Green Street Investors LLC lessened its stake in SITE Centers Corp. (NASDAQ:SITC) by 10.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,300 shares of the company’s stock after selling 26,100 shares during the quarter. SITE Centers comprises about 1.9% of Green Street Investors LLC’s investment portfolio, making the stock its 22nd largest holding. Green Street Investors LLC owned about 0.12% of SITE Centers worth $2,917,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Machina Capital S.A.S. bought a new stake in SITE Centers in the second quarter valued at about $74,000. NumerixS Investment Technologies Inc bought a new stake in shares of SITE Centers in the first quarter worth about $108,000. Chicago Equity Partners LLC bought a new stake in shares of SITE Centers in the second quarter worth about $132,000. Weiss Asset Management LP bought a new stake in shares of SITE Centers in the first quarter worth about $174,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of SITE Centers by 10.9% in the second quarter. Envestnet Asset Management Inc. now owns 24,046 shares of the company’s stock worth $318,000 after acquiring an additional 2,358 shares in the last quarter.
Separately, Compass Point began coverage on SITE Centers in a report on Thursday, August 15th. They issued a “neutral” rating and a $14.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. SITE Centers has an average rating of “Hold” and a consensus target price of $14.00.
SITE Centers (NASDAQ:SITC) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.23). The business had revenue of $113.50 million during the quarter, compared to the consensus estimate of $113.12 million. The firm’s quarterly revenue was down 44.4% compared to the same quarter last year.
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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