SITE Centers Corp. (NYSE:SITC) EVP Sells $133,844.68 in Stock

SITE Centers Corp. (NYSE:SITC) EVP John M. Cattonar sold 8,794 shares of SITE Centers stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.22, for a total value of $133,844.68. The transaction was disclosed in a document filed with the SEC, which is available through this link.

SITE Centers Trading Down 2.0 %

Shares of SITE Centers stock opened at $15.01 on Friday. The firm has a market capitalization of $786.97 million, a PE ratio of 1.10 and a beta of 1.61. 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 firm’s 50 day moving average is $15.86 and its 200 day moving average is $100.50. SITE Centers Corp. has a 1 year low of $14.84 and a 1 year high of $64.44.

SITE Centers (NYSE:SITC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $6.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $5.20. SITE Centers had a net margin of 164.10% and a return on equity of 34.20%. The company 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 business earned $1.32 earnings per share. The company’s revenue for the quarter was down 37.5% compared to the same quarter last year. Equities research analysts forecast that SITE Centers Corp. will post 3.36 earnings per share for the current fiscal year.

Institutional Trading of SITE Centers

Several hedge funds and other institutional investors have recently made changes to their positions in SITC. Bank of Montreal Can boosted its position in SITE Centers by 3,017.5% during the 2nd quarter. Bank of Montreal Can now owns 763,670 shares of the company’s stock worth $11,081,000 after buying an additional 739,174 shares during the period. APG Asset Management US Inc. grew its stake in shares of SITE Centers by 145.0% in the second quarter. APG Asset Management US Inc. now owns 905,000 shares of the company’s stock worth $12,996,000 after purchasing an additional 535,550 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in SITE Centers in the second quarter valued at $3,089,000. Algert Global LLC raised its position in SITE Centers by 65.0% during the 2nd quarter. Algert Global LLC now owns 411,910 shares of the company’s stock worth $5,973,000 after purchasing an additional 162,260 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its holdings in SITE Centers by 13.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 488,993 shares of the company’s stock worth $7,090,000 after buying an additional 57,281 shares during the period. 88.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SITC. Stifel Nicolaus boosted their price target on SITE Centers from $65.00 to $65.25 and gave the company a “buy” rating in a research note on Thursday, September 19th. Piper Sandler reduced their target price on SITE Centers from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Compass Point decreased their price target on SITE Centers from $64.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Citigroup cut their price objective on shares of SITE Centers from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, StockNews.com assumed coverage on shares of SITE Centers in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.04.

About SITE Centers

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.