1 day Ago By ABMN Staff
SITE Centers Corp. ( NYSE:SITC – Get Free Report )’s share price traded down 0.4% on Wednesday .
The company traded as low as $58.44 and last traded at $58.64.
665,544 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 498,436 shares. The stock had previously closed at $58.87.
Wall Street Analysts Forecast Growth Several research firms have issued reports on SITC. Evercore ISI upgraded shares of SITE Centers to a “hold” rating in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their target price on SITE Centers from $64.
00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Truist Financial upped their price target on SITE Centers from $56.
00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, Piper Sandler lifted their price objective on SITE Centers from $256.
00 to $288.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock.
According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $147.50.
Read Our Latest Stock Report on SITC SITE Centers Stock Performance SITE Centers ( NYSE:SITC – Get Free Report ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $17.76 earnings per share for the quarter, beating analysts’ consensus estimates of $3.
84 by $13.92. SITE Centers had a return on equity of 23.
05% and a net margin of 91.77%. The company had revenue of $113.
48 million for the quarter, compared to the consensus estimate of $113.23 million. During the same period in the previous year, the business earned $4.
64 earnings per share. The company’s quarterly revenue was down 16.5% on a year-over-year basis.
Sell-side analysts predict that SITE Centers Corp. will post 3.67 earnings per share for the current year.
Insider Buying and Selling at SITE Centers In related news, Director Alexander Otto sold 14,252 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $225.76, for a total transaction of $3,217,531.
52. Following the completion of the sale, the director now owns 1,079,267 shares in the company, valued at approximately $243,655,317.92.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . Insiders have sold 60,641 shares of company stock worth $13,940,447 over the last three months. Company insiders own 10.
10% of the company’s stock. Institutional Investors Weigh In On SITE Centers Large investors have recently bought and sold shares of the business. Chilton Capital Management LLC grew its holdings in SITE Centers by 384.
0% during the 1st quarter. Chilton Capital Management LLC now owns 1,936 shares of the company’s stock worth $28,000 after acquiring an additional 1,536 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of SITE Centers during the second quarter valued at approximately $42,000.
Quarry LP increased its holdings in shares of SITE Centers by 503.9% in the second quarter. Quarry LP now owns 3,424 shares of the company’s stock valued at $50,000 after purchasing an additional 2,857 shares in the last quarter.
O Shaughnessy Asset Management LLC acquired a new stake in shares of SITE Centers in the first quarter valued at approximately $147,000. Finally, Diversified Trust Co bought a new position in SITE Centers in the 2nd quarter worth approximately $152,000. 88.
70% of the stock is currently owned by institutional investors. About SITE Centers ( Get Free Report ) SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
Read More Receive News & Ratings for SITE Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SITE Centers and related companies with MarketBeat.com's FREE daily email newsletter ..
