Does SITE Centers Corp. (SITC) Have Insiders Selling Shares?


As of Friday close, SITE Centers Corp.’s (NYSE:SITC) stock was down -$0.35, moving down -2.91 percent to $11.69. The average number of shares traded per day over the past five days has been 2,976,960 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.48 fall in that time frame. In the last twenty days, the average volume was 1,818,515, while in the previous 50 days, it was 1,757,280.

Since last month, SITC stock retreated -15.66%. Shares of the company fell to $11.48 on 03/17/23, the lowest level in the past month. A 52-week high of $17.22 was reached on 02/02/23 after having rallying from a 52-week low of $10.42. Since the beginning of this year, SITC’s stock price has dropped by -14.42% or -$1.97, and marked a new high 3 times. However, the stock has declined by -32.11% since its 52-week high.

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SITC stock investors should be aware that SITE Centers Corp. (SITC) stock had its last reported insider trading activity 81 days ago on Dec 27. Cattonar John M, the EVP & Chief Investment Officer of the company, disposed of 11,000 shares for $13.61 on Dec 27. It resulted in a $149,743 divestment by the insider. Lukes David R sold 310,797 shares at an average price of $16.59 on Apr 28. The insider now owns 1,164,513 shares following the transaction. On Mar 29, EVP & CAO Vesy Christa A sold 35,000 shares at $16.88 apiece. The transaction was valued at $590,765.

Valuation Metrics

Right now, SITE Centers Corp. (SITC) has a P/E ratio of about 15.95. The stock’s beta is 1.58. Besides these, the trailing price-to-sales (P/S) ratio of 4.62, the price-to-book (PB) ratio of 1.30, and the price-to-cash flow ratio of 113.34 may also be considered.

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 December 30 was 0.89, and the total debt-to-equity ratio was 0.89. On the profitability front, the trailing twelve-month gross margin is 69.20% percent. In the year ended December 30, operating margins totaled 31.70%. Based on annual data, SITC earned $129.72 million in gross profit and brought in $552.35 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.80%. Return on equity (ROE) for the past 12 months was 8.20%.

In SITE Centers Corp.’s quarter-end financial report for December 30, it reported total debt of $1.71 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 2.94% to $138.84 million during the quarter, while net income inched up to $138.51 million. While analysts expected SITE Centers Corp. to report $0.06 quarterly earnings, the actual figure was $0.12 per share. During the quarter, the company generated $86.92 million in EBITDA. The value of shareholders’ equity is $210.37 million.

Technical Picture

This quick technical analysis looks at SITE Centers Corp.’s (SITC) price momentum. With a historical volatility rate of 36.24%, the RSI 9-day stood at 22.86% on 17 March.

With respect to its five-day moving average, the current SITE Centers Corp. price is down by -3.94% percent or -$0.48. At present, SITC shares trade -15.41% below its 20-day simple moving average and +1.12% percent above its 100-day simple moving average. However, the stock is currently trading approximately -14.73% below its SMA50 and -25.64% below its SMA200.

Stochastic coefficient K was 13.06% and Stochastic coefficient D was 17.08%, while ATR was 0.39. Given the Stochastic reading of 9.63% for the 14-day period, the RSI (14) reading has been calculated as 27.88%. As of today, the MACD Oscillator reading stands at -0.33, while the 14-day reading stands at -0.66.

Analyst Ratings

SITE Centers Corp. downgraded its rating on SITE Centers Corp. (NYSE: SITC) to a Neutral in a note to investors on January 10, 2023. The analysts firm previously had a Buy rating on the stock.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 0 analysts rate SITE Centers Corp. stock as buy, with 4 recommending it as overweight.

With a median target price of $14.00, the current consensus forecast for the stock is $13.00 – $21.00. Based on these forecasts, analysts predict SITE Centers Corp. (SITC) will achieve an average price target of $14.85.


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