Cerity Partners LLC acquired a new position in SITE Centers Corp. (NYSE:SITC – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,171 shares of the company’s stock, valued at approximately $792,000.
Several other institutional investors also recently modified their holdings of the stock. Arizona State Retirement System increased its position in shares of SITE Centers by 2.0% in the first quarter. Arizona State Retirement System now owns 55,418 shares of the company’s stock worth $681,000 after purchasing an additional 1,060 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in SITE Centers by 9.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 13,577 shares of the company’s stock worth $167,000 after buying an additional 1,218 shares in the last quarter. Creative Planning boosted its stake in SITE Centers by 6.1% in the second quarter. Creative Planning now owns 23,567 shares of the company’s stock worth $317,000 after buying an additional 1,361 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in SITE Centers by 2.8% in the fourth quarter. Vident Investment Advisory LLC now owns 53,674 shares of the company’s stock worth $733,000 after buying an additional 1,449 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in SITE Centers by 1.2% in the fourth quarter. Teacher Retirement System of Texas now owns 125,503 shares of the company’s stock worth $1,714,000 after buying an additional 1,460 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.
Insider Activity at SITE Centers
In other SITE Centers news, CFO Conor Fennerty sold 12,000 shares of the company’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $13.26, for a total value of $159,120.00. Following the completion of the sale, the chief financial officer now directly owns 97,364 shares in the company, valued at approximately $1,291,046.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.90% of the stock is owned by company insiders.
Analyst Ratings Changes
Read Our Latest Analysis on SITE Centers
SITE Centers Stock Performance
NYSE:SITC opened at $13.40 on Monday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 27.35 and a beta of 1.57. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.43 and a quick ratio of 0.43. The stock’s 50 day simple moving average is $13.60 and its two-hundred day simple moving average is $12.79. SITE Centers Corp. has a 1 year low of $10.42 and a 1 year high of $14.63.
SITE Centers (NYSE:SITC – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.27). SITE Centers had a net margin of 21.07% and a return on equity of 6.07%. The business had revenue of $136.00 million for the quarter, compared to analysts’ expectations of $136.16 million. During the same quarter in the previous year, the firm earned $0.31 EPS. SITE Centers’s revenue was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that SITE Centers Corp. will post 1.15 earnings per share for the current fiscal year.
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.
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