Shares of SITE Centers Corp. (NYSE:SITC – Get Free Report) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $131.05.
A number of equities research analysts recently issued reports on the company. Truist Financial lifted their target price on SITE Centers from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Wells Fargo & Company boosted their price objective on shares of SITE Centers from $64.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Stifel Nicolaus raised their target price on shares of SITE Centers from $65.00 to $65.25 and gave the company a “buy” rating in a research report on Thursday, September 19th. Evercore ISI raised shares of SITE Centers to a “hold” rating in a research report on Wednesday, July 31st. Finally, Piper Sandler raised their price objective on SITE Centers from $256.00 to $288.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st.
Read Our Latest Report on SITE Centers
Institutional Inflows and Outflows
SITE Centers Stock Up 1.2 %
SITE Centers stock opened at $59.95 on Friday. SITE Centers has a twelve month low of $43.52 and a twelve month high of $64.44. The company has a quick ratio of 7.36, a current ratio of 7.36 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $134.19 and a 200-day moving average of $195.41. The stock has a market capitalization of $12.56 billion, a PE ratio of 58.77 and a beta of 1.64.
SITE Centers (NYSE:SITC – Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported $17.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.84 by $13.92. The firm had revenue of $113.48 million during 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 company’s revenue was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.64 EPS. On average, equities research analysts anticipate that SITE Centers will post 3.63 EPS for the current fiscal year.
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.
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