Robeco Institutional Asset Management B.V. Invests $5.40 Million in SITE Centers Corp. (NYSE:SITC)

Robeco Institutional Asset Management B.V. bought a new stake in shares of SITE Centers Corp. (NYSE:SITC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 353,215 shares of the company's stock, valued at approximately $5,401,000. Robeco Institutional Asset Management B.V. owned 0.67% of SITE Centers at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. KBC Group NV increased its holdings in SITE Centers by 170.4% in the fourth 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. Vestcor Inc acquired a new position in shares of SITE Centers during the 3rd quarter worth about $95,000. Neo Ivy Capital Management bought a new stake in shares of SITE Centers in the 3rd quarter valued at about $202,000. Systematic Financial Management LP acquired a new stake in shares of SITE Centers in the 3rd quarter valued at approximately $203,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of SITE Centers in the 3rd quarter valued at approximately $244,000. Institutional investors own 88.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on SITC shares. Wells Fargo & Company lowered their target price on shares of SITE Centers from $17.50 to $17.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Piper Sandler lowered 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. StockNews.com began coverage on SITE Centers in a report on Wednesday, December 4th. They set a "hold" rating on the stock. Citigroup lowered their price target on SITE Centers from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, December 9th. Finally, Compass Point cut their price objective on SITE Centers from $64.00 to $17.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $35.75.

SITE Centers Stock Up 0.3 %

Shares of NYSE:SITC traded up $0.05 during mid-day trading on Thursday, reaching $15.14. 719,000 shares of the stock were exchanged, compared to its average volume of 780,658. The stock's 50 day simple moving average is $15.25 and its 200-day simple moving average is $57.24. SITE Centers Corp. has a one year low of $14.55 and a one year high of $32.22. The company has a market cap of $793.53 million, a P/E ratio of 1.11 and a beta of 1.60. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.12.

Insiders Place Their Bets

In other SITE Centers news, Director Dawn M. Sweeney sold 3,768 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $15.54, for a total transaction of $58,554.72. Following the sale, the director now directly owns 29,082 shares of the company's stock, valued at approximately $451,934.28. This represents a 11.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John M. Cattonar sold 8,794 shares of SITE Centers stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $133,844.68. The disclosure for this sale can be found here. Insiders sold a total of 181,457 shares of company stock valued at $2,791,693 in the last quarter. 10.10% of the stock is currently owned by insiders.

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.