129,311 Shares in SITE Centers Corp. (NYSE:SITC) Bought by Quest Partners LLC

Quest Partners LLC purchased a new position in shares of SITE Centers Corp. (NYSE:SITC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 129,311 shares of the company's stock, valued at approximately $1,763,000. SITE Centers comprises approximately 0.4% of Quest Partners LLC's investment portfolio, making the stock its 24th biggest holding. Quest Partners LLC owned approximately 0.06% of SITE Centers as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of SITE Centers by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 18,476,250 shares of the company's stock valued at $227,812,000 after buying an additional 384,823 shares during the period. FMR LLC raised its holdings in SITE Centers by 21.6% during the 3rd quarter. FMR LLC now owns 16,126,938 shares of the company's stock valued at $198,845,000 after acquiring an additional 2,861,012 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of SITE Centers by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,341,667 shares of the company's stock worth $45,547,000 after acquiring an additional 43,406 shares during the period. Northern Trust Corp raised its stake in shares of SITE Centers by 3.5% during the 3rd quarter. Northern Trust Corp now owns 3,267,272 shares of the company's stock valued at $40,285,000 after purchasing an additional 111,547 shares during the period. Finally, Norges Bank purchased a new stake in SITE Centers during the 4th quarter worth about $34,740,000. Hedge funds and other institutional investors own 88.70% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reissued an "overweight" rating and issued a $15.50 price target on shares of SITE Centers in a 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, SITE Centers has an average rating of "Hold" and an average target price of $14.25.

SITE Centers Price Performance

NYSE SITC traded down $0.31 on Monday, reaching $14.03. 1,791,681 shares of the company's stock traded hands, compared to its average volume of 1,995,695. The stock has a market cap of $2.94 billion, a PE ratio of 13.75 and a beta of 1.60. SITE Centers Corp. has a 12 month low of $10.88 and a 12 month high of $14.71. The stock has a 50-day simple moving average of $13.98 and a 200 day simple moving average of $13.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.54 and a quick ratio of 3.54.

SITE Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Tuesday, June 18th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Tuesday, June 18th. SITE Centers's payout ratio is presently 50.98%.

SITE Centers Company Profile

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.