Segall Bryant & Hamill LLC Purchases Shares of 84,183 SITE Centers Corp. (NYSE:SITC)

Segall Bryant & Hamill 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 filing with the Securities and Exchange Commission. The institutional investor acquired 84,183 shares of the company's stock, valued at approximately $1,287,000. Segall Bryant & Hamill LLC owned 0.16% of SITE Centers as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SITC. Vestcor Inc bought a new stake in SITE Centers during the third quarter valued at about $95,000. Neo Ivy Capital Management bought a new stake in SITE Centers during the 3rd quarter valued at approximately $202,000. Systematic Financial Management LP bought a new stake in SITE Centers during the 3rd quarter valued at approximately $203,000. KBC Group NV lifted its holdings in SITE Centers by 170.4% in the 4th quarter. KBC Group NV now owns 3,480 shares of the company's stock worth $53,000 after purchasing an additional 2,193 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in SITE Centers in the 3rd quarter worth approximately $244,000. Hedge funds and other institutional investors own 88.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on SITC shares. Wells Fargo & Company dropped 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 report on Wednesday, March 26th. Piper Sandler dropped their price target on SITE Centers from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Citigroup reduced their price objective on SITE Centers from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. Finally, StockNews.com downgraded SITE Centers from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $35.25.

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SITE Centers Trading Up 0.1 %

SITC stock traded up $0.02 during mid-day trading on Wednesday, reaching $12.74. The company had a trading volume of 83,038 shares, compared to its average volume of 921,152. The company has a market capitalization of $667.70 million, a PE ratio of 0.93 and a beta of 1.63. The firm has a 50 day moving average of $14.02 and a 200 day moving average of $18.63. SITE Centers Corp. has a 12 month low of $12.47 and a 12 month high of $32.22. 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 (NYSE:SITC - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.16 earnings per share (EPS) 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 the consensus estimate of $43.58 million. SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. On average, equities analysts predict that SITE Centers Corp. will post 3.24 earnings per share for the current fiscal year.

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.