Robeco Institutional Asset Management B.V. Has $5.17 Million Holdings in SITE CENTERS CORP. (NYSE:SITC)

Robeco Institutional Asset Management B.V. raised its position in shares of SITE CENTERS CORP. (NYSE:SITC - Free Report) by 13.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SITC. Covestor Ltd boosted 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 acquiring an additional 3,112 shares during the period. GAMMA Investing LLC lifted its position 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 worth $106,000 after purchasing an additional 7,608 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of SITE CENTERS in the fourth quarter worth approximately $148,000. Rangeley Capital LLC acquired a new stake in shares of SITE CENTERS during the fourth quarter worth approximately $186,000. Finally, Aristides Capital LLC purchased a new position in SITE CENTERS during the fourth quarter valued at approximately $205,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SITC. Wall Street Zen upgraded SITE CENTERS from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Wells Fargo & Company reduced their price target on SITE CENTERS from $17.00 to $14.50 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Eight 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 stock currently has an average rating of "Hold" and a consensus target price of $35.25.

SITE CENTERS Stock Up 0.5%

Shares of NYSE:SITC traded up $0.06 on Friday, reaching $11.74. The company had a trading volume of 541,174 shares, compared to its average volume of 1,002,722. The stock has a market capitalization of $615.65 million, a P/E ratio of 1.14 and a beta of 1.31. The stock has a 50-day moving average price of $12.04 and a 200 day moving average price of $13.24. SITE CENTERS CORP. has a twelve month low of $10.46 and a twelve month high of $64.44. 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 announced its earnings results on Wednesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). SITE CENTERS had a return on equity of 39.38% and a net margin of 201.78%. The company had revenue of $40.35 million for the quarter, compared to the consensus estimate of $33.50 million. During the same period in the previous year, the company earned $0.28 EPS. The firm's revenue for the quarter was down 66.6% compared to the same quarter last year. On average, equities analysts expect that SITE CENTERS CORP. will post 3.24 EPS for the current year.

SITE CENTERS Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.50 dividend.

SITE CENTERS Company 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.