SITE Centers Corp. (NYSE:SITC) Holdings Lifted by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL boosted its position in shares of SITE Centers Corp. (NYSE:SITCGet Rating) by 25.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 777,600 shares of the company’s stock after buying an additional 158,500 shares during the quarter. Virginia Retirement Systems ET AL owned 0.37% of SITE Centers worth $12,994,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of SITE Centers by 3.8% in the 4th quarter. State Street Corp now owns 9,569,342 shares of the company’s stock valued at $152,644,000 after purchasing an additional 352,947 shares during the period. Goldman Sachs Group Inc. lifted its stake in SITE Centers by 16.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 8,159,008 shares of the company’s stock worth $129,157,000 after acquiring an additional 1,126,689 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in SITE Centers by 10.3% in the 4th quarter. Nuveen Asset Management LLC now owns 4,944,238 shares of the company’s stock worth $78,267,000 after acquiring an additional 460,033 shares in the last quarter. Geode Capital Management LLC lifted its stake in SITE Centers by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,593,777 shares of the company’s stock worth $56,889,000 after acquiring an additional 50,351 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in SITE Centers by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,889,823 shares of the company’s stock worth $45,746,000 after acquiring an additional 74,646 shares in the last quarter. Institutional investors and hedge funds own 88.34% of the company’s stock.

In other news, CEO David R. Lukes sold 310,797 shares of SITE Centers stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $16.59, for a total transaction of $5,156,122.23. Following the sale, the chief executive officer now owns 1,164,513 shares of the company’s stock, valued at approximately $19,319,270.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.80% of the company’s stock.

Shares of SITC stock opened at $13.64 on Friday. The stock’s 50 day simple moving average is $14.67 and its 200 day simple moving average is $15.34. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.35 and a current ratio of 0.35. SITE Centers Corp. has a twelve month low of $12.40 and a twelve month high of $17.61. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 27.84 and a beta of 1.53.

SITE Centers (NYSE:SITCGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. SITE Centers had a return on equity of 6.61% and a net margin of 24.41%. The business had revenue of $131.10 million for the quarter, compared to the consensus estimate of $126.07 million. During the same period last year, the business earned $0.28 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, analysts forecast that SITE Centers Corp. will post 1.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Thursday, June 9th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Wednesday, June 8th. SITE Centers’s dividend payout ratio (DPR) is currently 106.12%.

Several equities research analysts recently issued reports on SITC shares. KeyCorp reduced their price objective on SITE Centers from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday. StockNews.com started coverage on SITE Centers in a research note on Thursday, March 31st. They set a “hold” rating for the company. Compass Point cut their price target on SITE Centers from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, June 22nd. Wells Fargo & Company raised their price target on SITE Centers from $16.50 to $18.50 and gave the stock an “overweight” rating in a research note on Thursday, April 7th. Finally, TheStreet downgraded SITE Centers from a “b-” rating to a “c+” rating in a research note on Monday, May 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.86.

SITE Centers Profile (Get Rating)

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. 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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Institutional Ownership by Quarter for SITE Centers (NYSE:SITC)

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