Barclays PLC Has $1.77 Million Stake in SITE Centers Corp. (NYSE:SITC)

Barclays PLC increased its position in SITE Centers Corp. (NYSE:SITC - Free Report) by 37.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,761 shares of the company's stock after buying an additional 31,427 shares during the period. Barclays PLC owned 0.22% of SITE Centers worth $1,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. World Investment Advisors LLC bought a new stake in SITE Centers during the 3rd quarter valued at approximately $622,000. CWA Asset Management Group LLC bought a new stake in SITE Centers in the fourth quarter valued at $606,000. SG Americas Securities LLC increased its position in shares of SITE Centers by 72.4% during the 4th quarter. SG Americas Securities LLC now owns 28,130 shares of the company's stock worth $430,000 after purchasing an additional 11,812 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of SITE Centers by 33,478.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 18,804 shares of the company's stock valued at $288,000 after acquiring an additional 18,748 shares during the last quarter. Finally, KBC Group NV raised its position in SITE Centers by 170.4% in the 4th 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. Institutional investors own 88.70% of the company's stock.

SITE Centers Stock Up 0.5 %

NYSE SITC traded up $0.06 during trading hours on Thursday, hitting $12.11. 40,904 shares of the company traded hands, compared to its average volume of 884,975. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.55 and a current ratio of 6.55. The business's 50-day moving average is $12.27 and its 200-day moving average is $14.34. The stock has a market capitalization of $635.11 million, a price-to-earnings ratio of 0.89 and a beta of 1.32. SITE Centers Corp. has a twelve month low of $10.45 and a twelve month high of $32.22.

SITE Centers (NYSE:SITC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). SITE Centers had a net margin of 164.10% and a return on equity of 34.20%. The firm had revenue of $40.35 million during the quarter, compared to the consensus estimate of $33.50 million. During the same period in the prior year, the business posted $0.28 earnings per share. SITE Centers's quarterly revenue was down 66.6% compared to the same quarter last year. Sell-side analysts anticipate that SITE Centers Corp. will post 3.24 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on SITC shares. Piper Sandler decreased their price target on shares of SITE Centers from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. StockNews.com lowered shares of SITE Centers from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company lowered their price target on SITE Centers from $17.00 to $14.50 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $35.25.

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.