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NYSE:SITC

SITE Centers - SITC Stock Forecast, Price & News

$13.29
+0.01 (+0.08%)
(As of 12/9/2022 02:45 PM ET)
Add
Compare
Today's Range
$13.14
$13.33
50-Day Range
$10.69
$13.59
52-Week Range
$10.42
$17.22
Volume
70,385 shs
Average Volume
1.39 million shs
Market Capitalization
$2.82 billion
P/E Ratio
15.10
Dividend Yield
3.90%
Price Target
$14.95

SITE Centers MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
12.4% Upside
$14.95 Price Target
Short Interest
Bearish
4.75% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.23mentions of SITE Centers in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.85%
From $1.17 to $1.16 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Finance Sector

621st out of 862 stocks

Real Estate Investment Trusts Industry

138th out of 191 stocks

SITC stock logo

About SITE Centers (NYSE:SITC) Stock

SITE Centers 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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SITC Stock News Headlines

What 4 Analyst Ratings Have To Say About SITE Centers
SITE Centers (SITC) Q3 OFFO & Revenues Beat, View Up
SITE Centers Reports Third Quarter 2022 Operating Results
Preview: SITE Centers's Earnings
Oversold Conditions For SITE Centers (SITC)
See More Headlines
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SITC Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 10/7 Dividend
9/19/2022
Dividend Payable
10/07/2022
Ex-Dividend for 1/6 Dividend
12/08/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/06/2023
Next Earnings (Estimated)
2/08/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Employees
293
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.95
High Stock Price Forecast
$18.50
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+12.5%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$124.93 million
Pretax Margin
38.01%

Debt

Sales & Book Value

Annual Sales
$492.34 million
Cash Flow
$1.49 per share
Book Value
$8.84 per share

Miscellaneous

Free Float
169,372,000
Market Cap
$2.82 billion
Optionable
Optionable
Beta
1.57

Key Executives

  • Mr. David R. Lukes (Age 52)
    Pres, CEO & Director
    Comp: $3.19M
  • Mr. Conor M. FennertyMr. Conor M. Fennerty (Age 36)
    Exec. VP, CFO & Treasurer
    Comp: $1.13M
  • Mr. John M. Cattonar (Age 40)
    Exec. VP & Chief Investment Officer
    Comp: $873.5k
  • Ms. Christa A. Vesy CPAMs. Christa A. Vesy CPA (Age 51)
    Exec. VP & Chief Accounting Officer
    Comp: $914.99k
  • Monica Kukreja
    Capital Markets & Investor Relations
  • Mr. Aaron M. Kitlowski J.D. (Age 49)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Ms. Kim M. Scharf
    Sr. VP of Information Technology
  • Mr. Jeff Scott
    Sr. VP of Property Reporting
  • Mr. Robert Siebenschuh
    Sr. VP of Property Accounting Operations
  • Mr. Joseph E. Chura
    Sr. VP of Property Operations













SITC Stock - Frequently Asked Questions

Should I buy or sell SITE Centers stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SITE Centers in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SITC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SITC, but not buy additional shares or sell existing shares.
View SITC analyst ratings
or view top-rated stocks.

What is SITE Centers' stock price forecast for 2023?

9 Wall Street analysts have issued 12 month target prices for SITE Centers' shares. Their SITC share price forecasts range from $13.00 to $18.50. On average, they anticipate the company's stock price to reach $14.95 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price.
View analysts price targets for SITC
or view top-rated stocks among Wall Street analysts.

How have SITC shares performed in 2022?

SITE Centers' stock was trading at $15.83 on January 1st, 2022. Since then, SITC stock has decreased by 16.1% and is now trading at $13.28.
View the best growth stocks for 2022 here
.

Are investors shorting SITE Centers?

SITE Centers saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 9,070,000 shares, an increase of 23.4% from the October 15th total of 7,350,000 shares. Based on an average trading volume of 1,770,000 shares, the short-interest ratio is currently 5.1 days. Approximately 4.9% of the company's stock are sold short.
View SITE Centers' Short Interest
.

When is SITE Centers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our SITC earnings forecast
.

How were SITE Centers' earnings last quarter?

SITE Centers Corp. (NYSE:SITC) announced its quarterly earnings data on Tuesday, April, 26th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm earned $131.10 million during the quarter, compared to analysts' expectations of $126.07 million. SITE Centers had a net margin of 37.72% and a trailing twelve-month return on equity of 10.49%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 earnings per share.

How often does SITE Centers pay dividends? What is the dividend yield for SITE Centers?

SITE Centers announced a quarterly dividend on Tuesday, November 1st. Shareholders of record on Friday, December 9th will be given a dividend of $0.13 per share on Friday, January 6th. This represents a $0.52 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, December 8th.
Read our dividend analysis for SITC
.

Is SITE Centers a good dividend stock?

SITE Centers (NYSE:SITC) pays an annual dividend of $0.52 per share and currently has a dividend yield of 3.90%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 59.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SITC will have a dividend payout ratio of 44.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SITC.

What guidance has SITE Centers issued on next quarter's earnings?

SITE Centers issued an update on its FY 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of $1.15-$1.16 for the period. The company issued revenue guidance of -.

What is SITE Centers' stock symbol?

SITE Centers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SITC."

Who are SITE Centers' major shareholders?

SITE Centers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (14.63%), BlackRock Inc. (14.08%), State Street Corp (5.47%), Cohen & Steers Inc. (5.24%), PGGM Investments (2.48%) and Nuveen Asset Management LLC (1.91%). Insiders that own company stock include Alexander Otto, Christa A Vesy, Conor Fennerty, David R Lukes, Dawn M Sweeney, Michael Makinen and Terrance R Ahern.
View institutional ownership trends
.

How do I buy shares of SITE Centers?

Shares of SITC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SITE Centers' stock price today?

One share of SITC stock can currently be purchased for approximately $13.28.

How much money does SITE Centers make?

SITE Centers (NYSE:SITC) has a market capitalization of $2.82 billion and generates $492.34 million in revenue each year. The company earns $124.93 million in net income (profit) each year or $0.88 on an earnings per share basis.

How many employees does SITE Centers have?

The company employs 293 workers across the globe.

How can I contact SITE Centers?

SITE Centers' mailing address is 3300 ENTERPRISE PARKWAY, BEACHWOOD OH, 44122. The official website for the company is www.sitecenters.com. The company can be reached via phone at (216) 755-5500 or via fax at 216-755-1500.

This page (NYSE:SITC) was last updated on 12/9/2022 by MarketBeat.com Staff