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SITE Centers (SITC)
NYSE:SITC
SITE Centers (SITC) Stock Price & Analysis
196 Followers
SITC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$10.46 - $15.32
Previous Close$15.23
Volume1.51M
Average Volume (3M)1.59M
Market Cap
$3.19B
Enterprise Value$4.27B
Total Cash (Recent Filing)$551.97M
Total Debt (Recent Filing)$1.63B
Price to Earnings (P/E)14.8
Beta1.31
Next Earnings
Jul 25, 2024EPS Estimate
$0.03Last Dividend Ex-Date
Jun 18, 2024Dividend Yield3.41%
Share Statistics
EPS (TTM)1.03
Shares Outstanding209,543,106
10 Day Avg. Volume1,820,129
30 Day Avg. Volume1,594,546
Standard Deviation0.13
R-Squared0.42
Alpha-0.00542
Financial Highlights & Ratios
Price to Book (P/B)1.56
Price to Sales (P/S)24.10
Price to Cash Flow (P/CF)16.20
P/FCF Ratio11.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.81
Enterprise Value/Gross Profit11.21
Enterprise Value/Ebitda24.40
Forecast
1Y Price Target
$15.13Price Target Upside0.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
SITE Centers News
PremiumPre-Earnings
Is SITC a Buy, Before Earnings?PremiumCompany Announcements
SITE Centers Secures CEO Lukes with New Employment Deal
Bulls Say, Bears Say
Bulls Say
Asset SalesThe company sold $119m in 1Q and $170m in 2Q, showing further progress on asset sales program.
Leasing TermsBlended cash leasing spreads were +8.2% (13.1% GAAP), showing favorable leasing terms.
ValuationLegacy SITC assets have sold at a roughly 6.6% blended cap rate, which is favorable compared to the implied cap rate for legacy assets.
Bears Say
Leasing VolumesLeasing volumes of 593k was lighter than past trends, but portfolio size is smaller for perspective.
Operational PerformanceSequential leased occupancy dipped by 30bps QoQ, indicating a slight softness in core operations.
RisksRisks include asset sale volume and/or pricing coming in below expectations, incremental tenant bankruptcy announcements, and deterioration in consumer trends.
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Ownership Overview
17.85% Insiders
27.02% Mutual Funds
27.01% Other Institutional Investors
28.12% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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SITC FAQ
What was SITE Centers’s price range in the past 12 months?
SITE Centers lowest stock price was $10.46 and its highest was $15.31 in the past 12 months.
What is SITE Centers’s market cap?
Currently, no data Available
When is SITE Centers’s upcoming earnings report date?
SITE Centers’s upcoming earnings report date is Jul 25, 2024 which is 4 days ago.
How were SITE Centers’s earnings last quarter?
SITE Centers released its earnings results on Apr 30, 2024. The company reported -$0.13 earnings per share for the quarter, missing the consensus estimate of $0.043 by -$0.173.
Is SITE Centers overvalued?
According to Wall Street analysts SITE Centers’s price is currently Undervalued.
Does SITE Centers pay dividends?
SITE Centers pays a Notavailable dividend of $0.13 which represents an annual dividend yield of 3.41%. See more information on SITE Centers dividends here
What is SITE Centers’s EPS estimate?
SITE Centers’s EPS estimate is $0.03.
How many shares outstanding does SITE Centers have?
SITE Centers has 209,543,100 shares outstanding.
What happened to SITE Centers’s price movement after its last earnings report?
SITE Centers reported an EPS of -$0.13 in its last earnings report, missing expectations of $0.043. Following the earnings report the stock price went down -1.474%.
Which hedge fund is a major shareholder of SITE Centers?
Among the largest hedge funds holding SITE Centers’s share is Fisher Asset Management LLC. It holds SITE Centers’s shares valued at 19M.
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SITE Centers Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$15.13 (0.60% Upside)
$15.13 (0.60% Upside)
Blogger Sentiment
Bullish
SITC Sentiment 75%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 128.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $43.7M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
13.94%
12-Months-Change
Fundamentals
Return on Equity
10.87%
Trailing 12-Months
Asset Growth
-3.96%
Trailing 12-Months
Company Description
SITE Centers
SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company was founded in 1965 and is headquartered in Beachwood, OH.
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SITC Company Deck
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SITC Earnings Call
Q1 2024
0:00 / 0:00
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SITC Stock 12 Month Forecast
Average Price Target
$15.13
▲(0.60% Upside)
Technical Analysis
Best Analysts Covering SITC
1 Year
1 Year Success Rate
7/12 ratings generated profit
1 Year Average Return
+6.53%
reiterated a buy rating 3 months ago
Copying Alexander Goldfarb's trades and holding each position for 1 Year would result in 58.33% of your transactions generating a profit, with an average return of +6.53% per trade.
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