Principal Financial Group Inc. reduced its position in SITE Centers Corp. (NYSE:SITC – Get Rating) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,129,469 shares of the company’s stock after selling 83,463 shares during the quarter. Principal Financial Group Inc. owned approximately 0.53% of SITE Centers worth $15,429,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of SITE Centers by 1.1% during the third quarter. Vanguard Group Inc. now owns 31,084,808 shares of the company’s stock worth $332,918,000 after buying an additional 344,501 shares during the period. State Street Corp increased its holdings in shares of SITE Centers by 1.4% during the third quarter. State Street Corp now owns 11,633,959 shares of the company’s stock valued at $126,055,000 after purchasing an additional 163,201 shares during the period. Cohen & Steers Inc. raised its stake in shares of SITE Centers by 6.7% in the 3rd quarter. Cohen & Steers Inc. now owns 11,130,562 shares of the company’s stock worth $119,195,000 after buying an additional 700,977 shares in the last quarter. PGGM Investments acquired a new stake in SITE Centers in the 3rd quarter valued at about $56,484,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of SITE Centers by 9.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,174,390 shares of the company’s stock worth $53,045,000 after purchasing an additional 284,567 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.
SITE Centers Stock Down 1.2 %
SITC stock opened at $11.99 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.95. The firm has a market cap of $2.51 billion, a PE ratio of 15.99 and a beta of 1.53. SITE Centers Corp. has a 1 year low of $10.42 and a 1 year high of $16.09. The company has a fifty day simple moving average of $11.91 and a 200 day simple moving average of $12.81.
SITE Centers Announces Dividend
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on SITC. StockNews.com initiated coverage on SITE Centers in a research note on Thursday, May 18th. They set a “hold” rating for the company. Wells Fargo & Company began coverage on SITE Centers in a report on Tuesday. They set an “equal weight” rating on the stock. Finally, Mizuho raised their target price on shares of SITE Centers from $13.00 to $14.00 in a report on Wednesday, March 1st. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.56.
SITE Centers Profile
SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company was founded in 1965 and is headquartered in Beachwood, OH.
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