SITE Centers Corp. (NYSE:SITC) Director Dawn M. Sweeney Sells 3,768 Shares

SITE Centers Corp. (NYSE:SITC) Director Dawn M. Sweeney sold 3,768 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $15.54, for a total value of $58,554.72. Following the sale, the director now directly owns 29,082 shares in the company, valued at $451,934.28. This trade represents a 11.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

SITE Centers Trading Down 1.7 %

Shares of SITE Centers stock opened at $15.01 on Friday. The company has a 50-day moving average of $16.07 and a two-hundred day moving average of $110.49. SITE Centers Corp. has a 12-month low of $15.00 and a 12-month high of $64.44. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.12. The stock has a market cap of $786.97 million, a PE ratio of 1.10 and a beta of 1.61.

SITE Centers (NYSE:SITC) last released 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. The firm had revenue of $89.43 million during the quarter, compared to the consensus estimate of $104.55 million. SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. SITE Centers’s quarterly revenue was down 37.5% on a year-over-year basis. During the same period last year, the business posted $1.32 EPS. On average, research analysts anticipate that SITE Centers Corp. will post 3.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SITC shares. Truist Financial increased their target price 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. StockNews.com assumed coverage on SITE Centers in a research report on Wednesday, December 4th. They issued a “hold” rating for the company. KeyCorp reaffirmed a “sector weight” rating on shares of SITE Centers in a research report on Monday, October 7th. Stifel Nicolaus raised their target price on shares of SITE Centers from $65.00 to $65.25 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company cut shares of SITE Centers from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $68.00 to $19.00 in a report on Wednesday, October 2nd. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SITC. Dimensional Fund Advisors LP increased its stake in shares of SITE Centers by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,719,081 shares of the company’s stock worth $39,426,000 after purchasing an additional 31,529 shares in the last quarter. APG Asset Management US Inc. increased its position in SITE Centers by 145.0% during the second quarter. APG Asset Management US Inc. now owns 905,000 shares of the company’s stock worth $12,996,000 after buying an additional 535,550 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of SITE Centers by 6.8% in the second quarter. Renaissance Technologies LLC now owns 882,336 shares of the company’s stock worth $12,794,000 after acquiring an additional 56,013 shares during the last quarter. Bank of Montreal Can lifted its position in shares of SITE Centers by 3,017.5% in the second quarter. Bank of Montreal Can now owns 763,670 shares of the company’s stock valued at $11,081,000 after acquiring an additional 739,174 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its position in shares of SITE Centers by 13.3% in the second quarter. Peregrine Capital Management LLC now owns 488,993 shares of the company’s stock valued at $7,090,000 after acquiring an additional 57,281 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

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.