Nebula Research & Development LLC boosted its position in shares of SITE Centers Corp. (NYSE:SITC - Free Report) by 310.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,975 shares of the company's stock after buying an additional 99,060 shares during the period. Nebula Research & Development LLC owned 0.25% of SITE Centers worth $2,003,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in SITC. Price T Rowe Associates Inc. MD increased its holdings in shares of SITE Centers by 10.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,067 shares of the company's stock valued at $583,000 after purchasing an additional 3,463 shares during the period. Hsbc Holdings PLC increased its holdings in shares of SITE Centers by 161.5% in the fourth quarter. Hsbc Holdings PLC now owns 98,387 shares of the company's stock valued at $1,496,000 after purchasing an additional 60,769 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of SITE Centers by 1,306.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,419 shares of the company's stock valued at $205,000 after purchasing an additional 12,465 shares during the period. MetLife Investment Management LLC increased its holdings in shares of SITE Centers by 5.5% in the fourth quarter. MetLife Investment Management LLC now owns 30,425 shares of the company's stock valued at $465,000 after purchasing an additional 1,598 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of SITE Centers by 21.5% in the fourth quarter. First Trust Advisors LP now owns 63,754 shares of the company's stock valued at $975,000 after purchasing an additional 11,296 shares during the period. Institutional investors and hedge funds own 88.70% of the company's stock.
SITE Centers Trading Up 0.7 %
SITE Centers stock traded up $0.08 during trading on Monday, hitting $12.00. The company's stock had a trading volume of 541,115 shares, compared to its average volume of 897,578. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.55 and a current ratio of 6.55. The stock's fifty day moving average is $12.61 and its 200 day moving average is $14.55. The stock has a market capitalization of $629.16 million, a price-to-earnings ratio of 0.88 and a beta of 1.30. SITE Centers Corp. has a 1-year low of $10.46 and a 1-year high of $64.44.
SITE Centers (NYSE:SITC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The company had revenue of $32.87 million during the quarter, compared to the consensus estimate of $43.58 million. SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. As a group, equities research analysts predict that SITE Centers Corp. will post 3.24 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently weighed in on SITC. Wells Fargo & Company dropped their price objective on SITE Centers from $17.00 to $14.50 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Piper Sandler dropped their price objective on SITE Centers from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Finally, StockNews.com downgraded SITE Centers from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, SITE Centers has a consensus rating of "Hold" and a consensus target price of $35.25.
Check Out Our Latest Stock Report on SITE Centers
About SITE Centers
(
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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