SITE Centers Corp. (NYSE:SITC) Shares Purchased by Chilton Capital Management LLC

Chilton Capital Management LLC increased its position in shares of SITE Centers Corp. (NYSE:SITC) by 384.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,936 shares of the company’s stock after acquiring an additional 1,536 shares during the period. Chilton Capital Management LLC’s holdings in SITE Centers were worth $28,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund Corp boosted its position in shares of SITE Centers by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 157,546 shares of the company’s stock valued at $2,308,000 after purchasing an additional 2,109 shares during the period. BNP Paribas Financial Markets boosted its position in shares of SITE Centers by 21.4% in the 1st quarter. BNP Paribas Financial Markets now owns 96,225 shares of the company’s stock valued at $1,410,000 after purchasing an additional 16,969 shares during the period. Principal Financial Group Inc. boosted its position in shares of SITE Centers by 13.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,066,843 shares of the company’s stock valued at $15,629,000 after purchasing an additional 127,278 shares during the period. Pensionfund Sabic boosted its position in shares of SITE Centers by 100.0% in the 1st quarter. Pensionfund Sabic now owns 20,000 shares of the company’s stock valued at $293,000 after purchasing an additional 10,000 shares during the period. Finally, Pensionfund DSM Netherlands boosted its position in shares of SITE Centers by 50.0% in the 1st quarter. Pensionfund DSM Netherlands now owns 30,000 shares of the company’s stock valued at $440,000 after purchasing an additional 10,000 shares during the period. 88.70% of the stock is owned by institutional investors and hedge funds.

SITE Centers Stock Performance

Shares of NYSE SITC traded down $0.19 during trading hours on Monday, reaching $15.04. The stock had a trading volume of 1,506,625 shares, compared to its average volume of 1,879,367. The business’s fifty day moving average is $14.35 and its two-hundred day moving average is $14.03. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.54 and a quick ratio of 3.54. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 14.80 and a beta of 1.64. SITE Centers Corp. has a twelve month low of $10.88 and a twelve month high of $15.35.

SITE Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Tuesday, June 18th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Tuesday, June 18th. SITE Centers’s payout ratio is presently 50.98%.

Insider Transactions at SITE Centers

In other news, Director Alexander Otto sold 91,778 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $14.56, for a total transaction of $1,336,287.68. Following the sale, the director now owns 19,522,976 shares in the company, valued at $284,254,530.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 1,578,775 shares of company stock worth $22,785,354. Insiders own 10.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their price objective on SITE Centers from $15.50 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.38.

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.