SITE Centers Corp. (NYSE:SITC – Get Free Report) Director Alexander Otto sold 357,568 shares of SITE Centers stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $14.39, for a total value of $5,145,403.52. Following the transaction, the director now directly owns 16,582,983 shares in the company, valued at $238,629,125.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Alexander Otto also recently made the following trade(s):
- On Wednesday, June 26th, Alexander Otto sold 228,042 shares of SITE Centers stock. The shares were sold at an average price of $14.11, for a total transaction of $3,217,672.62.
- On Monday, June 24th, Alexander Otto sold 384,663 shares of SITE Centers stock. The stock was sold at an average price of $14.50, for a total transaction of $5,577,613.50.
- On Thursday, June 20th, Alexander Otto sold 191,167 shares of SITE Centers stock. The stock was sold at an average price of $14.36, for a total transaction of $2,745,158.12.
- On Tuesday, June 18th, Alexander Otto sold 82,984 shares of SITE Centers stock. The stock was sold at an average price of $14.40, for a total transaction of $1,194,969.60.
- On Wednesday, June 12th, Alexander Otto sold 242,573 shares of SITE Centers stock. The shares were sold at an average price of $14.71, for a total transaction of $3,568,248.83.
- On Monday, June 10th, Alexander Otto sold 91,778 shares of SITE Centers stock. The shares were sold at an average price of $14.56, for a total value of $1,336,287.68.
SITE Centers Trading Up 0.2 %
SITC opened at $14.49 on Thursday. The company has a fifty day moving average price of $14.21 and a two-hundred day moving average price of $13.98. SITE Centers Corp. has a 1-year low of $10.88 and a 1-year high of $14.88. The company has a market cap of $3.04 billion, a P/E ratio of 14.20 and a beta of 1.64. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 0.80.
SITE Centers Dividend Announcement
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of SITE Centers during the fourth quarter worth approximately $34,740,000. Dynamic Technology Lab Private Ltd acquired a new position in SITE Centers during the fourth quarter worth $792,000. Invesco Ltd. grew its holdings in shares of SITE Centers by 36.0% during the third quarter. Invesco Ltd. now owns 781,459 shares of the company’s stock valued at $9,635,000 after buying an additional 206,827 shares during the last quarter. Vanguard Group Inc. increased its position in shares of SITE Centers by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 30,339,767 shares of the company’s stock worth $413,531,000 after acquiring an additional 608,996 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of SITE Centers by 3.5% in the 4th quarter. Assetmark Inc. now owns 86,650 shares of the company’s stock worth $1,181,000 after acquiring an additional 2,958 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.
Analysts Set New Price Targets
Separately, Wells Fargo & Company raised their target price on SITE Centers from $15.50 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, SITE Centers presently has a consensus rating of “Hold” and a consensus price target of $14.38.
View Our Latest Research Report on SITE Centers
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.
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