DRW Securities LLC Buys Shares of 22,337 SITE Centers Corp. (NYSE:SITC)

DRW Securities LLC acquired a new position in SITE Centers Corp. (NYSE:SITC - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 22,337 shares of the company's stock, valued at approximately $342,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its position in shares of SITE Centers by 3.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 25,206 shares of the company's stock worth $385,000 after purchasing an additional 730 shares during the last quarter. Van ECK Associates Corp raised its stake in SITE Centers by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 8,996 shares of the company's stock valued at $138,000 after buying an additional 833 shares in the last quarter. Vestcor Inc bought a new position in SITE Centers during the 3rd quarter worth approximately $95,000. KBC Group NV grew its position in shares of 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 acquiring an additional 2,193 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of SITE Centers by 5.1% in the 4th quarter. Meeder Asset Management Inc. now owns 45,105 shares of the company's stock valued at $690,000 after acquiring an additional 2,199 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SITC shares. Piper Sandler reduced their price target on shares of SITE Centers from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company decreased their target price on SITE Centers from $17.00 to $14.50 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Finally, StockNews.com cut SITE Centers from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $35.25.

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SITE Centers Price Performance

Shares of SITE Centers stock traded up $0.09 during trading on Tuesday, hitting $11.60. The stock had a trading volume of 351,515 shares, compared to its average volume of 950,481. The business has a fifty day moving average of $13.23 and a two-hundred day moving average of $15.23. The firm has a market cap of $607.93 million, a P/E ratio of 0.85 and a beta of 1.30. SITE Centers Corp. has a fifty-two week low of $10.45 and a fifty-two week high of $32.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.55 and a quick ratio of 6.55.

SITE Centers (NYSE:SITC - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). SITE Centers had a net margin of 164.10% and a return on equity of 34.20%. The business had revenue of $32.87 million for the quarter, compared to the consensus estimate of $43.58 million. On average, sell-side analysts expect that SITE Centers Corp. will post 3.24 earnings per share for the current fiscal year.

SITE Centers Profile

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.