Healthcare of Ontario Pension Plan Trust Fund Lowers Position in SITE Centers Corp. (NYSE:SITC)

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of SITE Centers Corp. (NYSE:SITCGet Rating) by 82.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 298,907 shares of the company’s stock after selling 1,426,535 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.14% of SITE Centers worth $4,995,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SITC. Advisor Group Holdings Inc. raised its stake in SITE Centers by 122.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 30,362 shares of the company’s stock valued at $480,000 after purchasing an additional 16,715 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in SITE Centers by 214.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 177,973 shares of the company’s stock valued at $2,817,000 after purchasing an additional 121,315 shares in the last quarter. abrdn plc raised its stake in SITE Centers by 3.5% during the fourth quarter. abrdn plc now owns 922,866 shares of the company’s stock valued at $14,609,000 after purchasing an additional 30,875 shares in the last quarter. ProShare Advisors LLC raised its stake in SITE Centers by 61.8% during the fourth quarter. ProShare Advisors LLC now owns 43,527 shares of the company’s stock valued at $689,000 after purchasing an additional 16,632 shares in the last quarter. Finally, First Trust Advisors LP increased its position in SITE Centers by 54.8% during the fourth quarter. First Trust Advisors LP now owns 211,551 shares of the company’s stock valued at $3,349,000 after acquiring an additional 74,859 shares during the last quarter. Hedge funds and other institutional investors own 87.89% of the company’s stock.

SITE Centers Trading Down 1.1 %

NYSE SITC opened at $12.81 on Friday. The company’s 50-day moving average price is $13.93 and its 200-day moving average price is $14.96. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.97. The stock has a market cap of $2.74 billion, a PE ratio of 18.30 and a beta of 1.50. SITE Centers Corp. has a 12 month low of $12.40 and a 12 month high of $17.61.

Analyst Ratings Changes

A number of research firms have weighed in on SITC. Stifel Nicolaus cut their price objective on shares of SITE Centers from $18.00 to $16.00 in a research report on Thursday, July 28th. KeyCorp cut their price objective on shares of SITE Centers from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 28th. Compass Point cut their price objective on shares of SITE Centers from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 22nd. Morgan Stanley cut their price objective on shares of SITE Centers from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 15th. Finally, Jefferies Financial Group cut their price objective on shares of SITE Centers from $17.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, June 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.28.

About SITE Centers

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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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Institutional Ownership by Quarter for SITE Centers (NYSE:SITC)

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