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

Dimensional Fund Advisors LP trimmed its holdings in shares of SITE Centers Corp. (NYSE:SITC - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 537,072 shares of the company's stock after selling 135,111 shares during the quarter. Dimensional Fund Advisors LP owned about 1.02% of SITE Centers worth $8,211,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. First Trust Advisors LP increased its holdings in shares of SITE Centers by 21.5% during the fourth quarter. First Trust Advisors LP now owns 63,754 shares of the company's stock worth $975,000 after purchasing an additional 11,296 shares during the period. Barclays PLC increased its stake in SITE Centers by 37.3% during the 4th quarter. Barclays PLC now owns 115,761 shares of the company's stock worth $1,770,000 after acquiring an additional 31,427 shares during the period. Covestor Ltd raised its holdings in SITE Centers by 483.2% in the 4th quarter. Covestor Ltd now owns 3,756 shares of the company's stock valued at $57,000 after acquiring an additional 3,112 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of SITE Centers during the 4th quarter valued at $2,317,000. Finally, DRW Securities LLC acquired a new stake in shares of SITE Centers during the 4th quarter worth $342,000. Institutional investors and hedge funds own 88.70% of the company's stock.

SITE Centers Price Performance

Shares of NYSE:SITC opened at $12.03 on Friday. SITE Centers Corp. has a one year low of $10.46 and a one year high of $64.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.55 and a quick ratio of 6.55. The company has a market cap of $630.91 million, a price-to-earnings ratio of 0.88 and a beta of 1.32. The firm has a 50 day simple moving average of $12.21 and a 200 day simple moving average of $14.26.

SITE Centers (NYSE:SITC - Get Free Report) last announced 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 firm had revenue of $40.35 million during the quarter, compared to the consensus estimate of $33.50 million. 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 previous year, the company posted $0.28 earnings per share. Research analysts predict that SITE Centers Corp. will post 3.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SITC has been the subject of a number of analyst reports. StockNews.com downgraded SITE Centers from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Wells Fargo & Company cut 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 report on Wednesday, March 26th. Finally, Piper Sandler decreased their price objective 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. Eight equities 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, the company currently has an average rating of "Hold" and a consensus target price 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.

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