Renaissance Technologies LLC Purchases 76,677 Shares of SITE Centers Corp. (NYSE:SITC)

Renaissance Technologies LLC lifted its holdings in shares of SITE Centers Corp. (NYSE:SITC - Free Report) by 17.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 505,236 shares of the company's stock after acquiring an additional 76,677 shares during the period. Renaissance Technologies LLC owned approximately 0.96% of SITE Centers worth $7,725,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KBC Group NV lifted its holdings in SITE Centers by 170.4% during the 4th quarter. KBC Group NV now owns 3,480 shares of the company's stock valued at $53,000 after purchasing an additional 2,193 shares during the last quarter. Van ECK Associates Corp grew its position in SITE Centers by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 8,996 shares of the company's stock worth $138,000 after acquiring an additional 833 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in SITE Centers during the 4th quarter valued at $148,000. Baader Bank Aktiengesellschaft bought a new position in SITE Centers in the 4th quarter valued at $163,000. Finally, Rangeley Capital LLC acquired a new position in SITE Centers in the fourth quarter worth $186,000. Institutional investors own 88.70% of the company's stock.

SITE Centers Stock Up 0.3 %

Shares of SITC traded up $0.04 on Thursday, hitting $11.84. The company's stock had a trading volume of 79,644 shares, compared to its average volume of 894,603. 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 fifty-two week low of $10.46 and a fifty-two week high of $64.44. The firm's fifty day moving average price is $12.78 and its 200-day moving average price is $14.71. The firm has a market capitalization of $620.77 million, a price-to-earnings ratio of 0.87 and a beta of 1.30.

SITE Centers (NYSE:SITC - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. The company had revenue of $32.87 million during the quarter, compared to analyst estimates of $43.58 million. On average, equities research analysts expect that SITE Centers Corp. will post 3.24 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on SITC. Wells Fargo & Company lowered 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. StockNews.com lowered SITE Centers from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Piper Sandler cut their target price 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. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $35.25.

SITE Centers Company 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.