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SITE Centers Corp. (SITC) Review – Making Smarter Decisions

SITE Centers Corp. (NYSE: SITC) is -14.71% lower on its value in year-to-date trading and has touched a low of $10.42 and a high of $16.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SITC stock was last observed hovering at around $11.99 in the last trading session, with the day’s loss setting it -0.34% off its average median price target of $14.00 for the next 12 months. It is also 44.52% off the consensus price target high of $21.00 offered by 14 analysts, but current levels are 2.92% higher than the price target low of $12.00 for the same period.

Currently trading at $11.65, the stock is -2.17% and -2.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing -2.84% at the moment leaves the stock -8.32% off its SMA200. SITC registered -18.89% loss for a year compared to 6-month loss of -11.74%. The firm has a 50-day simple moving average (SMA 50) of $7.96 and a 200-day simple moving average (SMA200) of $9.65.

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The stock witnessed a -4.59% gain in the last 1 month and extending the period to 3 months gives it a -14.40%, and is -1.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.99% over the week and 2.73% over the month.

SITE Centers Corp. (SITC) has around 267 employees, a market worth around $2.45B and $556.70M in sales. Current P/E ratio is 15.74 and Fwd P/E is 65.45. Profit margin for the company is 28.50%. Distance from 52-week low is 11.80% and -27.36% from its 52-week high. The company has generated returns on investments over the last 12 months (4.80%).

SITE Centers Corp. (SITC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for SITE Centers Corp. (SITC) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.50, where 10 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

SITE Centers Corp. is expected to release its quarterly report on 07/27/2023.The EPS is expected to grow by 45.50% this year

SITE Centers Corp. (SITC) Top Institutional Holders

The shares outstanding are 209.97M, and float is at 176.38M with Short Float at 4.10%.

SITE Centers Corp. (SITC) Insider Activity

A total of 18 insider transactions have happened at SITE Centers Corp. (SITC) in the last six months, with sales accounting for 7 and purchases happening 11 times. The most recent transaction is an insider sale by Cattonar John M, the company’s EVP & Chief Investment Officer. SEC filings show that Cattonar John M sold 11,000 shares of the company’s common stock on Dec 27 at a price of $13.61 per share for a total of $0.15 million. Following the sale, the insider now owns 40922.0 shares.

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