Hill Winds Capital LP Has $5.78 Million Stock Holdings in SITE Centers Corp. (NASDAQ:SITC)

Hill Winds Capital LP decreased its stake in SITE Centers Corp. (NASDAQ:SITC) by 17.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 412,000 shares of the company’s stock after selling 88,000 shares during the quarter. SITE Centers makes up about 3.9% of Hill Winds Capital LP’s investment portfolio, making the stock its 14th biggest position. Hill Winds Capital LP’s holdings in SITE Centers were worth $5,776,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Huntington National Bank acquired a new stake in shares of SITE Centers during the fourth quarter valued at about $26,000. Comerica Bank bought a new stake in shares of SITE Centers during the third quarter worth about $157,000. New York State Teachers Retirement System acquired a new position in shares of SITE Centers in the fourth quarter valued at approximately $174,000. Stratos Wealth Partners LTD. increased its stake in shares of SITE Centers by 37.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 15,440 shares of the company’s stock valued at $216,000 after buying an additional 4,198 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of SITE Centers by 13.4% in the fourth quarter. Principal Financial Group Inc. now owns 15,481 shares of the company’s stock valued at $217,000 after buying an additional 1,832 shares during the period.

Shares of NASDAQ SITC traded down $0.66 during midday trading on Thursday, reaching $11.59. The stock had a trading volume of 1,539,175 shares, compared to its average volume of 1,403,674. SITE Centers Corp. has a twelve month low of $11.58 and a twelve month high of $15.85. The company’s 50 day moving average price is $13.02 and its 200 day moving average price is $14.06.

SITE Centers (NASDAQ:SITC) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.23). The firm had revenue of $111.79 million for the quarter, compared to the consensus estimate of $111.53 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The business’s revenue was down 8.0% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 10th will be issued a $0.20 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.80 annualized dividend and a yield of 6.90%.

SITC has been the topic of several recent research reports. Stifel Nicolaus upgraded shares of SITE Centers from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday, November 21st. Evercore ISI initiated coverage on shares of SITE Centers in a research report on Friday, February 14th. They issued a “hold” rating and a $15.00 price target for the company. Morgan Stanley upgraded shares of SITE Centers from an “equal” rating to an “equal weight” rating and upped their price target for the company from $13.50 to $16.00 in a research report on Tuesday, December 17th. BidaskClub raised shares of SITE Centers from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Citigroup lifted their price target on shares of SITE Centers from $13.50 to $14.50 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $15.00.

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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