SITE Centers Corp (NYSE: SITC) is -17.20% lower on its value in year-to-date trading and has touched a low of $10.23 and a high of $18.15 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 $12.76 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $12.66, the stock is -8.91% and -13.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -0.78% at the moment leaves the stock -8.01% off its SMA200. SITC registered 16.86% gain for a year compared to 6-month gain of 13.20%. The firm has a 50-day simple moving average (SMA 50) of $14.6174 and a 200-day simple moving average (SMA200) of $32.32704.
The stock witnessed a -15.71% loss in the last 1 month and extending the period to 3 months gives it a -17.95%, and is -3.06% 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 3.02% over the week and 2.89% over the month.
SITE Centers Corp (SITC) has around 172 employees, a market worth around $663.77M and $363.24M in sales. Current P/E ratio is 1.30. Profit margin for the company is 141.67%. Distance from 52-week low is 23.76% and -30.25% from its 52-week high. The company has generated returns on investments over the last 12 months (59.74%).
The EPS is expected to shrink by -115.03% this year
320.0 institutions hold shares in SITE Centers Corp (SITC), with institutional investors hold 121.41% of the company’s shares. The shares outstanding are 52.19M, and float is at 49.62M with Short Float at 9.70%. Institutions hold 114.14% 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).
