SITE Centers: Insider Decision: David Lukes Offloads $4.69M Worth Of SITE Centers Stock

Revealing a significant insider sell on December 12, David Lukes, President & CEO at SITE Centers (NYSE:SITC), as per the latest SEC filing.What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday outlined that Lukes executed a sale of 304,903 shares of SITE Centers with a total value of $4,688,948.SITE Centers shares are trading down 1.09% at $15.41 at the time of this writing on Friday morning.Get to Know SITE Centers BetterSITE Centers Corp is a United States-based self-administered and self-managed REIT that operates as a fully integrated real estate company. The company is engaged in the business of owning, leasing, acquiring, redeveloping, developing and managing shopping centers.SITE Centers's Financial PerformanceNegative Revenue Trend: Examining SITE Centers's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -37.3% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.Profitability Metrics: Unlocking ValueGross Margin: The company shows a low gross margin of ...Full story available on Benzinga.com