Caxton Associates LLP Sells 219,046 Shares of Site Centers Corp. $SITC

Caxton Associates LLP cut its stake in shares of Site Centers Corp. (NYSE:SITC) by 55.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,254 shares of the company’s stock after selling 219,046 shares during the quarter. Caxton Associates LLP owned 0.33% of Site Centers worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SITC. Daiwa Securities Group Inc. boosted its position in Site Centers by 7.0% in the second quarter. Daiwa Securities Group Inc. now owns 16,778 shares of the company’s stock valued at $190,000 after buying an additional 1,092 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Site Centers by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,217 shares of the company’s stock valued at $362,000 after acquiring an additional 1,185 shares in the last quarter. State of Tennessee Department of Treasury grew its position in Site Centers by 6.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 20,253 shares of the company’s stock worth $229,000 after acquiring an additional 1,274 shares during the last quarter. Resona Asset Management Co. Ltd. grew its position in Site Centers by 7.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 20,457 shares of the company’s stock worth $259,000 after acquiring an additional 1,486 shares during the last quarter. Finally, Creative Planning increased its holdings in Site Centers by 8.8% in the 2nd quarter. Creative Planning now owns 18,472 shares of the company’s stock worth $209,000 after purchasing an additional 1,495 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SITC has been the topic of several research reports. Wall Street Zen cut Site Centers from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Piper Sandler cut their target price on shares of Site Centers from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Site Centers in a report on Monday, December 8th. Finally, LADENBURG THALM/SH SH began 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. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.50.

Site Centers Price Performance

Site Centers stock opened at $7.32 on Monday. The stock’s 50 day moving average is $7.76 and its 200 day moving average is $9.84. Site Centers Corp. has a one year low of $6.76 and a one year high of $15.93. The firm has a market cap of $383.74 million, a P/E ratio of 13.06 and a beta of 1.09. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 1.59.

Site Centers Dividend Announcement

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 is Monday, December 15th.

About Site Centers

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.