Two Sigma Investments LP Acquires Shares of 283,838 SITE Centers Corp. (NYSE:SITC)

Two Sigma Investments LP purchased a new position in shares of SITE Centers Corp. (NYSE:SITC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 283,838 shares of the company's stock, valued at approximately $4,340,000. Two Sigma Investments LP owned about 0.54% of SITE Centers at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in shares of SITE Centers by 72.4% in the 4th quarter. SG Americas Securities LLC now owns 28,130 shares of the company's stock worth $430,000 after acquiring an additional 11,812 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of SITE Centers by 33,478.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 18,804 shares of the company's stock worth $288,000 after acquiring an additional 18,748 shares during the last quarter. KBC Group NV lifted its holdings in shares of SITE Centers by 170.4% in the 4th quarter. KBC Group NV now owns 3,480 shares of the company's stock worth $53,000 after acquiring an additional 2,193 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of SITE Centers in the 4th quarter worth approximately $5,401,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of SITE Centers in the 4th quarter worth approximately $163,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

SITE Centers Stock Down 0.2%

Shares of NYSE:SITC traded down $0.03 during trading hours on Monday, reaching $11.90. The stock had a trading volume of 528,620 shares, compared to its average volume of 914,910. SITE Centers Corp. has a 1 year low of $10.46 and a 1 year high of $64.44. The firm's 50 day moving average is $11.94 and its 200-day moving average is $13.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.55 and a current ratio of 6.55. The stock has a market capitalization of $623.83 million, a price-to-earnings ratio of 0.87 and a beta of 1.32.

SITE Centers (NYSE:SITC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). SITE Centers had a net margin of 164.10% and a return on equity of 34.20%. The firm had revenue of $40.35 million during the quarter, compared to analysts' expectations of $33.50 million. During the same period in the prior year, the company posted $0.28 earnings per share. The company's revenue for the quarter was down 66.6% on a year-over-year basis. Research analysts predict that SITE Centers Corp. will post 3.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SITC shares. 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 report on Friday, February 28th. Wells Fargo & Company reduced their target price on shares of SITE Centers from $17.00 to $14.50 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Wall Street Zen lowered shares of SITE Centers from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, SITE Centers 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.