NYSE:SITC SITE Centers (SITC) Stock Price, News & Analysis $57.01 -0.77 (-1.33%) (As of 09/6/2024 08:49 PM ET) Add Compare Share Share Today's Range$56.64▼$58.0350-Day Range$57.01▼$256.1652-Week Range$43.52▼$64.44Volume499,400 shsAverage Volume484,576 shsMarket Capitalization$2.99 billionP/E Ratio55.89Dividend Yield3.65%Price Target$147.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get SITE Centers alerts: Email Address SITE Centers MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside158.7% Upside$147.50 Price TargetShort InterestHealthy3.14% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.24Based on 3 Articles This WeekInsider TradingSelling Shares$22.78 M Sold Last QuarterProj. Earnings Growth-28.07%From $3.67 to $2.64 Per ShareSee Full Details Hide Full Details 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.3.20 out of 5 starsFinance Sector398th out of 865 stocksReal Estate Investment Trusts Industry79th out of 178 stocks 3.2 Analyst's Opinion Consensus RatingSITE Centers has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageSITE Centers has only been the subject of 4 research reports in the past 90 days.Read more about SITE Centers' stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.14% of the float of SITE Centers has been sold short.Short Interest Ratio / Days to CoverSITE Centers has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in SITE Centers has recently decreased by 67.88%, indicating that investor sentiment is improving significantly. Previous Next 0.8 Dividend Strength Dividend YieldSITE Centers pays a meaningful dividend of 3.45%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSITE Centers does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of SITE Centers is 203.92%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, SITE Centers will have a dividend payout ratio of 78.79% in the coming year. This indicates that SITE Centers may not be able to sustain their current dividend.Read more about SITE Centers' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SITC. Previous Next 1.8 News and Social Media Coverage News SentimentSITE Centers has a news sentiment score of 0.24. 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 0.67 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for SITE Centers this week, compared to 3 articles on an average week.Search Interest1 people have searched for SITC on MarketBeat in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, SITE Centers insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,784,560.00 in company stock.Percentage Held by Insiders10.10% 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 Institutions88.70% of the stock of SITE Centers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about SITE Centers' insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for SITE Centers are expected to decrease by -28.07% in the coming year, from $3.67 to $2.64 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of SITE Centers is 55.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.60.Price to Earnings Ratio vs. SectorThe P/E ratio of SITE Centers is 55.89, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 47.04.Price to Book Value per Share RatioSITE Centers has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about SITE Centers' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlace44-year Wall Street Vet: “Permanent devastation is coming to America”After 44 years on Wall Street, I've seen it all... Black Monday, the Great Recession, the Covid crash. But now a looming disaster is threatening America. And it's unlike anything we've ever experienced before.The information in this video is crucially valuable. 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.Read More SITC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SITC Stock News HeadlinesSeptember 5, 2024 | au.finance.yahoo.comSITE CTRS CORP. O.N. (DDR.DU)September 4, 2024 | businesswire.comCurbline Properties Publicly Files Form 10 with SECSeptember 9, 2024 | Crypto 101 Media (Ad)Perfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying with both fists. They know it's only a matter of time before another bull run. Now, Crypto Insiders Are Scooping up Lesser-Known Coins and Making Serious BankSeptember 3, 2024 | markets.businessinsider.comSITE Centers (SITC) Gets a Hold from Truist FinancialAugust 31, 2024 | bizjournals.comSite Centers buys more 'convenience assets,' including Crocker Commons, ahead of spinoffAugust 31, 2024 | finance.yahoo.comSITE Centers Declares Third Quarter 2024 Class A Preferred Share DividendAugust 30, 2024 | finance.yahoo.comSITE Centers Corp. (SITC) Down 0.7% Since Last Earnings Report: Can It Rebound?August 30, 2024 | finance.yahoo.comSITE Centers Provides Third Quarter 2024 Transaction and Financing UpdateSeptember 9, 2024 | Crypto 101 Media (Ad)Perfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying with both fists. They know it's only a matter of time before another bull run. Now, Crypto Insiders Are Scooping up Lesser-Known Coins and Making Serious BankAugust 30, 2024 | americanbankingnews.comWells Fargo & Company Increases SITE Centers (NYSE:SITC) Price Target to $68.00August 30, 2024 | americanbankingnews.comTruist Financial Raises SITE Centers (NYSE:SITC) Price Target to $58.00August 30, 2024 | americanbankingnews.comBrokerages Set SITE Centers Corp. (NYSE:SITC) Price Target at $240.00August 26, 2024 | markets.businessinsider.comStifel Nicolaus Remains a Buy on SITE Centers (SITC)August 24, 2024 | finance.yahoo.comInsider Sale: EVP, CFO & Treasurer Conor Fennerty Sells 5,850 Shares of SITE Centers Corp (SITC)August 17, 2024 | msn.comWatch: Indoor Performance Center Construction TourAugust 15, 2024 | investing.comSite Centers Corp ADR Pref Class A (SITC_pa)August 7, 2024 | finance.yahoo.comSITE Centers Corp (DDR2.DU)August 7, 2024 | nasdaq.comWhy SITE Centers Is a Top 10 REIT Stock With 3.38% Yield (SITC)See More Headlines Receive SITC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for SITE Centers and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/9 Dividend6/18/2024Dividend Payable7/09/2024Last Earnings7/30/2024Today9/09/2024Next Earnings (Estimated)11/04/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryTrading Current SymbolNYSE:SITC CUSIPN/A CIK894315 Webwww.sitecenters.com Phone(216) 755-5500Fax216-755-1500Employees270Year FoundedN/APrice Target and Rating Average Stock Price Target$147.50 High Stock Price Target$288.00 Low Stock Price Target$58.00 Potential Upside/Downside+158.7%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$1.02 Trailing P/E Ratio55.89 Forward P/E Ratio15.53 P/E GrowthN/ANet Income$265.70 million Net Margins91.77% Pretax Margin92.17% Return on Equity23.05% Return on Assets11.48% Debt Debt-to-Equity Ratio0.70 Current Ratio7.36 Quick Ratio7.36 Sales & Book Value Annual Sales$507.19 million Price / Sales23.55 Cash Flow$8.72 per share Price / Cash Flow6.54 Book Value$41.21 per share Price / Book1.38Miscellaneous Outstanding Shares209,543,000Free Float188,379,000Market Cap$11.95 billion OptionableOptionable Beta1.64 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. David R. Lukes (Age 54)President, CEO & Director Comp: $3.19MMr. Conor M. Fennerty (Age 38)Executive VP, CFO & Treasurer Comp: $1.49MMr. John M. Cattonar (Age 42)Executive VP & Chief Investment Officer Comp: $1.24MMs. Christina M. Yarian (Age 46)Senior VP & Chief Accounting Officer Monica KukrejaCapital Markets & Investor RelationsMr. Aaron M. Kitlowski J.D. (Age 51)Executive VP, General Counsel & Corporate Secretary Ms. Kim M. ScharfSenior Vice President of Information TechnologyMr. Jeff ScottSenior Vice President of Property ReportingMr. Robert SiebenschuhSenior Vice President of Property Accounting OperationsMr. Joseph E. ChuraSenior Vice President of Property OperationsMore ExecutivesKey CompetitorsAres ManagementNYSE:ARESBlue Owl CapitalNYSE:OWLLineageNASDAQ:LINETexas Pacific LandNYSE:TPLBrookfield Asset ManagementNYSE:BAMView All CompetitorsInsiders & InstitutionsAlgert Global LLCBought 162,260 shares on 8/16/2024Ownership: 0.197%Quarry LPBought 2,857 shares on 8/16/2024Ownership: 0.002%Millennium Management LLCSold 69,226 shares on 8/15/2024Ownership: 0.862%The Manufacturers Life Insurance Company Bought 1,751 shares on 8/15/2024Ownership: 0.050%AQR Capital Management LLCSold 4,393 shares on 8/15/2024Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions 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 73.9% and is now trading at $57.01. View the best growth stocks for 2024 here. How were SITE Centers' earnings last quarter? SITE Centers Corp. (NYSE:SITC) announced its quarterly earnings results on Tuesday, July, 30th. The company reported $17.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.84 by $13.92. The company's quarterly revenue was down 16.5% on a year-over-year basis. When did SITE Centers' stock split? Shares of SITE Centers reverse split on 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? Top institutional investors of SITE Centers include Long Pond Capital LP (2.66%), Daiwa Securities Group Inc. (1.43%), Dimensional Fund Advisors LP (1.30%) and Bank of New York Mellon Corp (0.97%). 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. This page (NYSE:SITC) was last updated on 9/9/2024 by MarketBeat.com Staff From Our PartnersThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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