SITE Centers Corp. (NYSE:SITC – Get Free Report) Director Alexander Otto sold 242,573 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $14.71, for a total transaction of $3,568,248.83. Following the completion of the transaction, the director now owns 19,071,327 shares of the company’s stock, valued at $280,539,220.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Alexander Otto also recently made the following trade(s):
- On Monday, June 10th, Alexander Otto sold 91,778 shares of SITE Centers stock. The stock was sold at an average price of $14.56, for a total value of $1,336,287.68.
SITE Centers Stock Down 1.0 %
SITC stock opened at $14.56 on Monday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 14.27 and a beta of 1.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 3.54 and a current ratio of 3.54. The business’s 50-day moving average is $14.05 and its two-hundred day moving average is $13.92. SITE Centers Corp. has a fifty-two week low of $10.88 and a fifty-two week high of $14.88.
SITE Centers Announces Dividend
Institutional Trading of SITE Centers
Hedge funds have recently bought and sold shares of the stock. Chilton Capital Management LLC increased its stake in shares of SITE Centers by 384.0% in the first quarter. Chilton Capital Management LLC now owns 1,936 shares of the company’s stock worth $28,000 after purchasing an additional 1,536 shares in the last quarter. GAMMA Investing LLC purchased a new stake in SITE Centers in the 4th quarter worth $30,000. Lindbrook Capital LLC raised its holdings in SITE Centers by 30.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,219 shares of the company’s stock valued at $71,000 after acquiring an additional 1,218 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in SITE Centers during the first quarter valued at about $147,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of SITE Centers in the fourth quarter worth about $159,000. Institutional investors own 88.70% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company boosted their target price 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 assigned a buy rating to the company. According to data from MarketBeat.com, SITE Centers currently has a consensus rating of “Hold” and an average price target of $14.38.
Read Our Latest Stock Analysis on SITE Centers
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.
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