Rhumbline Advisers Has $1.88 Million Stock Holdings in Site Centers Corp. $SITC

Rhumbline Advisers decreased its position in shares of Site Centers Corp. (NYSE:SITC) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,718 shares of the company’s stock after selling 6,616 shares during the period. Rhumbline Advisers owned about 0.28% of Site Centers worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SITC. AlphaQuest LLC boosted its position in shares of Site Centers by 256.7% during the 1st quarter. AlphaQuest LLC now owns 4,848 shares of the company’s stock worth $62,000 after acquiring an additional 3,489 shares in the last quarter. Covestor Ltd lifted its stake in Site Centers by 61.7% in the 1st quarter. Covestor Ltd now owns 6,072 shares of the company’s stock valued at $78,000 after purchasing an additional 2,316 shares during the last quarter. GAMMA Investing LLC lifted its stake in Site Centers by 1,223.2% in the 1st quarter. GAMMA Investing LLC now owns 8,230 shares of the company’s stock valued at $106,000 after purchasing an additional 7,608 shares during the last quarter. Strs Ohio bought a new position in Site Centers in the 1st quarter valued at approximately $114,000. Finally, American Century Companies Inc. lifted its stake in Site Centers by 12.3% in the 1st quarter. American Century Companies Inc. now owns 13,864 shares of the company’s stock valued at $178,000 after purchasing an additional 1,516 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Piper Sandler reissued an “overweight” rating on shares of Site Centers in a research note on Tuesday, July 8th. Wall Street Zen raised shares of Site Centers from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Site Centers in a research note on Tuesday, September 9th. They set a “neutral” rating and a $10.00 price target for the company. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Site Centers currently has a consensus rating of “Hold” and a consensus target price of $28.39.

Site Centers Stock Down 1.0%

Shares of NYSE SITC opened at $8.64 on Thursday. The stock has a market capitalization of $453.08 million, a P/E ratio of 1.28 and a beta of 1.40. The company has a 50-day moving average price of $10.88 and a 200-day moving average price of $11.71. Site Centers Corp. has a 1 year low of $8.60 and a 1 year high of $30.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.74 and a quick ratio of 1.74.

Site Centers (NYSE:SITC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $30.66 million during the quarter, compared to analysts’ expectations of $33.10 million. Site Centers had a net margin of 189.28% and a return on equity of 36.67%. The business’s revenue was down 63.8% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. On average, equities research analysts forecast that Site Centers Corp. will post 3.24 EPS for the current fiscal year.

Site Centers Announces Dividend

The company also recently declared a special dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $3.25 per share. The ex-dividend date was Tuesday, September 2nd.

Site Centers 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.