SITE Centers (SITC) Expected to Announce Quarterly Earnings on Thursday

SITE Centers (NYSE:SITC) is projected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $43.58 million for the quarter.

SITE Centers Stock Down 0.0 %

SITE Centers stock opened at $14.62 on Tuesday. The company has a market cap of $766.26 million, a P/E ratio of 1.07 and a beta of 1.60. SITE Centers has a 1-year low of $14.47 and a 1-year high of $32.22. The company has a fifty day simple moving average of $15.08 and a 200 day simple moving average of $34.96. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.12.

Insider Transactions at SITE Centers

In other news, Director Dawn M. Sweeney sold 3,768 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $15.54, for a total transaction of $58,554.72. Following the completion of the sale, the director now owns 29,082 shares in the company, valued at approximately $451,934.28. This trade represents a 11.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John M. Cattonar sold 8,794 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $133,844.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 181,457 shares of company stock worth $2,791,693. 10.10% of the stock is owned by insiders.

Analysts Set New Price Targets

SITC has been the subject of a number of analyst reports. Piper Sandler decreased their target price on shares of SITE Centers from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company decreased their target price on shares of 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. Citigroup decreased their target price on shares of SITE Centers from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, StockNews.com started coverage on shares of SITE Centers in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $35.75.

About SITE Centers

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.