Algert Global LLC trimmed its position in shares of SITE Centers Corp. (NYSE:SITC - Free Report) by 75.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,039 shares of the company's stock after selling 310,871 shares during the quarter. Algert Global LLC owned approximately 0.19% of SITE Centers worth $6,113,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC acquired a new position in shares of SITE Centers during the 1st quarter worth approximately $147,000. CANADA LIFE ASSURANCE Co grew its holdings in SITE Centers by 5.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 447,965 shares of the company's stock valued at $6,556,000 after buying an additional 22,008 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of SITE Centers by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 131,109 shares of the company's stock worth $1,921,000 after acquiring an additional 6,943 shares during the last quarter. Diversified Trust Co purchased a new position in shares of SITE Centers during the 2nd quarter worth $152,000. Finally, Vanderbilt University boosted its position in shares of SITE Centers by 10.0% during the 2nd quarter. Vanderbilt University now owns 12,378 shares of the company's stock valued at $179,000 after acquiring an additional 1,126 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
SITC has been the topic of a number of recent analyst reports. Piper Sandler lowered their price objective on SITE Centers from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Compass Point lowered their price target on SITE Centers from $64.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. StockNews.com started coverage on shares of SITE Centers in a report on Monday, November 18th. They issued a "buy" rating on the stock. Truist Financial lifted their price target on shares of SITE Centers from $56.00 to $58.00 and gave the company a "hold" rating in a research report on Wednesday, August 28th. Finally, KeyCorp restated a "sector weight" rating on shares of SITE Centers in a report on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, SITE Centers presently has an average rating of "Hold" and a consensus price target of $58.89.
View Our Latest Report on SITE Centers
SITE Centers Stock Performance
SITC traded down $0.06 on Friday, reaching $16.10. The company had a trading volume of 948,833 shares, compared to its average volume of 1,354,826. 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 1 year low of $15.43 and a 1 year high of $64.44. The stock has a market capitalization of $844.12 million, a PE ratio of 1.18 and a beta of 1.62. The stock has a 50-day moving average price of $26.01 and a 200-day moving average price of $137.65.
SITE Centers (NYSE:SITC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $6.07 earnings per share for the quarter, beating the consensus estimate of $0.87 by $5.20. SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. The business had revenue of $89.43 million during the quarter, compared to the consensus estimate of $104.55 million. During the same period in the prior year, the company earned $1.32 earnings per share. The company's revenue was down 37.5% compared to the same quarter last year. As a group, research analysts forecast that SITE Centers Corp. will post 2.9 EPS for the current fiscal year.
SITE Centers Company Profile
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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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![Institutional Ownership by Quarter for SITE Centers (NYSE:SITC)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=SITC)
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