SITE Centers Corp. (NYSE:SITC) Shares Bought by Nebula Research & Development LLC

Nebula Research & Development LLC raised its holdings in shares of SITE Centers Corp. (NYSE:SITC - Free Report) by 310.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,975 shares of the company's stock after acquiring an additional 99,060 shares during the period. Nebula Research & Development LLC owned approximately 0.25% of SITE Centers worth $2,003,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SITC. Graham Capital Wealth Management LLC acquired a new position in shares of SITE Centers in the 4th quarter valued at $2,226,000. Advisors Preferred LLC purchased a new position in SITE Centers in the fourth quarter valued at $2,517,000. Amundi raised its position in shares of SITE Centers by 44.8% in the fourth quarter. Amundi now owns 49,206 shares of the company's stock worth $736,000 after acquiring an additional 15,227 shares during the period. Geode Capital Management LLC boosted its stake in shares of SITE Centers by 18.4% during the 4th quarter. Geode Capital Management LLC now owns 1,412,163 shares of the company's stock worth $21,595,000 after acquiring an additional 219,636 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of SITE Centers by 287.1% during the 4th quarter. Assetmark Inc. now owns 89,705 shares of the company's stock valued at $1,372,000 after acquiring an additional 66,529 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SITC has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on SITE Centers from $17.00 to $14.50 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Piper Sandler dropped their price target on shares of SITE Centers from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Finally, StockNews.com lowered shares of SITE Centers from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $35.25.

SITE Centers Stock Up 0.7 %

Shares of SITC traded up $0.09 during midday trading on Thursday, hitting $11.93. The company had a trading volume of 134,333 shares, compared to its average volume of 894,238. SITE Centers Corp. has a 1 year low of $10.46 and a 1 year high of $64.44. The firm has a market capitalization of $625.41 million, a P/E ratio of 0.87 and a beta of 1.30. 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 company's 50-day simple moving average is $12.50 and its 200-day simple moving average is $14.52.

SITE Centers (NYSE:SITC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. The firm had revenue of $32.87 million for the quarter, compared to analysts' expectations of $43.58 million. As a group, sell-side analysts expect that SITE Centers Corp. will post 3.24 EPS for the current year.

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.