Public Employees Retirement System of Ohio Purchases 27,472 Shares of Site Centers Corp. $SITC

Public Employees Retirement System of Ohio boosted its position in Site Centers Corp. (NYSE:SITC) by 41.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,795 shares of the company’s stock after acquiring an additional 27,472 shares during the quarter. Public Employees Retirement System of Ohio owned 0.18% of Site Centers worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Site Centers by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,217 shares of the company’s stock valued at $362,000 after buying an additional 1,185 shares during the last quarter. Resona Asset Management Co. Ltd. grew its stake in shares of Site Centers by 7.8% during the first quarter. Resona Asset Management Co. Ltd. now owns 20,457 shares of the company’s stock valued at $259,000 after buying an additional 1,486 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Site Centers by 12.3% during the first quarter. American Century Companies Inc. now owns 13,864 shares of the company’s stock valued at $178,000 after buying an additional 1,516 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Site Centers by 275.2% during the second quarter. GAMMA Investing LLC now owns 2,405 shares of the company’s stock valued at $27,000 after buying an additional 1,764 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Site Centers by 61.7% during the first quarter. Covestor Ltd now owns 6,072 shares of the company’s stock valued at $78,000 after buying an additional 2,316 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Site Centers Stock Performance

Shares of SITC opened at $8.81 on Friday. 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 Corp. has a one year low of $8.57 and a one year high of $17.70. The company has a 50-day simple moving average of $10.31 and a two-hundred day simple moving average of $11.36. The firm has a market capitalization of $461.73 million, a PE ratio of 1.30 and a beta of 1.39.

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

Site Centers Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $3.25 dividend. The ex-dividend date was Tuesday, September 2nd.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SITC. LADENBURG THALM/SH SH began coverage on Site Centers in a research note on Tuesday, September 9th. They set a “neutral” rating and a $10.00 price objective on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Site Centers in a report on Saturday, September 27th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Site Centers in a report on Tuesday, July 8th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.30.

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.