In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ddr Corp (NYSE:DDR) reported that Otto Alexander has picked up 45,117,893 of common stock as of 2017-06-06.
The acquisition brings the aggregate amount owned by Otto Alexander to a total of 45,117,893 representing less than 12.3% stake in the company.
For those not familiar with the company, DDR Corp. is a self-administered and self-managed real estate investment trust. It operates through two segments: shopping centers and loan investments. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. As of December 31, 2016, it owned and managed approximately 106 million total square feet of gross leasable area (GLA). As of December 31, 2016, the portfolio properties included 319 shopping centers (including 152 centers owned through joint ventures). As of December 31, 2016, the portfolio properties also included over 650 acres of undeveloped land, including parcels located adjacent to certain of the shopping centers. As of December 31, 2016, the portfolio properties aggregated to 75.8 million square feet of Company-owned GLA located in 35 states, plus Puerto Rico. These centers are in the Southeast and Midwest, with significant concentrations in Florida, Georgia, Ohio and North Carolina, as well as Puerto Rico.
A glance at Ddr Corp (NYSE:DDR)’s key stats reveals a current market capitalization of 3.11 Billion based on 367.08 Million shares outstanding and a price at last close of $8.68 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-06-02, Otto picked up 600,000 at a purchase price of $8.80. This brings their total holding to 45,117,893 as of the date of the filing.
On the sell side, the most recent transaction saw Macfarlane unload 38,996 shares at a sale price of $19.34. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ddr Corp (NYSE:DDR) as things move forward to see if its progress aligns with these transactions.
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