SITE Centers Corp (NYSE: SITC) is 0.72% higher on its value in year-to-date trading and has touched a low of $10.19 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 $15.31 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $15.40, the stock is 1.69% and -0.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing 0.59% at the moment leaves the stock 17.56% off its SMA200. SITC registered 44.93% gain for a year compared to 6-month gain of 27.10%. The firm has a 50-day simple moving average (SMA 50) of $15.4426 and a 200-day simple moving average (SMA200) of $40.21744.
The stock witnessed a -0.58% loss in the last 1 month and extending the period to 3 months gives it a -9.31%, and is 4.48% 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 2.15% over the week and 2.24% over the month.
SITE Centers Corp (SITC) has around 220 employees, a market worth around $807.42M and $453.40M in sales. Current P/E ratio is 1.12. Profit margin for the company is 159.06%. Distance from 52-week low is 51.14% and -15.15% from its 52-week high. The company has generated returns on investments over the last 12 months (24.11%).
with sales reaching $42.91M over the same period.The EPS is expected to grow by 922.78% this year, but quarterly earnings will post -31.95% year-over-year. Quarterly sales are estimated to shrink -65.16% in year-over-year returns.
SITE Centers Corp (SITC) Top Institutional Holders
353.0 institutions hold shares in SITE Centers Corp (SITC), with institutional investors hold 100.80% of the company’s shares. The shares outstanding are 52.36M, and float is at 49.71M with Short Float at 8.68%. Institutions hold 94.76% 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 Cattonar John M, the company’s EVP & Chief Investment Officer. SEC filings show that Cattonar John M sold 8,794 shares of the company’s common stock on Dec 23 ’24 at a price of $15.22 per share for a total of $0.13 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Dec 17 ’24, Sweeney Dawn M. (Director) disposed off 7,490 shares at an average price of $15.40 for $0.12 million. The insider now directly holds 21,592 shares of SITE Centers Corp (SITC).
