AQR Capital Management LLC Has $11.13 Million Stock Holdings in SITE Centers Corp. (NYSE:SITC)

AQR Capital Management LLC grew its position in shares of SITE Centers Corp. (NYSE:SITC - Free Report) by 3,701.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 727,672 shares of the company's stock after purchasing an additional 708,530 shares during the quarter. AQR Capital Management LLC owned 1.39% of SITE Centers worth $11,126,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV lifted its holdings in shares of SITE Centers by 170.4% during the fourth quarter. KBC Group NV now owns 3,480 shares of the company's stock valued at $53,000 after purchasing an additional 2,193 shares during the last quarter. Covestor Ltd raised its holdings in SITE Centers by 483.2% during the 4th quarter. Covestor Ltd now owns 3,756 shares of the company's stock worth $57,000 after buying an additional 3,112 shares during the period. Van ECK Associates Corp lifted its stake in SITE Centers by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 8,996 shares of the company's stock valued at $138,000 after buying an additional 833 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of SITE Centers in the fourth quarter worth about $148,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of SITE Centers in the fourth quarter worth approximately $163,000. 88.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SITC has been the subject of a number of recent analyst reports. Piper Sandler decreased their price objective on shares of SITE Centers from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Wells Fargo & Company decreased their target price on SITE Centers from $17.00 to $14.50 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Finally, StockNews.com lowered SITE Centers from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, SITE Centers has a consensus rating of "Hold" and a consensus target price of $35.25.

SITE Centers Stock Down 0.2 %

SITC stock traded down $0.02 during mid-day trading on Friday, hitting $12.03. The stock had a trading volume of 561,246 shares, compared to its average volume of 901,725. SITE Centers Corp. has a 1-year low of $10.46 and a 1-year high of $64.44. The company has a fifty day moving average of $12.24 and a 200 day moving average of $14.31. 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 capitalization of $630.91 million, a price-to-earnings ratio of 0.88 and a beta of 1.32.

SITE Centers (NYSE:SITC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The firm had revenue of $40.35 million during the quarter, compared to analyst estimates of $33.50 million. SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. The company's quarterly revenue was down 66.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. On average, equities analysts expect that SITE Centers Corp. will post 3.24 EPS 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.