Xact Kapitalforvaltning AB purchased a new position in shares of SITE Centers Corp. (NASDAQ:SITC) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 34,580 shares of the company’s stock, valued at approximately $471,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its stake in shares of SITE Centers by 0.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 121,406 shares of the company’s stock worth $1,653,000 after purchasing an additional 917 shares in the last quarter. Cedar Brook Financial Partners LLC raised its stake in shares of SITE Centers by 4.0% during the 1st quarter. Cedar Brook Financial Partners LLC now owns 40,117 shares of the company’s stock worth $546,000 after purchasing an additional 1,531 shares in the last quarter. Arrow Investment Advisors LLC raised its stake in shares of SITE Centers by 6.1% during the 1st quarter. Arrow Investment Advisors LLC now owns 33,427 shares of the company’s stock worth $455,000 after purchasing an additional 1,931 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of SITE Centers by 8.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,200 shares of the company’s stock worth $370,000 after purchasing an additional 2,162 shares in the last quarter. Finally, American International Group Inc. purchased a new stake in shares of SITE Centers during the 4th quarter worth about $31,000.
Shares of SITC stock traded up $0.01 during trading on Friday, reaching $13.41. The company had a trading volume of 19,300 shares, compared to its average volume of 984,057. SITE Centers Corp. has a one year low of $10.71 and a one year high of $15.07.
SITE Centers (NASDAQ:SITC) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. The company had revenue of $113.69 million during the quarter, compared to the consensus estimate of $117.95 million. During the same period in the previous year, the business posted $0.53 earnings per share. The firm’s revenue was down 45.1% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Wednesday, June 12th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend is Tuesday, June 11th.
Separately, TheStreet raised SITE Centers from a “d+” rating to a “c-” rating in a research note on Thursday, February 21st.
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SITE Centers 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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