Natixis Advisors LLC Has $1.19 Million Holdings in SITE Centers Corp. (NYSE:SITC)

Natixis Advisors LLC trimmed its position in shares of SITE Centers Corp. (NYSE:SITC) by 74.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,703 shares of the company’s stock after selling 58,184 shares during the quarter. Natixis Advisors LLC’s holdings in SITE Centers were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SITC. O Shaughnessy Asset Management LLC acquired a new stake in SITE Centers in the first quarter worth about $147,000. Price T Rowe Associates Inc. MD grew its position in shares of SITE Centers by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 131,109 shares of the company’s stock worth $1,921,000 after buying an additional 6,943 shares during the period. Diversified Trust Co bought a new stake in shares of SITE Centers during the second quarter worth approximately $152,000. Vanderbilt University lifted its holdings in SITE Centers by 10.0% in the second quarter. Vanderbilt University now owns 12,378 shares of the company’s stock valued at $179,000 after buying an additional 1,126 shares during the period. Finally, TCW Group Inc. boosted its stake in SITE Centers by 91.6% in the second quarter. TCW Group Inc. now owns 214,796 shares of the company’s stock valued at $3,115,000 after acquiring an additional 102,673 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler cut their price target on SITE Centers from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Evercore ISI upgraded SITE Centers to a “hold” rating in a report on Wednesday, July 31st. Compass Point reduced their target price on SITE Centers from $64.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. StockNews.com began coverage on SITE Centers in a research note on Tuesday. They issued a “buy” rating for the company. Finally, Wells Fargo & Company lowered shares of SITE Centers from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $68.00 to $19.00 in a research note on Wednesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $58.89.

SITE Centers Trading Down 1.1 %

NYSE:SITC opened at $15.83 on Wednesday. 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 Corp. has a twelve month low of $15.43 and a twelve month high of $64.44. The company has a market cap of $829.97 million, a P/E ratio of 1.16 and a beta of 1.62. The business has a 50 day moving average price of $24.26 and a two-hundred day moving average price of $134.14.

SITE Centers (NYSE:SITC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $6.07 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $5.20. The company had revenue of $89.43 million during the quarter, compared to the consensus estimate of $104.55 million. SITE Centers had a net margin of 164.10% and a return on equity of 34.20%. The company’s quarterly revenue was down 37.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.32 EPS. As a group, analysts expect that SITE Centers Corp. will post 2.9 EPS for the current fiscal year.

SITE Centers Company 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.