SITE Centers (SITC) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SITE Centers in the last twelve months. There are currently 7 hold ratings and 2 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.

9 equities research analysts have issued 12-month target prices for SITE Centers' stock. Their SITC share price forecasts range from $12.00 to $17.00. On average, they expect the company's share price to reach $14.15 in the next year. This suggests a possible upside of 13.1% from the stock's current price.
View analysts price targets for SITC or view top-rated stocks among Wall Street analysts.

SITE Centers' stock was trading at $13.66 on January 1st, 2023. Since then, SITC stock has decreased by 8.4% and is now trading at $12.51.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our SITC earnings forecast.

SITE Centers Corp. (NYSE:SITC) posted its earnings results on Tuesday, April, 26th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $131.10 million for the quarter, compared to analyst estimates of $126.07 million. SITE Centers had a trailing twelve-month return on equity of 8.90% and a net margin of 31.11%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS.

SITE Centers declared a quarterly dividend on Wednesday, May 10th. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.13 per share on Thursday, July 6th. This represents a $0.52 annualized dividend and a yield of 4.16%. The ex-dividend date is Tuesday, June 13th.
Read our dividend analysis for SITC.

ETFs with the largest weight of SITE Centers (NYSE:SITC) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), ALPS Active REIT ETF (REIT), Cambria Global Real Estate ETF (BLDG), Invesco S&P SmallCap Financials ETF (PSCF), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Invesco Active U.S. Real Estate ETF (PSR), U.S. Diversified Real Estate ETF (PPTY) and iShares S&P Small-Cap 600 Value ETF (IJS).

SITE Centers (NYSE:SITC) pays an annual dividend of $0.52 per share and currently has a dividend yield of 4.35%. SITC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 69.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SITC will have a dividend payout ratio of 43.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SITC.

SITE Centers updated its FY23 earnings guidance on Tuesday, April, 25th. The company provided EPS guidance of $1.11-$1.17 for the period, compared to the consensus earnings per share estimate of $1.14.

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

SITE Centers' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.49%), State Street Corp (5.83%), JPMorgan Chase & Co. (5.27%), FMR LLC (4.14%), Geode Capital Management LLC (1.91%) and Charles Schwab Investment Management Inc. (1.64%). Insiders that own company stock include Alexander Otto, Christa A Vesy, Conor Fennerty, David R Lukes, John M Cattonar and Terrance R Ahern.
View institutional ownership trends.

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.

One share of SITC stock can currently be purchased for approximately $12.51.

SITE Centers (NYSE:SITC) has a market capitalization of $2.62 billion and generates $556.73 million in revenue each year. The company earns $168.72 million in net income (profit) each year or $0.75 on an earnings per share basis.

The company employs 293 workers across the globe.

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.