Site Centers Corp. $SITC Shares Acquired by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC boosted its stake in Site Centers by 698.7% in Q4, acquiring 717,098 shares to hold 819,736 shares (about 1.56% of the company) valued at $5.263 million.
• Analyst sentiment is negative with a MarketBeat consensus rating of "Reduce" and an average price target of $7.75; Piper Sandler cut its target to $5.50 while research houses range from Hold to Sell.
• Shares trade near their one‑year low (opened at $5.36) despite Site Centers reporting an EPS beat of $2.55 (versus -$0.24 expected) while revenue missed expectations; market cap is about $280.9 million.

SG Americas Securities LLC increased its position in Site Centers Corp. (NYSE:SITC - Free Report) by 698.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 819,736 shares of the company's stock after buying an additional 717,098 shares during the quarter. SG Americas Securities LLC owned about 1.56% of Site Centers worth $5,263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in Site Centers by 46.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,626 shares of the company's stock worth $155,000 after acquiring an additional 7,838 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Site Centers by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 561,110 shares of the company's stock valued at $5,056,000 after purchasing an additional 88,398 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of Site Centers by 47.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 314,955 shares of the company's stock worth $2,838,000 after purchasing an additional 100,709 shares during the period. Cambria Investment Management L.P. increased its position in Site Centers by 15.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 48,981 shares of the company's stock worth $441,000 after purchasing an additional 6,615 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in Site Centers by 196.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 442,801 shares of the company's stock worth $3,990,000 after purchasing an additional 293,433 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SITC. Piper Sandler decreased their price objective on shares of Site Centers from $6.50 to $5.50 and set a "neutral" rating for the company in a research note on Wednesday. Weiss Ratings reissued a "sell (d)" rating on shares of Site Centers in a research note on Friday, March 27th. Finally, Wall Street Zen raised shares of Site Centers from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $7.75.

Site Centers Stock Performance

Shares of NYSE:SITC opened at $5.36 on Thursday. The business's 50-day simple moving average is $6.07 and its 200 day simple moving average is $7.01. The company has a market cap of $280.92 million, a P/E ratio of 1.59 and a beta of 1.09. Site Centers Corp. has a one year low of $5.24 and a one year high of $13.10.

Site Centers (NYSE:SITC - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $2.79. Site Centers had a return on equity of 43.13% and a net margin of 156.72%.The firm had revenue of $17.51 million during the quarter, compared to analysts' expectations of $22.39 million. Analysts predict that Site Centers Corp. will post 3.24 earnings per share for the current year.

About Site Centers

Site Centers NYSE: SITC is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of grocery-anchored shopping centers. The company's portfolio comprises open-air retail properties that primarily serve daily needs tenants and national retailers. By concentrating on neighborhood and community shopping centers, Site Centers aims to provide stable occupancy levels and resilient income streams driven by essential services such as supermarkets, pharmacies and convenient dining options.

Originally known as DDR Corp., the company rebranded as Site Centers in 2021 to emphasize its strategic focus on high-quality retail assets and long-term value creation.

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