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Wednesday, February 1, 2023

SITE Centers Corp. (NYSE: SITC) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for SITE Centers Corp. (SITC) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $13.22. The SITE Centers Corp. has recorded 21,305 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that SITE Centers Provides Fourth Quarter 2022 and YTD 2023 Transaction Update.

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Stocks Info

SITE Centers Corp. is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Retail industry. At the end of the last regular session, the stock closed at $13.22 and fluctuated between $13.39 as its day high and $13.21 as its day low. The current market capitalization of SITE Centers Corp. is $2.86B. A total of 1.14 million shares were traded on the day, compared to an average of 1.99M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SITC has seen 4 BUY and 2 SELL insider trades, representing the acquisition of 8,332 and the disposition of 15,938 shares. Over the last 12 months, there were 18 BUYs and 14 SELLs from insiders. Insiders purchased 635,097 shares during that period but sold 721,697.

In the most recent transaction, Cattonar John M sold 11,000 shares of SITC for 13.61 per share on Dec 27. After the transaction, the EVP & Chief Investment Officer now owns 40,922 company shares. In a previous transaction on Apr 28, Lukes David R sold 310,797 shares at 16.59 per share. SITC shares that President & CEO owns now total 1,164,513.

Among the insiders who sold shares, Vesy Christa A disposed of 35,000 shares on Mar 29 at a per-share price of $16.88. This resulted in the EVP & CAO holding 89,309 shares of SITC after the transaction. In another insider transaction, Fennerty Conor sold 9,500 shares at $16.18 per share on Mar 22. Company shares held by the EVP, CFO & Treasurer now total 86,533.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. SITE Centers Corp. pays an annual dividend of $0.52, resulting in a dividend yield of 3.93%, and it has a price to earnings (P/E) ratio of 15.09. SITC’s most recent ex-dividend date was 12/8/2022 when it declared a $0.13 quarterly dividend that was paid in cash on 1/6/2023. Previously, the company paid the dividend on 10/7/2022 with an ex-dividend date of 9/19/2022. The SITC stock dividend was $0.13 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SITC in the last 3 months, the mean price target is $14.88 with high estimates of $21.00 and low estimates of $13.00. In terms of 52-week highs and lows, SITC has a high of $17.22 and a low of $10.42.

As of this writing, SITC has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.17 per share and a lower estimate of $0.01. The company reported an EPS of $0.27 in the last quarter, which was 575.00% higher than expectations of $0.04.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SITC is Hold with a score of 3.73. A total of 4 analysts rated the stock as Buy while 1 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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