Robeco Institutional Asset Management B.V. Purchases 49,190 Shares of Site Centers Corp. (NYSE:SITC)

Robeco Institutional Asset Management B.V. increased its position in Site Centers Corp. (NYSE:SITC - Free Report) by 13.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 402,405 shares of the company's stock after buying an additional 49,190 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.77% of Site Centers worth $5,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Covestor Ltd raised its position in Site Centers by 483.2% during the 4th quarter. Covestor Ltd now owns 3,756 shares of the company's stock worth $57,000 after purchasing an additional 3,112 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Site Centers by 1,223.2% in the first quarter. GAMMA Investing LLC now owns 8,230 shares of the company's stock valued at $106,000 after buying an additional 7,608 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Site Centers during the fourth quarter worth about $148,000. Rangeley Capital LLC bought a new position in shares of Site Centers during the fourth quarter worth about $186,000. Finally, Aristides Capital LLC acquired a new position in shares of Site Centers in the fourth quarter worth approximately $205,000. Institutional investors own 88.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SITC shares. Wall Street Zen raised shares of Site Centers from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Wells Fargo & Company reduced their price objective on shares of 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. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Site Centers has an average rating of "Hold" and an average price target of $35.25.

Site Centers Trading Up 0.8%

SITC traded up $0.10 during trading on Wednesday, hitting $11.58. The company's stock had a trading volume of 64,385 shares, compared to its average volume of 994,122. The firm has a market capitalization of $606.99 million, a P/E ratio of 1.12 and a beta of 1.31. Site Centers Corp. has a twelve month low of $10.46 and a twelve month high of $64.44. The stock's fifty day moving average price is $12.05 and its 200-day moving average price is $13.27. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.58.

Site Centers (NYSE:SITC - Get Free Report) last released its quarterly earnings data 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 201.78% and a return on equity of 39.38%. The company had revenue of $40.35 million during the quarter, compared to the consensus estimate of $33.50 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The business's revenue was down 66.6% compared to the same quarter last year. Analysts anticipate that Site Centers Corp. will post 3.24 EPS for the current year.

Site Centers Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.50 dividend.

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.