SITE Centers Corp. (NYSE:SITC – Get Free Report) Director Alexander Otto sold 82,984 shares of SITE Centers stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $14.40, for a total transaction of $1,194,969.60. Following the completion of the sale, the director now directly owns 18,544,314 shares in the company, valued at approximately $267,038,121.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Alexander Otto also recently made the following trade(s):
- On Monday, June 24th, Alexander Otto sold 384,663 shares of SITE Centers stock. The shares were sold at an average price of $14.50, for a total transaction of $5,577,613.50.
- On Thursday, June 20th, Alexander Otto sold 191,167 shares of SITE Centers stock. The shares were sold at an average price of $14.36, for a total transaction of $2,745,158.12.
- On Wednesday, June 12th, Alexander Otto sold 242,573 shares of SITE Centers stock. The shares were sold at an average price of $14.71, for a total transaction of $3,568,248.83.
- On Monday, June 10th, Alexander Otto sold 91,778 shares of SITE Centers stock. The shares were sold at an average price of $14.56, for a total transaction of $1,336,287.68.
SITE Centers Stock Down 0.2 %
Shares of NYSE:SITC opened at $14.10 on Thursday. SITE Centers Corp. has a 52-week low of $10.88 and a 52-week high of $14.88. The firm has a fifty day moving average of $14.14 and a 200 day moving average of $13.96. The firm has a market capitalization of $2.95 billion, a PE ratio of 13.82 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.
SITE Centers Announces Dividend
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in SITE Centers by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 131,109 shares of the company’s stock worth $1,921,000 after acquiring an additional 6,943 shares in the last quarter. Long Pond Capital LP grew its position in SITE Centers by 403.8% in the first quarter. Long Pond Capital LP now owns 5,794,224 shares of the company’s stock worth $84,885,000 after acquiring an additional 4,644,142 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in SITE Centers by 5.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 447,965 shares of the company’s stock worth $6,556,000 after acquiring an additional 22,008 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in SITE Centers in the first quarter worth $147,000. Finally, ProShare Advisors LLC boosted its position in SITE Centers by 7.4% during the first quarter. ProShare Advisors LLC now owns 38,210 shares of the company’s stock valued at $560,000 after buying an additional 2,647 shares during the period. 88.70% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Wells Fargo & Company upped their price target on shares of SITE Centers from $15.50 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.38.
Get Our Latest Research Report 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.
Featured Articles
- Five stocks we like better than SITE Centers
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- How to Use High Beta Stocks to Maximize Your Investing Profits
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- Airline Stocks – Top Airline Stocks to Buy Now
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for SITE Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SITE Centers and related companies with MarketBeat.com's FREE daily email newsletter.