GuruFocus - On June 11, 2024, Alexander Otto, Director of SITE Centers Corp (NYSE:SITC), executed a sale of 300,854 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 19,313,900 shares of SITE Centers Corp.
SITE Centers Corp is a real estate investment trust primarily engaged in the ownership, management, acquisition, development, and redevelopment of high-quality shopping centers located in densely populated areas.
Over the past year, Alexander Otto has sold a total of 300,854 shares and has not made any purchases of the company's stock. This recent transaction reflects the only insider sell activity for the company over the past year.
Shares of SITE Centers Corp were trading at $14.42 on the day of the transaction. The company has a market cap of approximately $3.06 billion. The price-earnings ratio of the stock stands at 14.32, which is below both the industry median of 16.585 and the companys historical median.
According to the GF Value, the intrinsic value of SITE Centers Corp is estimated at $12.99 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.11.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, providing insight into how insiders are viewing the stock's valuation at current levels.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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