as | NYSE: DDR |
| Industry | Real estate investment trust |
| Founded | 1965 (1965) |
| Founder | Bert Wolstein |
| Headquarters | Beachwood, Ohio |
|
Key people
|
Terrance Ahern, Chairman David Lukes, President & CEO |
| Revenue |  $1.005 billion (2016) |
|
Net income
|
 $0.061 billion (2016) |
| Total assets | $8.197 billion (2016) |
| Total equity | $3.246 billion (2016) |
|
Number of employees
|
540 (2016) |
| Website | www |
DDR Corp. (formerly Developers Diversified Realty, Inc.) is a publicly traded real estate investment trust that invests in shopping centers.
As of December 31, 2016, the company owned interests in 317 shopping centers in 35 states in the United States and Puerto Rico.
Notable properties wholly owned by the company include the following:
In 1965, the company was founded by Bert Wolstein.
In 1967, the company built its first property, a KMart store in Eastlake, Ohio.
On February 12, 1993, the company became a public company via an initial public offering.
In 1995, the company acquired 10 power centers from Homart Development Company, which was being acquired by GGP Inc., for $501.5 million.
In 1998, the company acquired a portfolio of 9 properties in Salt Lake City for $300 million.
In 2002, the company acquired JDN Realty Corporation for $436 million in stock.
In February 2011, Scott Wolstein resigned as executive chairman.
In September 2011, the company changed its name to DDR Corp. and launched a new tagline, "Think Retail. Create Value."
In December 2011, the company purchased Polaris Towne Center from and sold Town Center Plaza to Glimcher Realty Trust.
In August 2013, a joint venture between DDR and Blackstone Group acquired 7 open-air shopping centers from Regency Centers Corporation for $332 million.
In March 2014, DDR agreed to exit its Brazilian joint venture by selling its stake to the firm’s largest shareholder for $343.6 million.
In October 2014, in a joint venture with Blackstone Group, the company acquired 70 shopping centers totaling 15.7 million square feet for $1.93 billion.
In February 2015, David Oakes was appointed as president and chief executive officer of the company. Oakes was fired in July 2016 and replaced by Thomas August.
In January 2016, the company sold Paseo Colorado to Cypress Equities.
In October 2016, the company sold a 16-property portfolio for $390 million in a transaction brokered by HFF.
In 2016, as part of a portfolio repositioning, the company sold $1.0 billion worth of properties, while only acquiring $148 million of properties.
| 2016-07-11 | Reiterated Rating | Canaccord Genuity | Hold | |
| 2016-07-11 | Downgrade | Bank of America Corp. | Buy to Neutral | |
| 2016-07-11 | Downgrade | Mizuho | Neutral to Underperform | $17.00 |
| 2016-06-30 | Initiated Coverage | Jefferies Group | Hold | $17.00 to $19.00 |
| 2016-05-03 | Reiterated Rating | Deutsche Bank | Hold | $17.00 |
| 2016-05-03 | Reiterated Rating | Deutsche Bank AG | Hold | $17.00 |
| 2016-04-15 | Upgrade | KeyBanc | Sector Weight to Overweight | $19.00 |
| 2016-04-15 | Upgrade | KeyCorp | Sector Weight to Overweight | $19.00 |
| 2016-04-13 | Initiated Coverage | Mizuho | Neutral | $19.00 |
| 2016-03-16 | Initiated Coverage | Credit Suisse | Outperform | $18.50 |
| 2016-03-16 | Initiated Coverage | Credit Suisse Group AG | Outperform | $18.50 |
| 2016-02-13 | Reiterated Rating | Deutsche Bank | Hold | |
| 2016-02-12 | Reiterated Rating | Canaccord Genuity | Hold | $18.00 |
| 2016-01-22 | Downgrade | SunTrust | Buy to Neutral | $21.00 to $17.50 |
| 2016-01-22 | Downgrade | SunTrust Banks Inc. | Buy to Neutral | $21.00 to $17.50 |
| 2016-01-12 | Downgrade | Jefferies Group | Buy to Hold | $20.00 to $15.00 |
| 2016-01-07 | Downgrade | Robert W. Baird | Outperform to Neutral | $20.00 to $18.00 |
| 2016-01-05 | Downgrade | Deutsche Bank | Buy to Hold | $19.00 to $17.00 |
| 2015-12-30 | Downgrade | Deutsche Bank | Buy to Hold | $19.00 to $17.00 |
| 2015-12-21 | Downgrade | Capital One Financial Corp. | Overweight to Equal Weight | |
| 2015-12-18 | Reiterated Rating | Boenning Scattergood | Neutral | |
| 2015-11-01 | Downgrade | Canaccord Genuity | Hold | $18.00 |
| 2015-10-23 | Reiterated Rating | Jefferies Group | Buy | $20.00 |
| 2015-09-08 | Reiterated Rating | Evercore ISI | Hold | $18.00 to $17.00 |
| 2015-09-08 | Lower Price Target | Evercore Partners Inc. | Hold | $18.00 to $17.00 |
| 2015-09-01 | Reiterated Rating | Canaccord Genuity | Hold | $18.00 |
| 2015-08-20 | Lower Price Target | Credit Suisse | Outperform | $20.00 to $19.00 |
| 2015-08-06 | Upgrade | Bank of America | Neutral to Buy | $18.00 to $19.00 |
| 2015-08-06 | Reiterated Rating | Deutsche Bank | Buy | $19.00 |
| 2015-08-06 | Upgrade | Bank of America Corp. | Neutral to Buy | $18.00 to $19.00 |
| 2015-08-03 | Lower Price Target | RBC Capital | Sector Perform | $18.00 to $17.00 |
| 2015-08-03 | Lower Price Target | Royal Bank Of Canada | Sector Perform | $18.00 to $17.00 |
| 2015-07-30 | Reiterated Rating | Canaccord Genuity | Hold | $18.00 |
| 2015-07-22 | Initiated Coverage | Canaccord Genuity | Hold | $18.00 |
| 2015-07-21 | Lower Price Target | Citigroup Inc. | Neutral | $20.00 to $17.50 |
| 2015-07-03 | Reiterated Rating | Credit Suisse | Outperform | $20.00 |
| 2015-06-16 | Lower Price Target | Cowen and Company | Outperform | $21.00 to $19.00 |
| 2015-06-05 | Lower Price Target | Credit Suisse | Outperform | $20.50 to $20.00 |
| 2015-06-01 | Lower Price Target | Deutsche Bank | Buy | $21.00 to $20.00 |
| 2015-05-13 | Reiterated Rating | Deutsche Bank | Buy | $21.00 |
| 2015-05-08 | Lower Price Target | RBC Capital | Sector Perform | $19.00 to $18.00 |
| 2015-04-29 | Set Price Target | MLV & Co. | Buy | $20.00 |
| 2015-03-24 | Initiated Coverage | Robert W. Baird | Outperform | $22.00 |
| 2015-03-20 | Boost Price Target | Citigroup Inc. | Neutral | $19.00 to $20.00 |
| 2015-03-02 | Downgrade | Goldman Sachs | Buy to Neutral | $20.00 |
| 2015-03-02 | Downgrade | Goldman Sachs Group Inc. | Buy to Neutral | $20.00 |
| 2015-02-12 | Set Price Target | MLV & Co. | Buy | $20.00 |
| 2015-01-26 | Boost Price Target | Deutsche Bank | Buy | $20.00 to $21.00 |
| 2015-01-21 | Upgrade | Credit Suisse | Neutral to Outperform | |
| 2015-01-20 | Downgrade | Bank of America | Buy to Neutral | $19.00 |
| 2015-01-15 | Reiterated Rating | Jefferies Group | Buy | |
| 2015-01-15 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $20.00 |
| 2014-12-04 | Reiterated Rating | Citigroup Inc. | Hold | $17.50 to $19.00 |
| 2014-11-17 | Reiterated Rating | Evercore ISI | Buy to Hold | $19.00 |
| 2014-11-11 | Initiated Coverage | Credit Suisse | Neutral | |
| 2014-09-12 | Downgrade | KeyBanc | Buy to Hold | $20.00 |
| 2014-07-31 | Boost Price Target | Evercore ISI | Buy | $19.00 to $20.00 |
| 2014-07-22 | Boost Price Target | Jefferies Group | $21.00 to $24.00 | |
| 2014-07-17 | Boost Price Target | Deutsche Bank | Buy | $18.00 to $19.00 |
| 2014-06-26 | Boost Price Target | Cowen and Company | $19.00 to $20.00 | |
| 2014-05-08 | Boost Price Target | Imperial Capital | Outperform | $18.00 to $19.00 |
| 2014-03-13 | Boost Price Target | Jefferies Group | $21.00 | |
| 2014-02-13 | Initiated Coverage | Morgan Stanley | Overweight | $19.00 |
| 2013-12-04 | Initiated Coverage | Imperial Capital | Outperform | $18.00 |
| 2013-12-04 | Initiated Coverage | Capital Ideas Research | Outperform | |
| 2013-11-19 | Initiated Coverage | MLV & Co. | Buy | $20.00 |
| 2013-11-07 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2013-11-07 | Boost Price Target | RBC Capital | Sector Perform | $18.00 to $19.00 |
| 2013-10-22 | Initiated Coverage | Goldman Sachs | Buy | |
| 2013-10-14 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2013-09-18 | Lower Price Target | Jefferies Group | Buy | $21.00 to $20.00 |
| 2013-09-16 | Initiated Coverage | Capital One Financial Corp. | Add | |
| 2013-04-22 | Reiterated | Deutsche Bank | Buy | $17 to $18 |
| 2011-12-08 | Initiated | KeyBanc Capital Mkts | Buy | $14 |
| 2011-03-23 | Initiated | FBR Capital | Outperform | $15.50 |
| 2011-01-12 | Initiated | Jefferies | Underperform | $11 |
| 2009-10-26 | Reiterated | RBC Capital Mkts | Underperform | $6 to $7 |
| 2009-10-06 | Reiterated | RBC Capital Mkts | Underperform | $4 to $6 |
| 2009-08-07 | Downgrade | Citigroup | Hold to Sell | |
| 2009-02-24 | Reiterated | RBC Capital Mkts | Underperform | $13 to $6 |
| 2008-10-29 | Reiterated | RBC Capital Mkts | Underperform | $25 to $13 |
| 2016-07-11 | Reiterated Rating | Canaccord Genuity | Hold | |
| 2016-07-11 | Downgrade | Bank of America Corp. | Buy to Neutral | |
| 2016-07-11 | Downgrade | Mizuho | Neutral to Underperform | $17.00 |
| 2016-06-30 | Initiated Coverage | Jefferies Group | Hold | $17.00 to $19.00 |
| 2016-05-03 | Reiterated Rating | Deutsche Bank | Hold | $17.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In DDR 26 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| COHEN & STEERS CAPITAL MANAGEMENT INC | 44.13M |
| Shinko Asset Management Co., Ltd. | 12.56M |
| BlackRock Institutional Trust Company, N.A. | 11.52M |
| BlackRock Fund Advisors | 4.82M |
| BlackRock Group LTD | 2.20M |
| RUSSELL FRANK CO/ | 2.20M |
| MANAGED ACCOUNT ADVISORS LLC | 1.45M |
| CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. | 1.37M |
| Global X Management CO LLC | 0.65M |
| BRC Investment Management LLC | 0.40M |
| BLACKROCK ADVISORS LLC | 0.38M |
| BlackRock Investment Management, LLC | 0.31M |
| MANNING & NAPIER ADVISORS LLC | 0.31M |
| Mizuho Asset Management Co.,Ltd. | 0.15M |
| KEELEY ASSET MANAGEMENT CORP | 0.11M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| Otto Alexander | 15.43% (55474027) | DDR / |
| Otto-Bernstein Katharina | 4.52% (16255505) | DDR / PGRE / |
| Oakes David President & CFO | 0.17% (595087) | DDR / |
| Lukes David R President & CEO | 0.11% (407848) | DDR / EQY / |
| HURWITZ DANIEL B President & CEO | 0.11% (403262) | BRX / DDR / |
| AHERN TERRANCE R | 0.09% (323060) | DDR / |
| Freddo Paul W Sr. Exec. Vice President | 0.05% (194688) | DDR / |
| Kokinchak John S Senior Exec. Vice President | 0.04% (145982) | DDR / |
| SHOLEM BARRY A | 0.04% (130675) | DDR / |
| Vesy Christa A Exec. V.P. & Chief Acct. Off. | 0.04% (130583) | DDR / |
| AUGUST THOMAS F President and CEO | 0.04% (130468) | DCT / DDR / |
| Ostrower Matthew Louis EVP, CFO & Treasurer | 0.03% (103293) | DDR / EQY / RPT / |
| MACFARLANE VICTOR B | 0.02% (80532) | DDR / |
| PETHERBRIDGE LUKE J CFO & Treasurer | 0.02% (70742) | DDR / |
| ROSS WILLIAM T Chief Operating Officer | 0.02% (67257) | DDR / |
| Finne Thomas | 0.02% (66000) | DDR / |
| GIDEL ROBERT H | 0.02% (62153) | DDR / NSM / |
| Makinen Michael EVP & COO | 0.02% (61618) | DDR / EQY / |
| MACNAB CRAIG | 0.01% (51008) | AMT / DDR / NNN / |
| Boland James C | 0.01% (44035) | DDR / |
| Roulston Scott D | 0.01% (26841) | DDR / |
| Maccardini Rebecca | 0.01% (26345) | DDR / |
UM