Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
SITE Centers (SITC)
NYSE:SITC
Holding SITC?
Track your performance easily
SITC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$43.52 - $64.44
Previous Close$60.49
Volume542.24K
Average Volume (3M)529.86K
Market Cap
$3.17B
Enterprise Value$3.30B
Total Cash (Recent Filing)$1.18B
Total Debt (Recent Filing)$1.31B
Price to Earnings (P/E)7.1
Beta1.19
Next Earnings
Oct 29, 2024EPS Estimate
-$0.12Last Dividend Ex-Date
Jun 18, 2024Dividend Yield3.44%
Share Statistics
EPS (TTM)8.52
Shares Outstanding52,390,515
10 Day Avg. Volume806,626
30 Day Avg. Volume529,856
Standard Deviation0.13
R-Squared0.42
Alpha-0.00644
Financial Highlights & Ratios
Price to Book (P/B)1.47
Price to Sales (P/S)6.24
Price to Cash Flow (P/CF)11.90
P/FCF Ratio809.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.51
Enterprise Value/Gross Profit8.68
Enterprise Value/Ebitda15.43
Forecast
1Y Price Target
$63.88Price Target Upside8.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
SITE Centers News
PremiumCompany Announcements
SITE Centers Announces Spin-Off and Board RestructuringBulls Say, Bears Say
Bulls Say
Asset DispositionSITC disposed $771.5m of assets at a ~7.1% GAAP cap rate, bringing the year-to-date sales to $839m, with at least another $1bn in the pipeline.
Earnings2Q24 FFO per share of $0.27 beat consensus and Truist Securities' estimates of $0.24 and $0.25 per share, respectively.
LeasingBlended GAAP lease spreads were up by 18.4%, with renewals at 14.8%, indicating favorable leasing terms.
Bears Say
Core OperationsSequential leased occupancy dipped by 30bps QoQ, indicating a slight softness in core operations.
Leasing VolumesLeasing volumes of 593k was lighter than past trends, but portfolio size is smaller for perspective.
Occupancy RatesSame store leased occupancy declined 150bps YoY to 93.2%, sequentially it appears to have dropped 100bps.
---
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
SITC FAQ
What was SITE Centers’s price range in the past 12 months?
SITE Centers lowest stock price was $43.52 and its highest was $64.44 in the past 12 months.
What is SITE Centers’s market cap?
Currently, no data Available
When is SITE Centers’s upcoming earnings report date?
SITE Centers’s upcoming earnings report date is Oct 29, 2024 which is in 39 days.
How were SITE Centers’s earnings last quarter?
SITE Centers released its earnings results on Jul 30, 2024. The company reported $4.44 earnings per share for the quarter, beating the consensus estimate of $0.144 by $4.296.
Is SITE Centers overvalued?
According to Wall Street analysts SITE Centers’s price is currently Undervalued.
Does SITE Centers pay dividends?
SITE Centers pays a Notavailable dividend of $0.52 which represents an annual dividend yield of 3.44%. See more information on SITE Centers dividends here
What is SITE Centers’s EPS estimate?
SITE Centers’s EPS estimate is -$0.12.
How many shares outstanding does SITE Centers have?
SITE Centers has 52,390,514 shares outstanding.
What happened to SITE Centers’s price movement after its last earnings report?
SITE Centers reported an EPS of $4.44 in its last earnings report, beating expectations of $0.144. Following the earnings report the stock price went up 2.628%.
Which hedge fund is a major shareholder of SITE Centers?
Among the largest hedge funds holding SITE Centers’s share is Fisher Asset Management LLC. It holds SITE Centers’s shares valued at 19M.
---
SITE Centers Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$63.88 (8.51% Upside)
$63.88 (8.51% Upside)
Blogger Sentiment
Bullish
SITC Sentiment 75%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 39.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $44.6M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
16.19%
12-Months-Change
Fundamentals
Return on Equity
21.06%
Trailing 12-Months
Asset Growth
-0.38%
Trailing 12-Months
Company Description
SITE Centers
SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company was founded in 1965 and is headquartered in Beachwood, OH.
---
SITC Company Deck
---
SITC Earnings Call
Q2 2024
0:00 / 0:00
---
SITC Stock 12 Month Forecast
Average Price Target
$63.88
▲(8.51% Upside)
Technical Analysis
Best Analysts Covering SITC
1 Year
1 Year Success Rate
7/13 ratings generated profit
1 Year Average Return
+5.55%
reiterated a buy rating 2 months ago
Copying Alexander Goldfarb's trades and holding each position for 1 Year would result in 53.85% of your transactions generating a profit, with an average return of +5.55% per trade.
---