Fisher Asset Management LLC Sells 182,310 Shares of Site Centers Corp. $SITC

Fisher Asset Management LLC lessened its holdings in shares of Site Centers Corp. (NYSE:SITC) by 62.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 110,813 shares of the company’s stock after selling 182,310 shares during the period. Fisher Asset Management LLC owned 0.21% of Site Centers worth $1,253,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions 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 worth $362,000 after purchasing an additional 1,185 shares during the period. Resona Asset Management Co. Ltd. boosted its holdings in Site Centers by 7.8% during the first quarter. Resona Asset Management Co. Ltd. now owns 20,457 shares of the company’s stock worth $259,000 after buying an additional 1,486 shares during the last quarter. Creative Planning grew its position in shares of Site Centers by 8.8% during the 2nd quarter. Creative Planning now owns 18,472 shares of the company’s stock worth $209,000 after buying an additional 1,495 shares during the period. American Century Companies Inc. increased its stake in shares of 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 acquiring an additional 1,516 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Site Centers by 275.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,405 shares of the company’s stock valued at $27,000 after acquiring an additional 1,764 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SITC shares. Wall Street Zen cut shares of Site Centers from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Piper Sandler decreased their price target on shares of Site Centers from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Weiss Ratings restated a “sell (d)” rating on shares of Site Centers in a research report on Monday. Finally, LADENBURG THALM/SH SH began coverage on Site Centers in a report on Tuesday, September 9th. They set a “neutral” rating and a $10.00 target price on the stock. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.63.

Site Centers Stock Up 1.0%

Shares of SITC stock opened at $7.30 on Friday. Site Centers Corp. has a 12-month low of $6.76 and a 12-month high of $15.93. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average of $7.92 and a 200-day moving average of $10.03. The company has a market capitalization of $382.70 million, a price-to-earnings ratio of 13.03 and a beta of 1.09.

Site Centers Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, December 15th.

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.