Universal Beteiligungs und Servicegesellschaft mbH Has $4.20 Million Stake in Site Centers Corp. $SITC

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Site Centers by 150.9% in Q4 to 654,465 shares, representing a 1.25% ownership stake worth about $4.20 million.
• Other institutional moves include Goldman Sachs boosting its stake 88.5% to 725,279 shares (~$9.31M) and Jane Street establishing a new ~ $4.02M position, leaving institutions with roughly 88.7% of SITC outstanding.
• SITC shares opened at $5.46 (50-day MA $5.72, 200-day MA $6.54) with a market cap of $286.2M and a P/E of 1.62; the company reported quarterly EPS of $2.55 (beating estimates) but revenue missed, and analysts have a consensus rating of “Reduce” with an average target of $8.00.

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Site Centers Corp. (NYSE:SITC - Free Report) by 150.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 654,465 shares of the company's stock after acquiring an additional 393,571 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 1.25% of Site Centers worth $4,202,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SITC. Royal Bank of Canada increased its holdings in shares of Site Centers by 11.5% during the 1st quarter. Royal Bank of Canada now owns 139,626 shares of the company's stock valued at $1,793,000 after acquiring an additional 14,395 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Site Centers by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,217 shares of the company's stock valued at $362,000 after acquiring an additional 1,185 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Site Centers by 88.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 725,279 shares of the company's stock valued at $9,313,000 after purchasing an additional 340,452 shares during the period. Jane Street Group LLC bought a new stake in Site Centers during the 1st quarter valued at approximately $4,023,000. Finally, Strs Ohio bought a new stake in Site Centers during the 1st quarter valued at approximately $114,000. Institutional investors and hedge funds own 88.70% of the company's stock.

Site Centers Stock Down 2.8%

Shares of NYSE:SITC opened at $5.46 on Thursday. The business has a 50 day moving average price of $5.72 and a 200 day moving average price of $6.54. Site Centers Corp. has a twelve month low of $5.24 and a twelve month high of $13.10. The company has a market cap of $286.18 million, a price-to-earnings ratio of 1.62 and a beta of 1.09.

Site Centers (NYSE:SITC - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $22.39 million.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a "sell (d)" rating on shares of Site Centers in a research note on Friday, March 27th. Piper Sandler increased their target price on Site Centers from $5.50 to $6.00 and gave the company a "neutral" rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen upgraded Site Centers from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $8.00.

Site Centers Profile

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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