SITE Centers (SITC) Expected to Announce Earnings on Tuesday

SITE Centers (NYSE:SITC - Get Free Report) is projected to announce its earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of ($0.21) per share and revenue of $43.58 million for the quarter.

SITE Centers Stock Down 0.9 %

Shares of SITC stock traded down $0.14 on Friday, hitting $15.01. 707,780 shares of the stock were exchanged, compared to its average volume of 777,743. The business has a 50-day moving average of $15.24 and a 200 day moving average of $55.60. SITE Centers has a fifty-two week low of $14.55 and a fifty-two week high of $32.22. The firm has a market capitalization of $786.97 million, a P/E ratio of 1.10 and a beta of 1.60. 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 Activity at SITE Centers

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SITC shares. Compass Point decreased their price target on shares of SITE Centers from $64.00 to $17.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. StockNews.com initiated coverage on shares of SITE Centers in a research report on Wednesday, December 4th. They issued a "hold" rating for the company. Wells Fargo & Company cut their price target on shares of 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. Piper Sandler decreased their price objective on SITE Centers from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Finally, Citigroup dropped their target price on SITE Centers from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $35.75.

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.