John M. Cattonar Sells 8,794 Shares of SITE Centers Corp. (NYSE:SITC) Stock

SITE Centers Corp. (NYSE:SITC - Get Free Report) EVP John M. Cattonar sold 8,794 shares of SITE Centers stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $133,844.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

SITE Centers Price Performance

Shares of SITC traded down $0.06 during mid-day trading on Thursday, reaching $15.31. 537,644 shares of the company's stock were exchanged, compared to its average volume of 769,513. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.12. SITE Centers Corp. has a 52-week low of $14.84 and a 52-week high of $64.44. The company has a market cap of $802.70 million, a price-to-earnings ratio of 1.12 and a beta of 1.61. The company has a 50-day simple moving average of $15.93 and a two-hundred day simple moving average of $103.52.

SITE Centers (NYSE:SITC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $6.07 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $5.20. The firm had revenue of $89.43 million during the quarter, compared to analysts' expectations of $104.55 million. SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. The firm's quarterly revenue was down 37.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS. On average, sell-side analysts predict that SITE Centers Corp. will post 3.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of SITE Centers during the 2nd quarter worth $42,000. Panagora Asset Management Inc. acquired a new stake in SITE Centers during the second quarter worth about $3,089,000. Peregrine Capital Management LLC raised its holdings in shares of SITE Centers by 13.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 488,993 shares of the company's stock worth $7,090,000 after purchasing an additional 57,281 shares during the period. Van ECK Associates Corp lifted its stake in shares of SITE Centers by 6.3% in the 2nd quarter. Van ECK Associates Corp now owns 29,065 shares of the company's stock valued at $421,000 after purchasing an additional 1,723 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of SITE Centers by 65.1% during the 2nd quarter. Natixis Advisors LLC now owns 77,887 shares of the company's stock worth $1,129,000 after purchasing an additional 30,699 shares during the period. Institutional investors and hedge funds own 88.70% of the company's stock.

Wall Street Analyst Weigh In

SITC has been the subject of a number of recent analyst reports. Piper Sandler decreased their price target on SITE Centers from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Wells Fargo & Company downgraded SITE Centers from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $68.00 to $19.00 in a report on Wednesday, October 2nd. Stifel Nicolaus boosted their price objective on shares of SITE Centers from $65.00 to $65.25 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Truist Financial increased their target price on shares of SITE Centers from $56.00 to $58.00 and gave the company a "hold" rating in a research report on Wednesday, August 28th. Finally, KeyCorp reissued a "sector weight" rating on shares of SITE Centers in a research report on Monday, October 7th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $36.04.

About SITE Centers

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.