Dimensional Fund Advisors LP Sells 135,111 Shares of SITE Centers Corp. (NYSE:SITC)

Dimensional Fund Advisors LP decreased its holdings in SITE Centers Corp. (NYSE:SITC - Free Report) by 20.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 537,072 shares of the company's stock after selling 135,111 shares during the period. Dimensional Fund Advisors LP owned about 1.02% of SITE Centers worth $8,211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SITC. KBC Group NV raised its holdings in 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 last quarter. Covestor Ltd lifted its position in SITE Centers by 483.2% during the fourth quarter. Covestor Ltd now owns 3,756 shares of the company's stock valued at $57,000 after purchasing an additional 3,112 shares during the last quarter. Van ECK Associates Corp raised its position 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 purchasing an additional 833 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in SITE Centers during the fourth quarter valued at approximately $148,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of SITE Centers in the 4th quarter worth approximately $163,000. Institutional investors and hedge funds own 88.70% of the company's stock.

SITE Centers Price Performance

Shares of SITE Centers stock traded up $0.11 during midday trading on Thursday, reaching $12.25. The company had a trading volume of 82,019 shares, compared to its average volume of 904,360. SITE Centers Corp. has a 1-year low of $10.46 and a 1-year high of $64.44. The company has a market capitalization of $642.45 million, a price-to-earnings ratio of 0.90 and a beta of 1.32. 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 fifty day simple moving average of $12.16 and a 200 day simple moving average of $14.18.

SITE Centers (NYSE:SITC - Get Free Report) last announced 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). 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 last year, the business earned $0.28 EPS. The business's revenue was down 66.6% on a year-over-year basis. As a group, equities research analysts forecast that SITE Centers Corp. will post 3.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

SITC has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on shares of 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. Piper Sandler dropped their target price on SITE Centers from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Finally, StockNews.com cut shares of SITE Centers from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.