SITE Centers (SITC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $16.78 to $17.00
• 50-Day Range: $16.58 to $246.80
• 52-Week Range: $16.50 to $64.44
• Volume: 1.25 million shs
• Average Volume: 603,913 shs
• Market Capitalization: $3.52 billion
• P/E Ratio: 1.98
• Dividend Yield: 12.37%
• Price Target: $97.18
• Consensus Rating: Hold

SITE Centers Stock Analysis - MarketRank™

SITE Centers scored higher than 95% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

SITE Centers has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SITE Centers has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -67.55%

Earnings Growth

Earnings for SITE Centers are expected to decrease by -67.55% in the coming year, from $3.39 to $1.10 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SITE Centers is 1.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.84.

Price to Earnings Ratio vs. Sector

The P/E ratio of SITE Centers is 1.98, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 273.32.

Price to Book Value per Share Ratio

SITE Centers has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.91% 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 1.2, 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 39.70%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

SITE Centers is a leading dividend payer. It pays a dividend yield of 12.02%, 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 203.92%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, SITE Centers will have a dividend payout ratio of 189.09% in the coming year. This indicates that SITE Centers may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.91% 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 1.2, 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 39.70%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 0.64

News Sentiment

SITE Centers has a news sentiment score of 0.64. 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 higher news sentiment than the 0.51 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for SITE Centers this week, compared to 4 articles on an average week.

Search Interest

3 people have searched for SITC on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

2 people have added SITE Centers to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

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.

SITC Stock Analysis - Frequently Asked Questions

How have SITC shares performed this year?

SITE Centers' stock was trading at $218.08 on January 1st, 2024. Since then, SITC stock has decreased by 92.3% and is now trading at $16.82.
View the best growth stocks for 2024 here.

How were SITE Centers' earnings last quarter?

SITE Centers Corp. (NYSE:SITC) released its quarterly earnings results on Tuesday, July, 30th. The company reported $17.76 EPS for the quarter, topping analysts' consensus estimates of $3.84 by $13.92. The company's revenue was down 16.5% compared to the same quarter last year.

When did SITE Centers' stock split?

Shares of SITE Centers reverse split on the morning of Monday, August 19th 2024. The 1-4 reverse split was announced on Monday, August 19th 2024. The number of shares owned by shareholders was adjusted after the market closes on Monday, August 19th 2024. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Who are SITE Centers' major shareholders?

SITE Centers' top institutional shareholders include Creative Planning (0.04%), Handelsbanken Fonder AB (0.01%), SG Americas Securities LLC (0.01%) and Sumitomo Mitsui DS Asset Management Company Ltd. Insiders that own company stock include Alexander Otto, David R Lukes, Conor Fennerty, John M Cattonar and Christa A Vesy.
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.

What other stocks do shareholders of SITE Centers own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SITE Centers investors own include American Water Works (AWK), DiamondRock Hospitality (DRH), The RMR Group (RMR), Waste Connections (WCN), AUO (AUOTY), Humana (HUM) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 7/30/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Real Estate
• Industry: REIT - Retail
• Sub-Industry: Trading
• 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: $97.18
• High Stock Price Target: $288.00
• Low Stock Price Target: $17.00
• Potential Upside/Downside: +477.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.02
• Trailing P/E Ratio: 1.98
• Forward P/E Ratio: 4.96
• P/E Growth: N/A
• Net Income: $265.70 million
• Net Margins: 91.77%
• Pretax Margin: 92.17%
• Return on Equity: 23.05%
• Return on Assets: 11.48%

Debt

• Debt-to-Equity Ratio: 0.70
• Current Ratio: 7.36
• Quick Ratio: 7.36

Sales & Book Value

• Annual Sales: $507.19 million
• Price / Sales: 6.95
• Cash Flow: $8.95 per share
• Price / Cash Flow: 1.88
• Book Value: $38.23 per share
• Price / Book: 0.44

Miscellaneous

• Outstanding Shares: 209,543,000
• Free Float: 47,100,000
• Market Cap: $3.52 billion
• Optionable: Optionable
• Beta: 1.64