Caxton Associates LP Makes New $4.15 Million Investment in SITE Centers Corp. (NYSE:SITC)

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

Several other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. acquired a new position in shares of SITE Centers during the 4th quarter worth about $34,297,000. Invesco Ltd. boosted its position in SITE Centers by 777.4% during the fourth quarter. Invesco Ltd. now owns 2,121,114 shares of the company's stock valued at $32,432,000 after purchasing an additional 1,879,351 shares during the last quarter. AQR Capital Management LLC increased its position in shares of SITE Centers by 3,701.4% during the 4th quarter. AQR Capital Management LLC now owns 727,672 shares of the company's stock worth $11,126,000 after purchasing an additional 708,530 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of SITE Centers by 10.2% during the 4th quarter. Vanguard Group Inc. now owns 7,296,037 shares of the company's stock worth $111,556,000 after purchasing an additional 675,190 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of SITE Centers by 161.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 898,691 shares of the company's stock valued at $13,741,000 after buying an additional 554,654 shares during the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

SITE Centers Trading Up 1.3 %

Shares of NYSE:SITC traded up $0.16 during mid-day trading on Wednesday, hitting $12.05. The company had a trading volume of 1,086,847 shares, compared to its average volume of 902,351. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.55 and a quick ratio of 6.55. SITE Centers Corp. has a one year low of $10.46 and a one year high of $64.44. The firm has a fifty day moving average price of $12.27 and a 200 day moving average price of $14.34. The company has a market capitalization of $631.96 million, a PE ratio of 0.88 and a beta of 1.32.

SITE Centers (NYSE:SITC - Get Free Report) last posted its quarterly 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's revenue was down 66.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. As a group, research analysts forecast that SITE Centers Corp. will post 3.24 EPS for the current year.

Analyst Upgrades and Downgrades

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