Shares of SITE Centers Corp. (NYSE:SITC – Get Free Report) have received an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $131.05.
A number of equities analysts have weighed in on SITC shares. Stifel Nicolaus boosted their target price on shares of SITE Centers from $65.00 to $65.25 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Piper Sandler upped their price objective on SITE Centers from $256.00 to $288.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. StockNews.com started coverage on SITE Centers in a research note on Saturday, September 21st. They issued a “hold” rating for the company. Truist Financial upped their price target on SITE Centers from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Finally, Evercore ISI upgraded SITE Centers to a “hold” rating in a research report on Wednesday, July 31st.
Get Our Latest Research Report on SITC
Institutional Investors Weigh In On SITE Centers
SITE Centers Stock Up 1.2 %
NYSE SITC opened at $59.95 on Friday. The stock’s 50 day simple moving average is $134.19 and its 200 day simple moving average is $195.41. The company has a debt-to-equity ratio of 0.70, a current ratio of 7.36 and a quick ratio of 7.36. SITE Centers has a one year low of $43.52 and a one year high of $64.44. The firm has a market cap of $12.56 billion, a PE ratio of 58.77 and a beta of 1.64.
SITE Centers (NYSE:SITC – Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $17.76 earnings per share for the quarter, beating analysts’ consensus estimates of $3.84 by $13.92. The company had revenue of $113.48 million during the quarter, compared to analyst estimates of $113.23 million. SITE Centers had a return on equity of 23.05% and a net margin of 91.77%. The firm’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same period last year, the company posted $4.64 earnings per share. As a group, sell-side analysts forecast that SITE Centers will post 3.63 earnings per share for the current fiscal year.
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.
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