SITE Centers Corp (NYSE:SITC) finished Wednesday with a subtraction of -$0.08 to close at $12.24, a downside of -0.65 percent. An average of 1,519,060 shares of common stock have been traded in the last five days. There was a fall of -$0.90 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 1,485,150 shares traded, while the 50-day average volume stands at 1,578,290.
SITC stock has decreased by -6.49% in the last month. The company shares reached their 1-month lowest point of $12.23 on 09/27/23. With the stock rallying to its 52-week high on 07/24/23, shares of the company touched a low of $10.42 and a high of $14.62 in 52 weeks. It has reached a new high 8 times so far this year and lost -10.40% or -$1.42 in price. In spite of this, the price is down -16.31% from the 52-week high.
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Insider Transactions
SITC stock investors should be aware that SITE Centers Corp (SITC) stock had its last reported insider trading activity 104 days ago on Jun 16. In this transaction, the insider spent $159,120. EVP & Chief Investment Officer, Cattonar John M, disposed of 11,000 shares at a price of $13.61 on Dec 27. The insider now owns more than $149,743 worth of shares.
Valuation Metrics
SITE Centers Corp (SITC) has a trailing price-to-earnings (P/E) ratio of 25.25. The stock’s beta is 1.58. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.61, the price-to-book (PB) ratio at 1.38, and the price-to-cash flow ratio at 13.59.
The company has a payout ratio of 70.81%. The company’s most recent quarterly dividend payment was $0.13 a share, without any change from last year. Its latest increase dividend $0.01 reported on Thursday February 10 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 0.92 and a total debt to equity ratio of 0.92 for the quarter ending June 29. Its gross profit as reported stood at $129.72 million compared to revenue of $552.35 million.
Earnings Surprise
For the three-month period that ended June 29, SITE Centers Corp had $1.8 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $2.56 million in the quarter, while revenues of $12.5 million were shrunk -2150.0%. The analyst consensus anticipated SITE Centers Corp’s latest quarter earnings to come in at $0.03 per share, but it turned out to be $0.01, a -66.70% surprise. For the quarter, EBITDA amounted to $82.47 million. At the end of the quarter ending June 29, SITE Centers Corp’s stock balance sheet showed total debt was $1.8 billion. Shareholders own equity worth $209.27 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at SITE Centers Corp (SITC) price momentum. RSI 9-day as of the close on 27 September was 21.70%, suggesting the stock is oversold, with historical volatility in this time frame at 8.89%.
As of today, SITC’s price is $12.50 -6.85% or -$0.90 from its 5-day moving average. SITC is currently trading -7.83% lower than its 20-day SMA and +2.68% higher than its 100-day SMA. However, the stock’s current price level is -13.98% below the SMA50 and -7.83% below the SMA200.
The stochastic %K and %D were 3.95% and 4.26%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 0.95% and the average true range at 0.29, the RSI (14) stands at 28.83%. The stock has reached -0.53 on the 9-day MACD Oscillator while the 14-day reading was at -0.77.
Analyst Ratings
Wells Fargo upgraded SITE Centers Corp (NYSE: SITC) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight.
