Analysts Set SITE Centers Corp. (NASDAQ:SITC) PT at $15.00

Share on StockTwits

Shares of SITE Centers Corp. (NASDAQ:SITC) have earned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $14.88.

Several research analysts have recently weighed in on SITC shares. Zacks Investment Research raised shares of SITE Centers from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Tuesday, October 1st. Compass Point cut shares of SITE Centers from a “neutral” rating to a “sell” rating and set a $13.50 price objective for the company. in a report on Monday. Mizuho cut shares of SITE Centers from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a report on Friday, September 13th. Finally, Stifel Nicolaus raised shares of SITE Centers from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, November 21st.

A number of hedge funds have recently made changes to their positions in SITC. Ladenburg Thalmann Financial Services Inc. increased its holdings in SITE Centers by 37.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,296 shares of the company’s stock valued at $43,000 after buying an additional 896 shares during the last quarter. Phocas Financial Corp. purchased a new stake in SITE Centers during the second quarter valued at approximately $72,000. Machina Capital S.A.S. purchased a new stake in SITE Centers during the second quarter valued at approximately $74,000. SRS Capital Advisors Inc. purchased a new stake in SITE Centers during the second quarter valued at approximately $76,000. Finally, Chicago Equity Partners LLC purchased a new stake in SITE Centers during the second quarter valued at approximately $132,000.

SITC opened at $14.39 on Friday. The firm has a 50 day moving average price of $15.04 and a 200-day moving average price of $14.08. SITE Centers has a twelve month low of $10.71 and a twelve month high of $15.85.

SITE Centers (NASDAQ:SITC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.22). The firm had revenue of $109.70 million for the quarter, compared to analysts’ expectations of $111.73 million. During the same period last year, the firm earned $0.33 earnings per share. The firm’s revenue was down 15.0% compared to the same quarter last year.

About SITE Centers

SITE 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.

See Also: How does a margin account work?

Receive News & Ratings for SITE Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SITE Centers and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Meag Munich Ergo Kapitalanlagegesellschaft MBH Reduces Position in Deere & Company
Meag Munich Ergo Kapitalanlagegesellschaft MBH Reduces Position in Deere & Company
Meag Munich Ergo Kapitalanlagegesellschaft MBH Decreases Stock Holdings in Norfolk Southern Corp.
Meag Munich Ergo Kapitalanlagegesellschaft MBH Decreases Stock Holdings in Norfolk Southern Corp.
Meag Munich Ergo Kapitalanlagegesellschaft MBH Has $809,000 Holdings in Waste Management, Inc.
Meag Munich Ergo Kapitalanlagegesellschaft MBH Has $809,000 Holdings in Waste Management, Inc.
Meag Munich Ergo Kapitalanlagegesellschaft MBH Lowers Position in Advanced Micro Devices, Inc.
Meag Munich Ergo Kapitalanlagegesellschaft MBH Lowers Position in Advanced Micro Devices, Inc.
Meag Munich Ergo Kapitalanlagegesellschaft MBH Has $745,000 Stock Position in Omnicom Group Inc.
Meag Munich Ergo Kapitalanlagegesellschaft MBH Has $745,000 Stock Position in Omnicom Group Inc.
Ecolab Inc.  Shares Sold by Meag Munich Ergo Kapitalanlagegesellschaft MBH
Ecolab Inc. Shares Sold by Meag Munich Ergo Kapitalanlagegesellschaft MBH


© 2006-2020 Ticker Report