Site Centers Corp. (NYSE:SITC) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Site Centers Corp. (NYSE:SITC - Get Free Report) have earned a consensus rating of "Hold" from the nine research firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $35.25.

Several research analysts have recently commented on the company. Wall Street Zen raised Site Centers from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Piper Sandler decreased their price objective on Site Centers from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Finally, Wells Fargo & Company decreased their price objective on Site Centers from $17.00 to $14.50 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th.

Institutional Trading of Site Centers

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd increased its stake in Site Centers by 483.2% in the 4th quarter. Covestor Ltd now owns 3,756 shares of the company's stock worth $57,000 after acquiring an additional 3,112 shares during the last quarter. AlphaQuest LLC increased its stake in Site Centers by 256.7% in the 1st quarter. AlphaQuest LLC now owns 4,848 shares of the company's stock worth $62,000 after acquiring an additional 3,489 shares during the last quarter. GAMMA Investing LLC increased its stake in Site Centers by 1,223.2% in the 1st quarter. GAMMA Investing LLC now owns 8,230 shares of the company's stock worth $106,000 after acquiring an additional 7,608 shares during the last quarter. Strs Ohio bought a new stake in Site Centers in the 1st quarter worth approximately $114,000. Finally, Van ECK Associates Corp increased its stake in Site Centers by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 8,996 shares of the company's stock worth $138,000 after acquiring an additional 833 shares during the last quarter. Institutional investors own 88.70% of the company's stock.

Site Centers Trading Up 0.8%

Shares of NYSE:SITC opened at $12.48 on Monday. The stock has a market capitalization of $654.19 million, a price-to-earnings ratio of 1.21 and a beta of 1.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The stock's 50-day simple moving average is $11.95 and its two-hundred day simple moving average is $13.40. Site Centers has a 52-week low of $10.46 and a 52-week high of $64.44.

Site Centers (NYSE:SITC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). Site Centers had a return on equity of 39.38% and a net margin of 201.78%. The company had revenue of $40.35 million during the quarter, compared to the consensus estimate of $33.50 million. During the same period last year, the business earned $0.28 EPS. The firm's quarterly revenue was down 66.6% compared to the same quarter last year. Analysts expect that Site Centers will post 3.24 EPS for the current year.

Site Centers Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $1.50 per share.

Site Centers Company Profile

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. 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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