Are You Interested In Investing In SITE Centers Corp. (SITC)? Check This Out First

As of Friday close, SITE Centers Corp.’s (NYSE:SITC) stock was up $0.51, moving up 3.51 percent to $15.06. The average number of shares traded per day over the past five days has been 2,215,640 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.30 fall in that time frame. In the last twenty days, the average volume was 2,203,395, while in the previous 50 days, it was 1,968,298.

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Since last month, SITC stock retreated -8.23%. Shares of the company fell to $14.15 on 05/12/22, the lowest level in the past month. A 52-week high of $17.61 was reached on 04/26/22 after having rallying from a 52-week low of $13.98. Since the beginning of this year, SITC’s stock price has dropped by -4.86% or -$0.77, and marked a new high 9 times. However, the stock has declined by -14.48% since its 52-week high.

SITE Centers Corp. (SITC) last reported insider trading activity 16 days ago on Apr 28. Lukes David R, the President & CEO of the company, disposed of 310,797 shares for $16.59 on Apr 28. It resulted in a $5,155,283 divestment by the insider. Vesy Christa A sold 35,000 shares at an average price of $16.88 on Mar 29. The insider now owns 89,309 shares following the transaction. On Mar 22, EVP, CFO & Treasurer Fennerty Conor sold 9,500 shares at $16.18 apiece. The transaction was valued at $153,710.

Valuation Metrics

Right now, SITE Centers Corp. (SITC) has a P/E ratio of about 30.18. The stock’s beta is 1.55. Besides these, the trailing price-to-sales (P/S) ratio of 6.06, the price-to-book (PB) ratio of 1.70.

The latest dividend of $0.13 per share was paid out, remained unchanged from last year’s $0.13. On Thursday February 10 2022, a $0.01 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.94, and the total debt-to-equity ratio was 0.94. On the profitability front, the trailing twelve-month gross margin is 71.20% percent. Based on annual data, SITC earned $131.99 million in gross profit and brought in $532.86 million in revenue.

In SITE Centers Corp.’s quarter-end financial report for September 29, it reported total debt of $1.76 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SITC’s revenue rose 12.22% to $134.44 million during the quarter, while net income inched up to $134.32 million. While analysts expected SITE Centers Corp. to report $0.04 quarterly earnings, the actual figure was $0.12 per share. During the quarter, the company generated $81.09 million in EBITDA. The value of shareholders’ equity is $213.83 million.

Technical Picture

This quick technical analysis looks at SITE Centers Corp.’s (SITC) price momentum. With a historical volatility rate of 55.87%, the RSI 9-day stood at 42.35% on 13 May.

With respect to its five-day moving average, the current SITE Centers Corp. price is down by -1.95% percent or -$0.30. At present, SITC shares trade -8.23% below its 20-day simple moving average and +4.37% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.82% below its SMA50 and -6.11% below its SMA200.

Stochastic coefficient K was 14.45% and Stochastic coefficient D was 8.55%, while ATR was 0.58. Given the Stochastic reading of 29.64% for the 14-day period, the RSI (14) reading has been calculated as 41.99%. As of today, the MACD Oscillator reading stands at -0.50, while the 14-day reading stands at -0.91.

Analyst Ratings

Wolfe Research launched its rating on SITE Centers Corp. (NYSE: SITC) to an Outperform in a note to investors on September 23, 2021. SITE Centers Corp. (SITC) has been rated Overweight by analysts. According to 0 brokerage firms , SITC is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate SITE Centers Corp. stock as buy, with 5 recommending it as overweight.

With a median target price of $17.50, the current consensus forecast for the stock is $15.00 – $22.00. Based on these forecasts, analysts predict SITE Centers Corp. (SITC) will achieve an average price target of $18.11.


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