Advisors Preferred LLC bought a new position in shares of SITE Centers Corp. (NYSE:SITC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 167,816 shares of the company's stock, valued at approximately $2,517,000. Advisors Preferred LLC owned 0.32% of SITE Centers as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of the business. Vestcor Inc acquired a new position in SITE Centers during the 3rd quarter valued at about $95,000. The Manufacturers Life Insurance Company boosted its position in shares of SITE Centers by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 104,138 shares of the company's stock worth $1,510,000 after buying an additional 1,751 shares during the period. KBC Group NV grew its holdings in SITE Centers by 170.4% in the 4th quarter. KBC Group NV now owns 3,480 shares of the company's stock worth $53,000 after buying an additional 2,193 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in SITE Centers in the 3rd quarter valued at approximately $202,000. Finally, Systematic Financial Management LP bought a new stake in SITE Centers during the 3rd quarter valued at $203,000. 88.70% of the stock is currently owned by institutional investors.
Insider Transactions at SITE Centers
In other SITE Centers news, CEO David R. Lukes sold 168,895 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $15.39, for a total transaction of $2,599,294.05. Following the completion of the sale, the chief executive officer now directly owns 136,008 shares in the company, valued at approximately $2,093,163.12. This trade represents a 55.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John M. Cattonar sold 8,794 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $133,844.68. The disclosure for this sale can be found here. Insiders have sold 181,457 shares of company stock valued at $2,791,693 over the last three months. Company insiders own 10.10% of the company's stock.
SITE Centers Price Performance
Shares of NYSE SITC traded down $0.07 during trading on Wednesday, hitting $14.95. The company had a trading volume of 586,887 shares, compared to its average volume of 759,760. SITE Centers Corp. has a 52 week low of $14.55 and a 52 week high of $32.22. The business's 50-day moving average is $15.21 and its 200 day moving average is $49.64. The company has a market cap of $783.83 million, a P/E ratio of 1.09 and a beta of 1.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.55 and a current ratio of 6.55.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Compass Point decreased their price target on SITE Centers from $64.00 to $17.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. StockNews.com started coverage on shares of SITE Centers in a research report on Wednesday, December 4th. They issued a "hold" rating for the company. Citigroup dropped their price target on shares of SITE Centers from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Wells Fargo & Company decreased their price objective on shares of SITE Centers from $17.50 to $17.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Finally, Piper Sandler dropped their target price on SITE Centers from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, SITE Centers presently has a consensus rating of "Hold" and a consensus price target of $35.75.
Get Our Latest Stock Report on SITC
SITE Centers Profile
(
Free Report)
SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
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