SITE Centers Corp (NYSE: SITC) is 55.92% higher on its value in year-to-date trading and has touched a low of $8.39 and a high of $18.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SITC stock was last observed hovering at around $17.06 in the last trading session, with the day’s loss setting it -0.48%.
Currently trading at $16.58, the stock is 41.08% and 39.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.28 million and changing -2.81% at the moment leaves the stock 48.14% off its SMA200. SITC registered 77.70% gain for a year compared to 6-month gain of 50.83%. The firm has a 50-day simple moving average (SMA 50) of $53.46477 and a 200-day simple moving average (SMA200) of $55.66899.
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The stock witnessed a 46.41% loss in the last 1 month and extending the period to 3 months gives it a 46.67%, and is 43.21% up 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 3.15% over the week and 2.22% over the month.
SITE Centers Corp (SITC) has around 220 employees, a market worth around $868.63M and $473.45M in sales. Current P/E ratio is 1.95. Profit margin for the company is 94.61%. Distance from 52-week low is 97.63% and -8.65% from its 52-week high. The company has generated returns on investments over the last 12 months (11.53%).
SITE Centers Corp quarterly earnings per share for the current quarter are estimated at 0.04 with sales reaching $107.93M over the same period.The EPS is expected to shrink by -10.76% this year, but quarterly earnings will post -21.90% year-over-year. Quarterly sales are estimated to shrink -24.60% in year-over-year returns.
351.0 institutions hold shares in SITE Centers Corp (SITC), with institutional investors hold 101.63% of the company’s shares. The shares outstanding are 52.26M, and float is at 47.86M with Short Float at 3.18%. Institutions hold 92.71% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 34.75 million shares valued at $503.89 million. The investor’s holdings represent 16.6047 of the SITC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 29.53 million shares valued at $428.14 million to account for 14.1083 of the shares outstanding. The other top investors are FMR LLC which holds 24.55 million shares representing 11.7321 and valued at over $356.03 million, while STATE STREET CORP holds 5.1722 of the shares totaling 10.82 million with a market value of $158.35 million.
SITE Centers Corp (SITC) Insider Activity
The most recent transaction is an insider sale by Fennerty Conor, the company’s EVP, CFO & Treasurer. SEC filings show that Fennerty Conor sold 5,850 shares of the company’s common stock on Aug 21 ’24 at a price of $60.54 per share for a total of $0.35 million. Following the sale, the insider now owns 41709.0 shares.
Still, SEC filings show that on Jul 31 ’24, Otto Alexander (Director) disposed off 424,355 shares at an average price of $15.61 for $6.62 million. The insider now directly holds 16,158,628 shares of SITE Centers Corp (SITC).
