76,906 Shares in SITE Centers Corp. (NYSE:SITC) Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC acquired a new position in SITE Centers Corp. (NYSE:SITC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 76,906 shares of the company's stock, valued at approximately $1,176,000. O Shaughnessy Asset Management LLC owned about 0.15% of SITE Centers at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SITC. Illinois Municipal Retirement Fund lifted its holdings in shares of SITE Centers by 3.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 25,206 shares of the company's stock valued at $385,000 after purchasing an additional 730 shares during the last quarter. Van ECK Associates Corp lifted 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 acquired a new position in shares of SITE Centers in the third quarter worth about $95,000. KBC Group NV increased its position in shares of SITE Centers by 170.4% in the fourth 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, Neo Ivy Capital Management acquired a new stake in shares of SITE Centers during the third quarter valued at approximately $202,000. 88.70% of the stock is currently owned by institutional investors.

SITE Centers Stock Down 0.5 %

Shares of NYSE:SITC traded down $0.06 during midday trading on Friday, hitting $11.33. 866,445 shares of the stock were exchanged, compared to its average volume of 888,321. The company has a market capitalization of $594.24 million, a PE ratio of 0.83 and a beta of 1.30. SITE Centers Corp. has a 52-week low of $10.46 and a 52-week high of $64.44. 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 business's fifty day simple moving average is $13.30 and its two-hundred day simple moving average is $15.88.

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SITE Centers (NYSE:SITC - Get Free Report) last issued its earnings results 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). The firm had revenue of $32.87 million during the quarter, compared to analyst estimates of $43.58 million. SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. As a group, research analysts predict that SITE Centers Corp. will post 3.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SITC shares. Wells Fargo & Company decreased their price objective on shares of 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. StockNews.com cut SITE Centers from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Piper Sandler lowered their price target on SITE Centers from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $35.25.

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.