88,330 Shares in Site Centers Corp. $SITC Bought by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of Site Centers Corp. (NYSE:SITC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 88,330 shares of the company’s stock, valued at approximately $999,000. XTX Topco Ltd owned approximately 0.17% of Site Centers at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Nuveen LLC purchased a new stake in shares of Site Centers in the 1st quarter worth approximately $6,360,000. Irenic Capital Management LP bought a new position in shares of Site Centers during the first quarter valued at $18,911,000. Conversant Capital LLC increased its holdings in shares of Site Centers by 506.4% during the first quarter. Conversant Capital LLC now owns 1,940,579 shares of the company’s stock valued at $24,917,000 after acquiring an additional 1,620,579 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Site Centers in the 1st quarter worth about $897,000. Finally, Invesco Ltd. increased its stake in Site Centers by 3.9% during the 1st quarter. Invesco Ltd. now owns 2,203,583 shares of the company’s stock valued at $28,294,000 after purchasing an additional 82,469 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.

Site Centers Price Performance

NYSE SITC opened at $7.36 on Monday. The business’s fifty day moving average price is $8.07 and its 200-day moving average price is $10.18. The stock has a market capitalization of $386.12 million, a price-to-earnings ratio of 1.09 and a beta of 1.38. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.74 and a quick ratio of 1.74. Site Centers Corp. has a 1-year low of $6.76 and a 1-year high of $15.93.

Site Centers Dividend Announcement

The company also recently announced a special dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, October 31st. Site Centers’s dividend payout ratio (DPR) is presently 92.86%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SITC. Weiss Ratings reiterated a “sell (d)” rating on shares of Site Centers in a research note on Tuesday, November 25th. LADENBURG THALM/SH SH assumed coverage on Site Centers in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $10.00 price objective on the stock. Piper Sandler reduced their target price on Site Centers from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Finally, Wall Street Zen downgraded Site Centers from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.63.

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.