SITE Centers Corp. (NYSE:SITC – Get Free Report) Director Alexander Otto sold 228,042 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $14.11, for a total value of $3,217,672.62. Following the completion of the sale, the director now owns 17,268,286 shares of the company’s stock, valued at $243,655,515.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $14.50, for a total value 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 value of $2,745,158.12.
- On Tuesday, June 18th, Alexander Otto sold 82,984 shares of SITE Centers stock. The stock was sold at an average price of $14.40, for a total value of $1,194,969.60.
- 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 stock was sold at an average price of $14.56, for a total transaction of $1,336,287.68.
SITE Centers Trading Up 1.6 %
Shares of SITC opened at $14.32 on Friday. The business’s 50-day moving average price is $14.16 and its 200 day moving average price is $13.97. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $3.00 billion, a P/E ratio of 14.04 and a beta of 1.63. SITE Centers Corp. has a 1-year low of $10.88 and a 1-year high of $14.88.
SITE Centers Dividend Announcement
Hedge Funds Weigh In On SITE Centers
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SITC. Price T Rowe Associates Inc. MD raised its stake in SITE Centers by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 131,109 shares of the company’s stock valued at $1,921,000 after purchasing an additional 6,943 shares during the period. Long Pond Capital LP raised its position in SITE Centers by 403.8% during the first quarter. Long Pond Capital LP now owns 5,794,224 shares of the company’s stock valued at $84,885,000 after buying an additional 4,644,142 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in SITE Centers by 5.2% in the 1st 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 stake in SITE Centers in the 1st quarter worth about $147,000. Finally, ProShare Advisors LLC boosted its position in SITE Centers by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 38,210 shares of the company’s stock worth $560,000 after acquiring an additional 2,647 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Wells Fargo & Company raised their target price 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.38.
Check Out Our Latest Stock 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.
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