Hsbc Holdings PLC lifted its holdings in shares of SITE Centers Corp. (NYSE:SITC - Free Report) by 161.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,387 shares of the company's stock after purchasing an additional 60,769 shares during the quarter. Hsbc Holdings PLC owned 0.19% of SITE Centers worth $1,496,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of SITC. Tower Research Capital LLC TRC lifted its position in SITE Centers by 1,306.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,419 shares of the company's stock valued at $205,000 after purchasing an additional 12,465 shares during the last quarter. MetLife Investment Management LLC boosted its position in SITE Centers by 5.5% during the 4th quarter. MetLife Investment Management LLC now owns 30,425 shares of the company's stock valued at $465,000 after acquiring an additional 1,598 shares in the last quarter. First Trust Advisors LP raised its holdings in SITE Centers by 21.5% in the fourth quarter. First Trust Advisors LP now owns 63,754 shares of the company's stock worth $975,000 after purchasing an additional 11,296 shares in the last quarter. Barclays PLC grew its position in shares of SITE Centers by 37.3% in the 4th quarter. Barclays PLC now owns 115,761 shares of the company's stock worth $1,770,000 after buying an additional 31,427 shares during the period. Finally, Covestor Ltd grew its holdings in SITE Centers by 483.2% in the fourth quarter. Covestor Ltd now owns 3,756 shares of the company's stock worth $57,000 after purchasing an additional 3,112 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.
SITE Centers Trading Down 0.1 %
NYSE SITC traded down $0.01 on Thursday, hitting $12.04. 68,326 shares of the stock were exchanged, compared to its average volume of 899,053. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.55 and a current ratio of 6.55. SITE Centers Corp. has a 52-week low of $10.46 and a 52-week high of $64.44. The firm has a market capitalization of $631.44 million, a P/E ratio of 0.88 and a beta of 1.32. The stock has a fifty day moving average price of $12.27 and a two-hundred day moving average price of $14.34.
SITE Centers (NYSE:SITC - Get Free Report) last issued its quarterly 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 firm had revenue of $40.35 million for the quarter, compared to the consensus estimate of $33.50 million. SITE Centers had a net margin of 164.10% and a return on equity of 34.20%. The business's revenue for the quarter was down 66.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. Research analysts forecast that SITE Centers Corp. will post 3.24 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on SITC shares. Piper Sandler lowered their price objective on SITE Centers from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Wells Fargo & Company reduced their price target on shares of SITE Centers from $17.00 to $14.50 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Finally, StockNews.com cut shares of SITE Centers from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $35.25.
Get Our Latest Report on SITE Centers
SITE Centers Company Profile
(
Free Report)
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.
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