Victory Capital Management Inc. Has $768,000 Position in SITE Centers Corp. (NYSE:SITC)

Victory Capital Management Inc. lessened its holdings in SITE Centers Corp. (NYSE:SITC) by 89.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,203 shares of the company’s stock after selling 426,251 shares during the quarter. Victory Capital Management Inc. owned 0.10% of SITE Centers worth $768,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Graham Capital Wealth Management LLC bought a new stake in SITE Centers during the fourth quarter worth about $2,226,000. Advisors Preferred LLC bought a new stake in SITE Centers during the fourth quarter worth about $2,517,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in SITE Centers by 19.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,157 shares of the company’s stock worth $19,612,000 after purchasing an additional 53,412 shares during the period. Factorial Partners LLC bought a new stake in SITE Centers during the fourth quarter worth about $1,682,000. Finally, CWA Asset Management Group LLC bought a new stake in SITE Centers during the fourth quarter worth about $606,000. Institutional investors own 88.70% of the company’s stock.

SITE Centers Trading Down 0.0 %

Shares of SITC opened at $12.80 on Friday. The business’s 50-day moving average price is $14.35 and its 200-day moving average price is $21.36. SITE Centers Corp. has a twelve month low of $12.58 and a twelve month high of $64.44. The stock has a market cap of $670.84 million, a PE ratio of 0.94 and a beta of 1.63. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.12.

SITE Centers (NYSE:SITC) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. The business had revenue of $32.87 million for the quarter, compared to analysts’ expectations of $43.58 million. On average, equities analysts forecast that SITE Centers Corp. will post 3.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SITC shares. Citigroup dropped their target price on shares of SITE Centers from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Wells Fargo & Company dropped their target price on shares of SITE Centers from $17.50 to $17.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Piper Sandler dropped their target price on shares of SITE Centers from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, StockNews.com cut shares of SITE Centers from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.61.

Insiders Place Their Bets

In other news, EVP John M. Cattonar sold 8,794 shares of the 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.10% of the stock is owned by insiders.

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.