Citadel Advisors LLC Raises Stock Holdings in SITE Centers Corp. (NASDAQ:SITC)

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Citadel Advisors LLC increased its stake in shares of SITE Centers Corp. (NASDAQ:SITC) by 257.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,677,011 shares of the company’s stock after purchasing an additional 1,208,067 shares during the quarter. Citadel Advisors LLC owned approximately 0.93% of SITE Centers worth $22,203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SITC. Dimensional Fund Advisors LP purchased a new stake in shares of SITE Centers during the 4th quarter worth $26,986,000. Janus Henderson Group PLC purchased a new stake in shares of SITE Centers during the 2nd quarter worth $12,491,000. FMR LLC lifted its stake in shares of SITE Centers by 10.2% during the 1st quarter. FMR LLC now owns 6,350,438 shares of the company’s stock worth $86,492,000 after purchasing an additional 589,325 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of SITE Centers during the 2nd quarter worth $4,742,000. Finally, Great Lakes Advisors LLC purchased a new stake in shares of SITE Centers during the 2nd quarter worth $4,727,000.

NASDAQ:SITC traded down $0.11 during mid-day trading on Friday, hitting $14.62. 1,114,881 shares of the company’s stock traded hands, compared to its average volume of 1,026,875. The company has a fifty day moving average of $14.04 and a 200 day moving average of $13.55. SITE Centers Corp. has a twelve month low of $10.71 and a twelve month high of $15.23.

SITE Centers (NASDAQ:SITC) last announced its earnings results on Monday, July 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.23). The company had revenue of $113.50 million during the quarter, compared to the consensus estimate of $113.12 million. The company’s revenue for the quarter was down 44.4% compared to the same quarter last year.

The firm also recently announced a — dividend, which will be paid on Tuesday, October 8th. Investors of record on Monday, September 23rd will be given a dividend of $0.20 per share. This represents a yield of 5.4%. The ex-dividend date of this dividend is Friday, September 20th.

SITC has been the subject of a number of analyst reports. Mizuho cut SITE Centers from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research note on Friday, September 13th. Compass Point assumed coverage on SITE Centers in a research report on Thursday, August 15th. They set a “neutral” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.00.

SITE Centers Company Profile

SITE 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 (NASDAQ:SITC)

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