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Saturday, December 9, 2023

What Are The Chances Of SITE Centers Corp (NYSE: SITC) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for SITE Centers Corp (SITC) shows that investor sentiment remained same, with the stock’s consolidated last price to $12.75. The SITE Centers Corp has recorded 56,181 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that SITE Centers Announces Spin-Off of Convenience Portfolio.

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Stocks Info

As a NYSE listed company, SITC falls under the Real Estate sector while operating within the REIT – Retail industry segment. At the end of the last regular session, the stock closed at $12.75 and fluctuated between $12.91 as its day high and $12.63 as its day low. The current market capitalization of SITE Centers Corp is $2.67B. A total of 1.77 million shares were traded on the day, compared to an average of 1.62M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SITC has seen 7 BUY and 2 SELL insider trades, representing the acquisition of 158,709 and the disposition of 26,354 shares. Over the last 12 months, there were 27 BUYs and 12 SELLs from insiders. Insiders purchased 851,691 shares during that period but sold 406,935.

In the most recent transaction, Fennerty Conor sold 12,000 shares of SITC for 13.26 per share on Jun 16. After the transaction, the EVP, CFO & Treasurer now owns 97,364 company shares. In a previous transaction on Dec 27, Cattonar John M sold 11,000 shares at 13.61 per share. SITC shares that EVP & Chief Investment Officer owns now total 40,922.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. SITE Centers Corp pays an annual dividend of $0.54, resulting in a dividend yield of 4.25%, and it has a price to earnings (P/E) ratio of 31.25. SITC’s most recent ex-dividend date was 12/8/2023 when it declared a $0.13 quarterly dividend that was paid in cash on 1/5/2024. Previously, the company paid the dividend on 10/12/2023 with an ex-dividend date of 9/25/2023. The SITC stock dividend was $0.13 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SITC in the last 3 months, the mean price target is $15.08 with high estimates of $21.00 and low estimates of $12.00. In terms of 52-week highs and lows, SITC has a high of $14.62 and a low of $10.88.

As of this writing, SITC has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.05 per share and a lower estimate of -$0.02. The company reported an EPS of $0.06 in the last quarter, which was 20.00% higher than expectations of $0.05.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SITC’s latest balance sheet shows that the firm has $41.81M in Cash & Short Term Investments as of fiscal 2021. There were $1.68B in debt and $28.24M in liabilities at the time. Its Book Value Per Share was $8.95, while its Total Shareholder’s Equity was $2.04B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.89.

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