Caxton Associates LP Takes $4.15 Million Position in SITE Centers Corp. (NYSE:SITC)

Caxton Associates LP acquired a new position in shares of SITE Centers Corp. (NYSE:SITC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 271,443 shares of the company's stock, valued at approximately $4,150,000. Caxton Associates LP owned approximately 0.52% of SITE Centers as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Illinois Municipal Retirement Fund increased its stake in SITE Centers by 3.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 25,206 shares of the company's stock valued at $385,000 after buying an additional 730 shares during the last quarter. Van ECK Associates Corp boosted its position in SITE Centers by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 8,996 shares of the company's stock worth $138,000 after purchasing an additional 833 shares during the last quarter. MetLife Investment Management LLC grew its stake in SITE Centers by 5.5% in the 4th quarter. MetLife Investment Management LLC now owns 30,425 shares of the company's stock valued at $465,000 after purchasing an additional 1,598 shares during the period. KBC Group NV raised its stake in shares of SITE Centers by 170.4% during the 4th quarter. KBC Group NV now owns 3,480 shares of the company's stock worth $53,000 after purchasing an additional 2,193 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in shares of SITE Centers by 5.1% in the 4th quarter. Meeder Asset Management Inc. now owns 45,105 shares of the company's stock worth $690,000 after buying an additional 2,199 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

SITE Centers Price Performance

Shares of SITC traded down $0.02 during trading hours on Friday, reaching $12.03. 561,246 shares of the company's stock traded hands, compared to its average volume of 906,380. 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 simple moving average is $12.21 and its 200-day simple moving average is $14.26. The stock has a market cap of $630.91 million, a PE ratio of 0.88 and a beta of 1.32. SITE Centers Corp. has a 12 month low of $10.46 and a 12 month high of $64.44.

SITE Centers (NYSE:SITC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The company had revenue of $40.35 million during the quarter, compared to analysts' expectations of $33.50 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 66.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. Equities analysts expect that SITE Centers Corp. will post 3.24 EPS for the current year.

Wall Street Analysts Forecast Growth

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

SITE Centers 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.