Site Centers Corp. (NYSE:SITC) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Site Centers Corp. (NYSE:SITC - Free Report) by 111.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,376 shares of the company's stock after acquiring an additional 31,246 shares during the period. SG Americas Securities LLC owned 0.11% of Site Centers worth $762,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund lifted its holdings in Site Centers by 3.0% in the fourth quarter. Illinois Municipal Retirement Fund now owns 25,206 shares of the company's stock valued at $385,000 after acquiring an additional 730 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Site Centers by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 8,996 shares of the company's stock valued at $138,000 after acquiring an additional 833 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Site Centers by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,032 shares of the company's stock valued at $413,000 after purchasing an additional 1,011 shares during the period. Deutsche Bank AG raised its position in Site Centers by 1.9% in the fourth quarter. Deutsche Bank AG now owns 63,704 shares of the company's stock valued at $974,000 after purchasing an additional 1,195 shares during the period. Finally, MetLife Investment Management LLC raised its position in Site Centers by 5.5% in the fourth quarter. MetLife Investment Management LLC now owns 30,425 shares of the company's stock valued at $465,000 after purchasing an additional 1,598 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Site Centers Stock Up 2.0%

NYSE:SITC traded up $0.25 during trading hours on Monday, hitting $12.75. The company's stock had a trading volume of 1,608,772 shares, compared to its average volume of 971,584. The stock has a market capitalization of $668.35 million, a P/E ratio of 1.23 and a beta of 1.33. The stock has a fifty day moving average of $11.97 and a 200-day moving average of $13.39. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.58. Site Centers Corp. has a 52-week low of $10.46 and a 52-week high of $64.44.

Site Centers (NYSE:SITC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $40.35 million during the quarter, compared to analysts' expectations of $33.50 million. Site Centers had a net margin of 201.78% and a return on equity of 39.38%. The business's quarterly revenue was down 66.6% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. On average, equities analysts forecast that Site Centers Corp. will post 3.24 earnings per share for the current year.

Site Centers Announces Dividend

The business also recently disclosed 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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SITC. Piper Sandler cut their target price on Site Centers from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company cut their target price on Site Centers from $17.00 to $14.50 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Finally, Wall Street Zen raised Site Centers from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.