SITE Centers Corp. (NYSE:SITC) EVP John M. Cattonar Sells 8,794 Shares

SITE Centers Corp. (NYSE:SITC) EVP John M. Cattonar sold 8,794 shares of SITE Centers stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $133,844.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

SITE Centers Price Performance

SITE Centers stock opened at $15.01 on Friday. The business has a 50 day simple moving average of $15.86 and a 200 day simple moving average of $101.39. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.55 and a quick ratio of 6.55. The company has a market capitalization of $786.97 million, a PE ratio of 1.10 and a beta of 1.61. SITE Centers Corp. has a one year low of $14.84 and a one year high of $64.44.

SITE Centers (NYSE:SITC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $6.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $5.20. The company had revenue of $89.43 million during the quarter, compared to analysts’ expectations of $104.55 million. SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. The business’s revenue was down 37.5% on a year-over-year basis. During the same period last year, the business earned $1.32 earnings per share. On average, sell-side analysts forecast that SITE Centers Corp. will post 3.36 EPS for the current fiscal year.

Analysts Set New Price Targets

SITC has been the topic of a number of research analyst reports. Wells Fargo & Company downgraded SITE Centers from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $68.00 to $19.00 in a report on Wednesday, October 2nd. Compass Point dropped their price target on shares of SITE Centers from $64.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Citigroup decreased their target price on SITE Centers from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Morgan Stanley boosted their target price on shares of SITE Centers from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, September 30th. Finally, StockNews.com assumed coverage on shares of SITE Centers in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.04.

Institutional Trading of SITE Centers

Several large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in shares of SITE Centers by 3,017.5% in the 2nd quarter. Bank of Montreal Can now owns 763,670 shares of the company’s stock worth $11,081,000 after acquiring an additional 739,174 shares in the last quarter. APG Asset Management US Inc. boosted its stake in SITE Centers by 145.0% in the second quarter. APG Asset Management US Inc. now owns 905,000 shares of the company’s stock worth $12,996,000 after purchasing an additional 535,550 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in shares of SITE Centers during the second quarter worth $3,089,000. Algert Global LLC grew its holdings in shares of SITE Centers by 65.0% during the second quarter. Algert Global LLC now owns 411,910 shares of the company’s stock worth $5,973,000 after purchasing an additional 162,260 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its stake in shares of SITE Centers by 13.3% in the second quarter. Peregrine Capital Management LLC now owns 488,993 shares of the company’s stock valued at $7,090,000 after buying an additional 57,281 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

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.