SITE Centers Corp. (NYSE:SITC) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its stake in SITE Centers Corp. (NYSE:SITC - Free Report) by 32.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 435,461 shares of the company's stock after selling 212,930 shares during the period. Great Lakes Advisors LLC owned about 0.21% of SITE Centers worth $5,935,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SITC. Vanguard Personalized Indexing Management LLC lifted its holdings in SITE Centers by 14.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,998 shares of the company's stock valued at $204,000 after buying an additional 1,942 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of SITE Centers by 4.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,762 shares of the company's stock valued at $1,471,000 after purchasing an additional 4,236 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of SITE Centers by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,341,667 shares of the company's stock valued at $45,547,000 after purchasing an additional 43,406 shares in the last quarter. Metis Global Partners LLC grew its stake in SITE Centers by 14.1% during the fourth quarter. Metis Global Partners LLC now owns 11,857 shares of the company's stock worth $162,000 after purchasing an additional 1,462 shares during the period. Finally, Van ECK Associates Corp increased its holdings in SITE Centers by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 26,717 shares of the company's stock worth $364,000 after purchasing an additional 4,393 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

SITE Centers Stock Up 0.5 %

SITC stock traded up $0.07 during trading on Friday, reaching $14.34. 1,086,755 shares of the stock were exchanged, compared to its average volume of 1,659,867. The firm's 50 day moving average is $13.98 and its 200 day moving average is $13.72. The firm has a market cap of $3.00 billion, a P/E ratio of 14.06 and a beta of 1.60. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 0.80. SITE Centers Corp. has a twelve month low of $10.88 and a twelve month high of $14.71.

SITE Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Tuesday, June 18th. SITE Centers's payout ratio is 50.98%.

Analyst Ratings Changes

Separately, Wells Fargo & Company reaffirmed an "overweight" rating and set a $15.50 price objective on shares of SITE Centers in a research report on Monday, April 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, SITE Centers has a consensus rating of "Hold" and an average price target of $14.25.

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.