NYSE:SITC SITE Centers (SITC) Stock Price, News & Analysis $60.66 -0.42 (-0.69%) (As of 08/21/2024 ET) Add Compare Share Share Today's Range$60.48▼$61.2850-Day Range$60.66▼$256.1652-Week Range$43.52▼$64.44Volume493,406 shsAverage Volume472,640 shsMarket Capitalization$12.71 billionP/E Ratio59.47Dividend Yield3.43%Price Target$240.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get SITE Centers alerts: Email Address SITE Centers MarketRank™ Stock AnalysisAnalyst RatingHold2.40 Rating ScoreUpside/Downside295.6% Upside$240.00 Price TargetShort InterestHealthy2.44% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.26Based on 3 Articles This WeekInsider TradingSelling Shares$22.78 M Sold Last QuarterProj. Earnings Growth-22.34%From $0.94 to $0.73 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.20 out of 5 starsFinance Sector337th out of 863 stocksReal Estate Investment Trusts Industry66th out of 176 stocks 3.2 Analyst's Opinion Consensus RatingSITE Centers has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageSITE Centers has only been the subject of 3 research reports in the past 90 days.Read more about SITE Centers' stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.44% of the float of SITE Centers has been sold short.Short Interest Ratio / Days to CoverSITE Centers has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in SITE Centers has recently decreased by 15.86%, indicating that investor sentiment is improving significantly. Previous Next 0.8 Dividend Strength Dividend YieldSITE Centers pays a meaningful dividend of 3.38%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSITE Centers does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of SITE Centers is 203.92%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, SITE Centers will have a dividend payout ratio of 284.93% in the coming year. This indicates that SITE Centers may not be able to sustain their current dividend.Read more about SITE Centers' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SITC. Previous Next 1.8 News and Social Media Coverage News SentimentSITE Centers has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for SITE Centers this week, compared to 3 articles on an average week.MarketBeat Follows1 people have added SITE Centers to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, SITE Centers insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,784,560.00 in company stock.Percentage Held by Insiders10.10% of the stock of SITE Centers is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions88.70% of the stock of SITE Centers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about SITE Centers' insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for SITE Centers are expected to decrease by -22.34% in the coming year, from $0.94 to $0.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of SITE Centers is 59.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.39.Price to Earnings Ratio vs. SectorThe P/E ratio of SITE Centers is 59.47, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 49.98.Price to Book Value per Share RatioSITE Centers has a P/B Ratio of 5.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about SITE Centers' valuation and earnings. 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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.Read More SITC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SITC Stock News HeadlinesAugust 19 at 12:04 PM | americanbankingnews.comSITE Centers (NYSE:SITC) Shares Gap Up to $61.44August 17, 2024 | msn.comWatch: Indoor Performance Center Construction TourAugust 22, 2024 | Darwin (Ad)Top Stock Unveiled!Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.August 15, 2024 | investing.comSite Centers Corp ADR Pref Class A (SITC_pa)August 7, 2024 | finance.yahoo.comSITE Centers Corp (DDR2.DU)August 7, 2024 | nasdaq.comWhy SITE Centers Is a Top 10 REIT Stock With 3.38% Yield (SITC)August 2, 2024 | markets.businessinsider.comStifel Nicolaus Reaffirms Their Buy Rating on SITE Centers (SITC)July 31, 2024 | markets.businessinsider.comMaintaining Hold on SITE Centers Amid Mixed Financial and Operational IndicatorsAugust 22, 2024 | Darwin (Ad)Top Stock Unveiled!Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.July 30, 2024 | finance.yahoo.comSITE Centers Reports Second Quarter 2024 ResultsJuly 30, 2024 | seekingalpha.comSITE Centers Corp. (SITC) Q2 2024 Earnings Call TranscriptJuly 30, 2024 | seekingalpha.comSITE Centers Corp. 2024 Q2 - Results - Earnings Call PresentationJuly 30, 2024 | investorplace.comSITC Stock Earnings: SITE Centers Beats EPS, Misses Revenue for Q2 2024July 24, 2024 | cbsnews.comUnited Center's 1901 Project aims to transform Chicago's West SideJuly 24, 2024 | msn.comMassive, $7 billion-proposed transformation of United Center site unveiledJuly 24, 2024 | msn.comRenderings: Big plans to transform the United CenterJune 13, 2024 | businesswire.comSITE Centers Announces Sale of Six-Property PortfolioJune 3, 2024 | businesswire.comSITE Centers Provides 2024 Transaction and Financing UpdateSee More Headlines Receive SITC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for SITE Centers and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/9 Dividend6/18/2024Dividend Payable7/09/2024Last Earnings7/30/2024Today8/22/2024Next Earnings (Estimated)11/04/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryTrading Current SymbolNYSE:SITC CUSIPN/A CIK894315 Webwww.sitecenters.com Phone(216) 755-5500Fax216-755-1500Employees270Year FoundedN/APrice Target and Rating Average Stock Price Target$240.00 High Stock Price Target$288.00 Low Stock Price Target$176.00 Potential Upside/Downside+295.6%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$1.02 Trailing P/E Ratio59.47 Forward P/E Ratio64.53 P/E GrowthN/ANet Income$265.70 million Net Margins91.77% Pretax Margin92.17% Return on Equity23.05% Return on Assets11.48% Debt Debt-to-Equity Ratio0.70 Current Ratio7.36 Quick Ratio3.54 Sales & Book Value Annual Sales$507.19 million Price / Sales25.06 Cash Flow$9.04 per share Price / Cash Flow6.71 Book Value$10.30 per share Price / Book5.89Miscellaneous Outstanding Shares209,543,000Free Float188,379,000Market Cap$12.71 billion OptionableOptionable Beta1.64 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. David R. Lukes (Age 54)President, CEO & Director Comp: $3.19MMr. Conor M. Fennerty (Age 38)Executive VP, CFO & Treasurer Comp: $1.49MMr. John M. Cattonar (Age 42)Executive VP & Chief Investment Officer Comp: $1.24MMs. Christina M. Yarian (Age 46)Senior VP & Chief Accounting Officer Monica KukrejaCapital Markets & Investor RelationsMr. Aaron M. Kitlowski J.D. (Age 51)Executive VP, General Counsel & Corporate Secretary Ms. Kim M. ScharfSenior Vice President of Information TechnologyMr. Jeff ScottSenior Vice President of Property ReportingMr. Robert SiebenschuhSenior Vice President of Property Accounting OperationsMr. Joseph E. ChuraSenior Vice President of Property OperationsMore ExecutivesKey CompetitorsRegency CentersNASDAQ:REGW. P. CareyNYSE:WPCJefferies Financial GroupNYSE:JEFHost Hotels & ResortsNASDAQ:HSTRexford Industrial RealtyNYSE:REXRView All CompetitorsInsiders & InstitutionsAlgert Global LLCBought 162,260 shares on 8/16/2024Ownership: 0.197%Quarry LPBought 2,857 shares on 8/16/2024Ownership: 0.002%Millennium Management LLCSold 69,226 shares on 8/15/2024Ownership: 0.862%The Manufacturers Life Insurance Company Bought 1,751 shares on 8/15/2024Ownership: 0.050%AQR Capital Management LLCSold 4,393 shares on 8/15/2024Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions SITC Stock Analysis - Frequently Asked Questions How have SITC shares performed this year? SITE Centers' stock was trading at $218.08 at the start of the year. Since then, SITC shares have decreased by 72.2% and is now trading at $60.66. View the best growth stocks for 2024 here. How were SITE Centers' earnings last quarter? SITE Centers Corp. (NYSE:SITC) announced its quarterly earnings results on Tuesday, July, 30th. The company reported $17.76 earnings per share for the quarter, beating analysts' consensus estimates of $3.84 by $13.92. The business's quarterly revenue was down 16.5% compared to the same quarter last year. When did SITE Centers' stock split? Shares of SITE Centers reverse split on Monday, August 19th 2024. The 1-4 reverse split was announced on Monday, August 19th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Monday, August 19th 2024. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split. Who are SITE Centers' major shareholders? SITE Centers' top institutional investors include Long Pond Capital LP (2.66%), Daiwa Securities Group Inc. (1.43%), Dimensional Fund Advisors LP (1.30%) and Bank of New York Mellon Corp (0.97%). Insiders that own company stock include Alexander Otto, David R Lukes, Conor Fennerty, John M Cattonar and Christa A Vesy. View institutional ownership trends. How do I buy shares of SITE Centers? Shares of SITC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:SITC) was last updated on 8/22/2024 by MarketBeat.com Staff From Our PartnersWhat Is the $7,882 Stimulus Payment 2024?Biden’s government just announced a new government "stimulus program"... 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