SITE Centers Corp. (NYSE:SITC) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of SITE Centers Corp. (NYSE:SITC - Get Free Report) have been given a consensus rating of "Hold" by the nine brokerages that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $35.75.

SITC has been the topic of a number of research analyst reports. StockNews.com initiated coverage on SITE Centers in a report on Wednesday, December 4th. They set a "hold" rating on the stock. Wells Fargo & Company dropped their price target on SITE Centers from $17.50 to $17.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Piper Sandler dropped their price target on SITE Centers from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. Finally, Citigroup dropped their price target on SITE Centers from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th.

SITE Centers Price Performance

NYSE:SITC traded down $0.10 during mid-day trading on Tuesday, reaching $14.63. 942,583 shares of the stock were exchanged, compared to its average volume of 763,037. The business has a fifty day moving average price of $15.12 and a 200 day moving average price of $41.02. The firm has a market capitalization of $766.79 million, a PE ratio of 1.07 and a beta of 1.60. SITE Centers has a 1-year low of $14.47 and a 1-year high of $32.22. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling at SITE Centers

In other SITE Centers news, Director Dawn M. Sweeney sold 3,768 shares of SITE Centers stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $15.54, for a total transaction of $58,554.72. Following the transaction, the director now owns 29,082 shares of the company's stock, valued at $451,934.28. The trade was a 11.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David R. Lukes sold 168,895 shares of SITE Centers stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $15.39, for a total value of $2,599,294.05. Following the transaction, the chief executive officer now directly owns 136,008 shares in the company, valued at approximately $2,093,163.12. This trade represents a 55.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 181,457 shares of company stock valued at $2,791,693 in the last 90 days. 10.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SITE Centers

Several institutional investors and hedge funds have recently bought and sold shares of SITC. KBC Group NV lifted its holdings in shares of SITE Centers by 170.4% during the 4th quarter. KBC Group NV now owns 3,480 shares of the company's stock valued at $53,000 after buying an additional 2,193 shares during the last quarter. Covestor Ltd lifted its holdings in shares of SITE Centers by 483.2% during the 4th quarter. Covestor Ltd now owns 3,756 shares of the company's stock valued at $57,000 after buying an additional 3,112 shares during the last quarter. Vestcor Inc acquired a new stake in shares of SITE Centers during the 3rd quarter valued at about $95,000. Van ECK Associates Corp lifted its holdings in shares of SITE Centers by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 8,996 shares of the company's stock valued at $138,000 after buying an additional 833 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of SITE Centers during the 4th quarter valued at about $148,000. Hedge funds and other institutional investors own 88.70% of the company's stock.

About SITE Centers

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.