Robeco Institutional Asset Management B.V. Has $5.17 Million Position in Site Centers Corp. (NYSE:SITC)

Robeco Institutional Asset Management B.V. raised its holdings in shares of Site Centers Corp. (NYSE:SITC) by 13.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,405 shares of the company’s stock after purchasing an additional 49,190 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Site Centers were worth $5,167,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC increased its position in shares of Site Centers by 35.1% during the first quarter. CWA Asset Management Group LLC now owns 53,521 shares of the company’s stock worth $687,000 after acquiring an additional 13,905 shares in the last quarter. SG Americas Securities LLC lifted its position in Site Centers by 111.1% in the 1st quarter. SG Americas Securities LLC now owns 59,376 shares of the company’s stock valued at $762,000 after acquiring an additional 31,246 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Site Centers during the 1st quarter valued at about $465,000. GAMMA Investing LLC boosted its stake in Site Centers by 1,223.2% during the 1st quarter. GAMMA Investing LLC now owns 8,230 shares of the company’s stock valued at $106,000 after purchasing an additional 7,608 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Site Centers by 543.6% during the 4th quarter. Two Sigma Advisers LP now owns 73,053 shares of the company’s stock worth $1,117,000 after purchasing an additional 61,703 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Site Centers Price Performance

Shares of NYSE SITC opened at $11.35 on Tuesday. The company has a market capitalization of $595.19 million, a PE ratio of 1.10 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average price is $12.06 and its 200-day moving average price is $13.28. Site Centers Corp. has a twelve month low of $10.46 and a twelve month high of $64.44.

Site Centers (NYSE:SITC) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $40.35 million during the quarter, compared to analysts’ expectations of $33.50 million. Site Centers had a return on equity of 39.38% and a net margin of 201.78%. The firm’s revenue for the quarter was down 66.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. On average, equities analysts anticipate that Site Centers Corp. will post 3.24 EPS for the current year.

Site Centers Announces Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.50 dividend.

Analysts Set New Price Targets

Several analysts have recently commented on SITC shares. Wall Street Zen raised Site Centers from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Wells Fargo & Company lowered their price target on Site Centers from $17.00 to $14.50 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Site Centers has an average rating of “Hold” and an average target price of $35.25.

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.