Analysts Set SITE Centers Corp. (NYSE:SITC) Price Target at $35.61

SITE Centers Corp. (NYSE:SITC - Get Free Report) has been given a consensus recommendation of "Hold" by the nine analysts that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $35.61.

Several research analysts have commented on SITC shares. StockNews.com downgraded SITE Centers from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Citigroup dropped their target price on SITE Centers from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Piper Sandler dropped their target price on SITE Centers from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Finally, Wells Fargo & Company dropped their target price on SITE Centers from $17.50 to $17.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th.

SITE Centers Trading Down 1.0 %

SITC traded down $0.13 during trading on Friday, hitting $12.67. 844,187 shares of the stock were exchanged, compared to its average volume of 751,991. The firm has a 50 day simple moving average of $14.52 and a 200 day simple moving average of $22.15. The firm has a market cap of $664.03 million, a price-to-earnings ratio of 0.93 and a beta of 1.63. SITE Centers has a 1 year low of $12.58 and a 1 year high of $64.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.55 and a current ratio of 6.55.

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SITE Centers (NYSE:SITC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). The firm had revenue of $32.87 million for the quarter, compared to analysts' expectations of $43.58 million. SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. As a group, equities analysts expect that SITE Centers will post 3.24 EPS for the current year.

Insider Transactions at SITE Centers

In other SITE Centers news, EVP John M. Cattonar sold 8,794 shares of SITE Centers stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $133,844.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.10% of the company's stock.

Institutional Trading of SITE Centers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SITC. Los Angeles Capital Management LLC acquired a new stake in SITE Centers during the 3rd quarter worth about $355,000. GSA Capital Partners LLP acquired a new stake in SITE Centers during the 3rd quarter worth about $617,000. Quest Partners LLC lifted its position in SITE Centers by 1,046.5% during the 3rd quarter. Quest Partners LLC now owns 30,394 shares of the company's stock worth $1,839,000 after acquiring an additional 27,743 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of SITE Centers during the 3rd quarter valued at about $2,596,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of SITE Centers during the 3rd quarter valued at about $319,000. Institutional investors and hedge funds own 88.70% of the company's stock.

SITE Centers Company Profile

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.