Should DDR Corp (NYSE:DDR) investors track the following data?
In the financial world, there are dozens of metrics investors can use to analyze stocks. Two of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best money managers can beat the broader indices by a significant margin (see just how much).
Equally as key, bullish insider trading sentiment is a second way to analyze the investments you’re interested in. Obviously, there are a number of stimuli for a bullish insider to cut shares of his or her company, but just one, very clear reason why they would behave bullishly. Various academic studies have demonstrated the impressive potential of this method if investors know where to look (learn more here).
Keeping this in mind, we’re going to examine the newest info about DDR Corp (NYSE:DDR).
What does the smart money think about DDR Corp (NYSE:DDR)?
At the end of the second quarter, a total of 15 of the hedge funds we track were long in this stock, a change of 36% from the first quarter. With hedgies’ sentiment swirling, there exists a few key hedge fund managers who were increasing their holdings significantly.
Out of the hedge funds we follow, Jeffrey Furber’s AEW Capital Management had the most valuable position in DDR Corp (NYSE:DDR), worth close to $58.8 million, comprising 1.5% of its total 13F portfolio. Sitting at the No. 2 spot is Citadel Investment Group, managed by Ken Griffin, which held a $53.7 million position; 0.1% of its 13F portfolio is allocated to the company. Some other peers with similar optimism include Clint Carlson’s Carlson Capital, D. E. Shaw’s D E Shaw and Jim Simons’s Renaissance Technologies.
As aggregate interest spiked, certain bigger names were leading the bulls’ herd. AEW Capital Management, managed by Jeffrey Furber, initiated the most valuable position in DDR Corp (NYSE:DDR). AEW Capital Management had 58.8 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $53.7 million position during the quarter. The other funds with new positions in the stock are Noam Gottesman’s GLG Partners, Ken Griffin’s Citadel Investment Group, and Clint Carlson’s Carlson Capital.
Insider trading activity in DDR Corp (NYSE:DDR)
Insider buying is most useful when the company in question has seen transactions within the past half-year. Over the last 180-day time frame, DDR Corp (NYSE:DDR) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to DDR Corp (NYSE:DDR). These stocks are SL Green Realty Corp (NYSE:SLG), Weingarten Realty Investors (NYSE:WRI), Federal Realty Investment Trust (NYSE:FRT), Regency Centers Corp (NYSE:REG), and Taubman Centers, Inc. (NYSE:TCO). All of these stocks are in the reit – retail industry and their market caps resemble DDR’s market cap.