SITE Centers (SITC) to Release Quarterly Earnings on Tuesday

SITE Centers (NYSE:SITC) is projected to post its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect SITE Centers to post earnings of ($0.21) per share and revenue of $43.58 million for the quarter.

SITE Centers Stock Performance

SITE Centers stock opened at $14.88 on Tuesday. SITE Centers has a 1-year low of $14.55 and a 1-year high of $32.22. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $780.00 million, a PE ratio of 1.09 and a beta of 1.61. The firm’s 50 day simple moving average is $15.29 and its 200 day simple moving average is $59.47.

Analysts Set New Price Targets

SITC has been the topic of a number of research analyst reports. StockNews.com assumed coverage on shares of SITE Centers in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Piper Sandler lowered their price target on SITE Centers from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Compass Point dropped their price target on SITE Centers from $64.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. KeyCorp reiterated a “sector weight” rating on shares of SITE Centers in a research report on Monday, October 7th. Finally, Wells Fargo & Company dropped their target price on SITE Centers from $17.50 to $17.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, SITE Centers has an average rating of “Hold” and an average target price of $35.75.

Insider Buying and Selling at SITE Centers

In related news, CEO David R. Lukes sold 168,895 shares of SITE Centers stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $15.39, for a total value of $2,599,294.05. Following the sale, the chief executive officer now owns 136,008 shares in the company, valued at $2,093,163.12. The trade was a 55.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dawn M. Sweeney sold 3,768 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $15.54, for a total transaction of $58,554.72. Following the transaction, the director now directly owns 29,082 shares in the company, valued at approximately $451,934.28. The trade was a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,457 shares of company stock worth $2,791,693. 10.10% of the stock is currently owned by insiders.

SITE Centers Company Profile

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.