A number of other analysts have also issued reports on SITC. Evercore ISI reduced their target price on SITE Centers from $16.00 to $15.00 and set an in-line rating for the company in a report on Tuesday, September 27th. Truist Financial dropped their price target on shares of SITE Centers from $15.00 to $14.00 and set a hold rating on the stock in a research note on Friday, December 2nd. Piper Sandler dropped their price target on shares of SITE Centers from $17.00 to $14.00 and set an overweight rating on the stock in a research note on Friday, October 7th. Finally, Mizuho downgraded shares of SITE Centers from a buy rating to a neutral rating and dropped their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, January 10th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, SITE Centers currently has an average rating of Hold and a consensus target price of $14.85.
SITE Centers Price Performance
SITC opened at $13.09 on Wednesday. The stock has a fifty day moving average of $13.30 and a 200-day moving average of $13.05. The firm has a market capitalization of $2.78 billion, a P/E ratio of 14.88 and a beta of 1.53. SITE Centers has a 12-month low of $10.42 and a 12-month high of $17.22. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.94.
SITE Centers Dividend Announcement
In other news, EVP John M. Cattonar sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $13.61, for a total transaction of $149,710.00. Following the sale, the executive vice president now directly owns 40,922 shares in the company, valued at $556,948.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.80% of the stock is currently owned by company insiders.
Institutional Trading of SITE Centers
A number of large investors have recently bought and sold shares of the stock. CWM LLC grew its holdings in shares of SITE Centers by 338.0% during the third quarter. CWM LLC now owns 2,501 shares of the company’s stock worth $27,000 after purchasing an additional 1,930 shares during the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of SITE Centers during the third quarter worth $41,000. Lindbrook Capital LLC grew its holdings in shares of SITE Centers by 537.1% during the second quarter. Lindbrook Capital LLC now owns 3,899 shares of the company’s stock worth $53,000 after purchasing an additional 3,287 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of SITE Centers during the first quarter worth $76,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of SITE Centers by 365.5% during the third quarter. Quadrant Capital Group LLC now owns 7,197 shares of the company’s stock valued at $77,000 after acquiring an additional 5,651 shares during the period. 95.96% of the stock is currently owned by institutional investors.
SITE Centers Company Profile
SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. 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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