SITE Centers Corp. (NYSE:SITC) Stock Holdings Lessened by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in shares of SITE Centers Corp. (NYSE:SITC - Free Report) by 74.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,703 shares of the company's stock after selling 58,184 shares during the period. Natixis Advisors LLC's holdings in SITE Centers were worth $1,192,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in SITE Centers during the second quarter worth approximately $42,000. Quarry LP increased its position in shares of SITE Centers by 503.9% in the second quarter. Quarry LP now owns 3,424 shares of the company's stock worth $50,000 after acquiring an additional 2,857 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of SITE Centers in the third quarter worth $319,000. Los Angeles Capital Management LLC acquired a new stake in shares of SITE Centers in the third quarter worth $355,000. Finally, Blue Trust Inc. increased its position in shares of SITE Centers by 508.3% in the third quarter. Blue Trust Inc. now owns 6,381 shares of the company's stock worth $386,000 after acquiring an additional 5,332 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company's stock.

SITE Centers Price Performance

Shares of SITC stock opened at $15.83 on Wednesday. The firm has a market cap of $829.97 million, a P/E ratio of 1.16 and a beta of 1.62. 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 Corp. has a 1-year low of $15.43 and a 1-year high of $64.44. The firm has a fifty day moving average of $24.26 and a two-hundred day moving average of $134.14.

SITE Centers (NYSE:SITC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $6.07 earnings per share for the quarter, topping the consensus estimate of $0.87 by $5.20. The company had revenue of $89.43 million during the quarter, compared to analyst estimates of $104.55 million. SITE Centers had a net margin of 164.10% and a return on equity of 34.20%. During the same period last year, the business earned $1.32 EPS. The firm's revenue for the quarter was down 37.5% compared to the same quarter last year. As a group, research analysts anticipate that SITE Centers Corp. will post 2.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SITC shares. Piper Sandler dropped their price objective on shares of SITE Centers from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. KeyCorp reissued a "sector weight" rating on shares of SITE Centers in a research report on Monday, October 7th. Morgan Stanley increased their price objective on shares of SITE Centers from $56.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Monday, September 30th. Truist Financial raised their price target on shares of SITE Centers from $56.00 to $58.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Finally, Evercore ISI raised shares of SITE Centers to a "hold" rating in a report on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, SITE Centers presently has a consensus rating of "Hold" and an average price target of $58.89.

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.