SITE Centers (NYSE:SITC) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of SITE Centers (NYSE:SITC) in a research report sent to investors on Sunday. The firm issued a hold rating on the stock.

Other research analysts also recently issued research reports about the stock. Truist Financial upped their price objective on shares of SITE Centers from $56.00 to $58.00 and gave the company a hold rating in a research note on Wednesday, August 28th. Stifel Nicolaus increased their price target 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. Evercore ISI raised shares of SITE Centers to a hold rating in a research note on Wednesday, July 31st. Wells Fargo & Company increased their target price on SITE Centers from $64.00 to $68.00 and gave the stock an overweight rating in a research report on Wednesday, August 28th. Finally, Piper Sandler lifted their target price on SITE Centers from $256.00 to $288.00 and gave the company an overweight rating in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $131.05.

SITE Centers Stock Performance

NYSE:SITC opened at $59.95 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 7.36 and a quick ratio of 7.36. The firm has a market cap of $12.56 billion, a PE ratio of 58.77 and a beta of 1.64. The firm has a 50 day simple moving average of $134.19 and a 200-day simple moving average of $194.96. SITE Centers has a 1-year low of $43.52 and a 1-year high of $64.44.

SITE Centers (NYSE:SITC) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $17.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.84 by $13.92. The business had revenue of $113.48 million for the quarter, compared to analysts’ expectations of $113.23 million. SITE Centers had a return on equity of 23.05% and a net margin of 91.77%. The business’s revenue was down 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.64 earnings per share. On average, equities analysts expect that SITE Centers will post 3.63 EPS for the current year.

Institutional Trading of SITE Centers

Several large investors have recently added to or reduced their stakes in SITC. Chilton Capital Management LLC grew its stake in shares of SITE Centers by 384.0% in the first quarter. Chilton Capital Management LLC now owns 1,936 shares of the company’s stock valued at $28,000 after buying an additional 1,536 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of SITE Centers during the second quarter valued at approximately $42,000. Quarry LP raised its stake in shares of SITE Centers by 503.9% during the second quarter. Quarry LP now owns 3,424 shares of the company’s stock valued at $50,000 after purchasing an additional 2,857 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of SITE Centers during the first quarter worth $147,000. Finally, Diversified Trust Co purchased a new position in shares of SITE Centers in the second quarter valued at $152,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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.