Swiss National Bank raised its position in SITE Centers Corp. (NYSE:SITC) by 0.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 353,200 shares of the company’s stock after acquiring an additional 3,000 shares during the period. Swiss National Bank’s holdings in SITE Centers were worth $4,789,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of SITC. Comerica Bank boosted its holdings in SITE Centers by 0.9% in the 4th quarter. Comerica Bank now owns 158,372 shares of the company’s stock valued at $1,801,000 after purchasing an additional 1,338 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of SITE Centers by 73.4% in the 4th quarter. First Trust Advisors LP now owns 315,851 shares of the company’s stock worth $3,196,000 after acquiring an additional 133,672 shares during the last quarter. Bailard Inc. acquired a new position in shares of SITE Centers in the 4th quarter worth approximately $323,000. CIBC Asset Management Inc lifted its holdings in shares of SITE Centers by 17.0% in the 4th quarter. CIBC Asset Management Inc now owns 20,872 shares of the company’s stock worth $211,000 after acquiring an additional 3,036 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its holdings in shares of SITE Centers by 44.9% in the 4th quarter. State of Wisconsin Investment Board now owns 76,905 shares of the company’s stock worth $778,000 after acquiring an additional 23,845 shares during the last quarter. Institutional investors own 79.56% of the company’s stock.
In other news, Director Terrance R. Ahern sold 65,907 shares of the firm’s stock in a transaction on Thursday, May 6th. The shares were sold at an average price of $14.55, for a total value of $958,946.85. Following the completion of the sale, the director now owns 273,211 shares in the company, valued at approximately $3,975,220.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexander Otto sold 8,500,000 shares of the firm’s stock in a transaction on Monday, April 26th. The stock was sold at an average price of $14.44, for a total transaction of $122,740,000.00. Following the completion of the sale, the director now owns 21,689,950 shares of the company’s stock, valued at approximately $313,202,878. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,644,624 shares of company stock valued at $124,853,641. 20.30% of the stock is owned by company insiders.
Shares of NYSE:SITC opened at $15.71 on Friday. SITE Centers Corp. has a 52 week low of $6.59 and a 52 week high of $15.90. The firm has a 50 day moving average price of $14.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $3.32 billion, a P/E ratio of -785.50 and a beta of 1.73.
SITE Centers (NYSE:SITC) last announced its quarterly earnings data on Wednesday, April 21st. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.18). The firm had revenue of $119.90 million during the quarter, compared to analysts’ expectations of $110.13 million. SITE Centers had a net margin of 4.12% and a return on equity of 1.07%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. As a group, research analysts expect that SITE Centers Corp. will post 1.02 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 2nd. Investors of record on Thursday, June 10th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 9th. This represents a $0.48 dividend on an annualized basis and a yield of 3.06%. This is a boost from SITE Centers’s previous quarterly dividend of $0.11. SITE Centers’s dividend payout ratio is currently 44.44%.
SITE Centers Profile
SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. 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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