Should I buy or sell SITE Centers stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SITE Centers in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SITC shares. View SITC analyst ratings or view top-rated stocks .

What is SITE Centers' stock price target for 2024?

4 brokers have issued 1-year target prices for SITE Centers' stock. Their SITC share price targets range from $11.00 to $16.00. On average, they predict the company's share price to reach $14.25 in the next year. This suggests a possible upside of 5.2% 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 2024?

SITE Centers' stock was trading at $13.63 at the beginning of the year. Since then, SITC shares have decreased by 0.6% and is now trading at $13.55. View the best growth stocks for 2024 here .

When is SITE Centers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024. View our SITC earnings forecast .

How can I listen to SITE Centers' earnings call?

SITE Centers will be holding an earnings conference call on Tuesday, April 30th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "4967980".

How were SITE Centers' earnings last quarter?

SITE Centers Corp. (NYSE:SITC) posted its earnings results on Tuesday, February, 13th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.66. The company earned $123.20 million during the quarter, compared to the consensus estimate of $127.81 million. SITE Centers had a trailing twelve-month return on equity of 14.00% and a net margin of 49.25%. The company's revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS.

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

SITE Centers declared a quarterly dividend on Tuesday, February 13th. Shareholders of record on Thursday, March 14th will be paid a dividend of $0.13 per share on Friday, April 5th. This represents a $0.52 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Wednesday, March 13th. 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 3.85%. The dividend payout ratio is 42.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SITC will have a dividend payout ratio of 61.90% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SITC .

What ETFs hold SITE Centers' stock?

ETFs with the largest weight of SITE Centers (NYSE:SITC) stock in their portfolio include Harbor Corporate Culture Small Cap ETF (HAPS) , Cambria Global Real Estate ETF (BLDG) , RiverFront Dynamic US Dividend Advantage ETF (RFDA) , Invesco S&P SmallCap Financials ETF (PSCF) and Fidelity Real Estate Investment ETF (FPRO) . SPDR S&P 600 Small Cap ETF (SLY) .

Who are SITE Centers' major shareholders?

SITE Centers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Pensionfund DSM Netherlands (0.01%) and Pensionfund Sabic (0.01%). 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 .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:SITC

SITE Centers (SITC) Stock Price, News & Analysis

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$13.55

+0.11 (+0.82%)

(As of 04/18/2024 ET)

Compare

Today's Range: $13.38
▼
$13.60
50-Day Range: $13.43
▼
$14.65
52-Week Range: $10.88
▼
$14.71

Volume: 1.10 million shs
Average Volume: 2.10 million shs
Market Capitalization: $2.84 billion

P/E Ratio: 11.20
Dividend Yield: 3.84%
Price Target: $14.25

Get SITE Centers alerts:

SITE Centers MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 5.2% Upside
$14.25 Price Target
Short Interest: Healthy
3.26% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.42
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -10.64%
From $0.94 to $0.84 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.31 out of 5 stars

Finance Sector

606th out of 826 stocks

Real Estate Investment Trusts Industry

119th out of 176 stocks

1.3

Analyst's Opinion

Consensus Rating
SITE Centers has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
SITE Centers has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.26% of the float of SITE Centers has been sold short.
Short Interest Ratio / Days to Cover
SITE Centers has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SITE Centers has recently decreased by 5.71%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
SITE Centers is a leading dividend payer. It pays a dividend yield of 3.85%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
SITE Centers does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of SITE Centers is 42.98%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, SITE Centers will have a dividend payout ratio of 61.90% next year. This indicates that SITE Centers will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SITC.

1.9

News and Social Media Coverage

News Sentiment
SITE Centers has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for SITE Centers this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for SITC on MarketBeat in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SITE Centers insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.10% of the stock of SITE Centers is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
88.70% of the stock of SITE Centers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for SITE Centers are expected to decrease by -10.64% in the coming year, from $0.94 to $0.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SITE Centers is 11.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of SITE Centers is 11.20, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.74.
Price to Book Value per Share Ratio
SITE Centers has a P/B Ratio of 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About SITE Centers Stock (NYSE:SITC)

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.

SITC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SITC Stock News Headlines

April 15, 2024 | finance.yahoo.com

SITE Centers’ First Quarter 2024 Earnings Conference Call to be Held on Tuesday, April 30, 2024, at 8:00 a.m. Eastern Time

April 15, 2024 | businesswire.com

SITE Centers' First Quarter 2024 Earnings Conference Call to be Held on Tuesday, April 30, 2024, at 8:00 a.m. Eastern Time

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 8, 2024 | nasdaq.com

SITC Quantitative Stock Analysis - Peter Lynch

April 8, 2024 | cbsnews.com

Officials tour of Florida's Urban Search and Rescue Task Force 2 training center

April 5, 2024 | morningstar.com

SITE Centers Corp SITC

April 3, 2024 | msn.com

Demolition now underway at future site of Inch & Co. sports complex in York County

April 2, 2024 | msn.com

LCCC becomes NextFlex Education and Workforce Development Innovation Center

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 1, 2024 | bizjournals.com

Technology Research Corp. signs 10-year lease at St. Pete’s Baypoint Commerce Center

April 1, 2024 | msn.com

The Surprise City Center project's first three buildings are slated to be completed this summer

March 30, 2024 | finance.yahoo.com

SITE Centers Corp. (SITC-PA)

March 26, 2024 | finance.yahoo.com

SITE Centers Corp. (SITC)

March 17, 2024 | finance.yahoo.com

SITC Jul 2024 12.340 put

March 16, 2024 | finance.yahoo.com

SITC Apr 2024 12.340 put

March 15, 2024 | news.yahoo.com

Quincy Event Center upgrade gets $309K in state funds

March 15, 2024 | msn.com

Council initiates revamp of plan outlining uses for former COD campus site in northern Palm Springs

March 14, 2024 | markets.businessinsider.com

Piper Sandler Keeps Their Buy Rating on SITE Centers (SITC)

March 14, 2024 | msn.com

Savannah Convention Center expansion project update

March 1, 2024 | businesswire.com

SITE Centers Declares First Quarter 2024 Class A Preferred Share Dividend

February 26, 2024 | seekingalpha.com

SITE Centers Remains A Solid Investment Even After The Spinoff

February 25, 2024 | investorplace.com

It's Time! 3 Overplayed REITs to Sell in February

February 23, 2024 | news.yahoo.com

Controversial R1 center construction was a ‘massive failure,’ SC education department says

February 20, 2024 | msn.com

Savannah Convention Center expansion "significantly delayed" past expected May opening

February 16, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Real Estate Companies: SITE Centers (SITC) and Digital Realty (DLR)

February 14, 2024 | finance.yahoo.com

SITE Centers Corp. (NYSE:SITC) Q4 2023 Earnings Call Transcript

February 14, 2024 | finance.yahoo.com

SITE Centers (SITC) Stock Rises as Q4 OFFO Meets Estimates

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Ex-Dividend for 4/5 Dividend: 3/13/2024
Dividend Payable: 4/05/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/30/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: N/A
Current Symbol: NYSE:SITC
CUSIP: N/A
CIK: 894315
Web: www.sitecenters.com
Phone: (216) 755-5500
Fax: 216-755-1500
Employees: 220
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $14.25
High Stock Price Target: $16.00
Low Stock Price Target: $11.00
Potential Upside/Downside: +5.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.21
Trailing P/E Ratio: 11.20
Forward P/E Ratio: 14.41
P/E Growth: N/A
Net Income: $265.70 million
Net Margins: 49.25%
Pretax Margin: 49.02%
Return on Equity: 14.00%
Return on Assets: 6.56%

Debt

Debt-to-Equity Ratio: 0.81
Current Ratio: 3.24
Quick Ratio: 3.24

Sales & Book Value

Annual Sales: $539.46 million
Price / Sales: 5.26
Cash Flow: $2.31 per share
Price / Cash Flow: 5.86
Book Value: $9.56 per share
Price / Book: 1.42

Miscellaneous

Outstanding Shares: 209,360,000
Free Float: 188,212,000
Market Cap: $2.84 billion
Optionable: Optionable
Beta: 1.58

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Key Executives

Mr. David R. Lukes (Age 54)
President, CEO & Director
Comp: $3.19M
Mr. Conor M. Fennerty (Age 38)
Executive VP, CFO & Treasurer
Comp: $1.49M
Mr. John M. Cattonar (Age 42)
Executive VP & Chief Investment Officer
Comp: $1.24M
Ms. Christina M. Yarian (Age 46)
Senior VP & Chief Accounting Officer
Monica Kukreja
Capital Markets & Investor Relations
Mr. Aaron M. Kitlowski J.D. (Age 51)
Executive VP, General Counsel & Corporate Secretary
Ms. Kim M. Scharf
Senior Vice President of Information Technology
Mr. Jeff Scott
Senior Vice President of Property Reporting
Mr. Robert Siebenschuh
Senior Vice President of Property Accounting Operations
Mr. Joseph E. Chura
Senior Vice President of Property Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SITC Stock Analysis - Frequently Asked Questions

Should I buy or sell SITE Centers stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SITE Centers in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SITC shares.
View SITC analyst ratings or view top-rated stocks.
What is SITE Centers' stock price target for 2024?: 4 brokers have issued 1-year target prices for SITE Centers' stock. Their SITC share price targets range from $11.00 to $16.00. On average, they predict the company's share price to reach $14.25 in the next year. This suggests a possible upside of 5.2% 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 2024?: SITE Centers' stock was trading at $13.63 at the beginning of the year. Since then, SITC shares have decreased by 0.6% and is now trading at $13.55.
View the best growth stocks for 2024 here.
When is SITE Centers' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our SITC earnings forecast.
How can I listen to SITE Centers' earnings call?: SITE Centers will be holding an earnings conference call on Tuesday, April 30th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "4967980".
How were SITE Centers' earnings last quarter?: SITE Centers Corp. (NYSE:SITC) posted its earnings results on Tuesday, February, 13th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.66. The company earned $123.20 million during the quarter, compared to the consensus estimate of $127.81 million. SITE Centers had a trailing twelve-month return on equity of 14.00% and a net margin of 49.25%. The company's revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS.

How often does SITE Centers pay dividends? What is the dividend yield for SITE Centers?: SITE Centers declared a quarterly dividend on Tuesday, February 13th. Shareholders of record on Thursday, March 14th will be paid a dividend of $0.13 per share on Friday, April 5th. This represents a $0.52 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Wednesday, March 13th.
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 3.85%. The dividend payout ratio is 42.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SITC will have a dividend payout ratio of 61.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SITC.
What ETFs hold SITE Centers' stock?: ETFs with the largest weight of SITE Centers (NYSE:SITC) stock in their portfolio include Harbor Corporate Culture Small Cap ETF (HAPS), Cambria Global Real Estate ETF (BLDG), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Invesco S&P SmallCap Financials ETF (PSCF) and Fidelity Real Estate Investment ETF (FPRO).SPDR S&P 600 Small Cap ETF (SLY).
Who are SITE Centers' major shareholders?: SITE Centers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Pensionfund DSM Netherlands (0.01%) and Pensionfund Sabic (0.01%). 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.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SITC) was last updated on 4/18/2024 by MarketBeat.com Staff

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SITE Centers (SITC) Stock Price, News & Analysis

SITE Centers MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About SITE Centers Stock (NYSE:SITC)

SITC Stock Price History

SITC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SITC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™