Savant Capital LLC Buys Shares of 10,538 Site Centers Corp. $SITC

Savant Capital LLC purchased a new position in shares of Site Centers Corp. (NYSE:SITC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,538 shares of the company’s stock, valued at approximately $119,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Site Centers by 275.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,405 shares of the company’s stock worth $27,000 after buying an additional 1,764 shares during the period. AlphaQuest LLC increased its holdings in shares of Site Centers by 256.7% in the first quarter. AlphaQuest LLC now owns 4,848 shares of the company’s stock worth $62,000 after acquiring an additional 3,489 shares in the last quarter. Covestor Ltd raised its position in shares of Site Centers by 61.7% during the first quarter. Covestor Ltd now owns 6,072 shares of the company’s stock worth $78,000 after purchasing an additional 2,316 shares during the period. Strs Ohio bought a new position in shares of Site Centers during the 1st quarter valued at about $114,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Site Centers in the 2nd quarter valued at approximately $154,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Site Centers Stock Performance

Shares of SITC stock opened at $6.79 on Friday. Site Centers Corp. has a 12 month low of $6.78 and a 12 month high of $16.34. The company’s fifty day simple moving average is $8.25 and its 200-day simple moving average is $10.40. The firm has a market cap of $356.37 million, a PE ratio of 1.00 and a beta of 1.38. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.59.

Site Centers Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on SITC shares. Weiss Ratings reissued a “sell (d)” rating on shares of Site Centers in a research note on Wednesday. Piper Sandler dropped their price objective on shares of Site Centers from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Wall Street Zen cut shares of Site Centers from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, LADENBURG THALM/SH SH initiated coverage on Site Centers in a report on Tuesday, September 9th. They set a “neutral” rating and a $10.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.63.

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.