SITE Centers Corp (NYSE: SITC) is -19.10% lower on its value in year-to-date trading and has touched a low of $10.45 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 $11.47 in the last trading session, with the day’s gains setting it 0.9%.
Currently trading at $12.37, the stock is 4.36% and 4.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.15 million and changing 7.85% at the moment leaves the stock -11.10% off its SMA200. SITC registered 9.88% gain for a year compared to 6-month loss of -20.76%.
The stock witnessed a -1.20% gain in the last 1 month and extending the period to 3 months gives it a -3.74%, and is 3.26% 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 4.83% over the week and 2.42% over the month.
SITE Centers Corp (SITC) has around 172 employees, a market worth around $648.74M and $284.23M in sales. Current P/E ratio is 1.20. Profit margin for the company is 191.44%. Distance from 52-week low is 18.32% and -31.85% from its 52-week high. The company has generated returns on investments over the last 12 months (65.53%).
with sales reaching $33.1M over the same period.The EPS is expected to shrink by -106.22% this year, but quarterly earnings will post -47.36% year-over-year. Quarterly sales are estimated to shrink -71.00% in year-over-year returns.
The shares outstanding are 52.20M, and float is at 49.59M with Short Float at 5.22%.
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 16.5835 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 14.0904 of the shares outstanding. The other top investors are FMR LLC which holds 24.55 million shares representing 11.7172 and valued at over $356.03 million, while STATE STREET CORP holds 5.1656 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).
