SITE Centers Corp. (NYSE:SITC - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as $14.55 and last traded at $14.86, with a volume of 54675 shares trading hands. The stock had previously closed at $14.98.
Analyst Upgrades and Downgrades
Several analysts have issued reports on SITC shares. Compass Point reduced their price target on shares of SITE Centers from $64.00 to $17.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Wells Fargo & Company lowered their target price on SITE Centers from $17.50 to $17.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. StockNews.com started coverage on SITE Centers in a research report on Wednesday, December 4th. They issued a "hold" rating on the stock. Piper Sandler dropped 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. Finally, Citigroup reduced their target price on shares of SITE Centers from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, SITE Centers has a consensus rating of "Hold" and a consensus target price of $35.75.
View Our Latest Stock Analysis on SITC
SITE Centers Price Performance
The company's 50-day moving average is $15.26 and its 200-day moving average is $57.53. The firm has a market capitalization of $793.53 million, a price-to-earnings ratio of 1.11 and a beta of 1.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.55 and a quick ratio of 6.55.
Insider Buying and Selling
In other news, EVP John M. Cattonar sold 8,794 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $133,844.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dawn M. Sweeney sold 3,768 shares of the company's stock in a transaction on Monday, December 16th. The stock was 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 trade represents a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 181,457 shares of company stock valued at $2,791,693. 10.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On SITE Centers
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in shares of SITE Centers during the third quarter valued at approximately $2,596,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in SITE Centers by 19.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,157 shares of the company's stock valued at $19,612,000 after purchasing an additional 53,412 shares in the last quarter. Graham Capital Wealth Management LLC purchased a new stake in SITE Centers during the 4th quarter worth $2,226,000. CWA Asset Management Group LLC acquired a new position in SITE Centers in the 4th quarter worth $606,000. Finally, Soros Fund Management LLC purchased a new position in SITE Centers in the 3rd quarter valued at about $3,025,000. 88.70% of the stock is owned by institutional investors and hedge funds.
About SITE Centers
(
Get 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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