Mizuho lifts SITE Centers Corp. [SITC] price estimate. Who else is bullish?
Site Centers Corporation. [NYSE: SITC] A -4.30% loss in the last trading session, to $11.56 per share price at that time. Company report on 7 September 2022 that SITE Centers announces a common stock dividend of $0.13 for the third quarter of 2022.
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SITE Centers Corp (NYSE: SITC), owner of suburban outdoor shopping malls, and high-income families-friendly communities, today announced a dividend of $0.13 per share for the third quarter of 2008 on its common stock. 2022. October 7, 2022 for registered shareholders at the close of business on September 20, 2022.
SITE Centers Corp represents 213.86 million shares traded, while the company’s total market capitalization is $2.43 billion with the latest information. SITC’s share price is found in the range from $11.53 to $12.10.
If compared to the average trading volume of 1.72 million shares, SITC’s trading volume reached 2453708 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what top stock market experts are saying about SITE Centers Corp. [SITC]:
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a target price for SITC’s stock is $16.33 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for SITC stock is a set recommendation at 2.40. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Mizuho made an estimate for SITE Centers Corp shares, keeping their opinion of the stock as Buy, with their previous recommendation back on August 16, 2022. While these analysts held the previous recommendation, Wolfe Research raised the target price to Outperform. The new note about price target was released on September 23, 2021, which is the official target price for SITE Centers Corp stock. Previously, the price target had another boost to $15, while KeyBanc Capital Markets analysts maintained an overweight rating on SITC’s stock. On January 14, 2021, analysts raised the target price for the company’s shares from 11 to 13.
The Average True Range (ATR) for SITE Centers Corp is set at 0.40, with the price-to-sales ratio for SITC’s stock in the past 12 months at 4.47. The price-to-book ratio for the last quarter was 1.29, with the price-to-cash-to-cash ratio for the same quarter set at 0.18. SITC’s free cash flow rate for the past 12 months was 37.01.
Trading performance analysis for SITC stock
Site Centers Corporation. [SITC] It fell into the red at the end of last week, fell in a negative trend and fell by -8.33. With this latest performance, SITC shares are down -16.23% over the past four-week period, as well as down -27.25% over the past six months – not to mention a -27.02% drop in the past year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the SITC stock for the past two weeks was set at 25.84, with the RSI for the last one trading at 20.09, and the three-week RSI set at 30.51 for SITE Centers Corp. [SITC]. The current moving average for the last 50 trading days for this stock is 13.71 while it recorded at 12.33 for the last trading week, and 14.86 for the last 200 days.
Site Centers Corporation. [SITC]A deeper look at fundamental analysis
Operating margin for any stock indicates how profitable the investment is, SITE Centers Corp. [SITC] The stock currently has an operating margin of +26.60 and a gross margin of +35.33. SITE Centers Corp’s net margin is currently at +23.76.
The return on equity for this stock rose to 6.25, with the return on assets remaining at 3.08.
Site Centers Corporation. [SITC]Earnings per share (EPS) analysis
The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on SITC’s 5-year EPS growth forecast. When it comes to the stated value, analysts expect SITE Centers Corp’s 5-year EPS growth rate to rise to -6.04%.
Internal Ownership Analysis at SITE Centers Corp. [SITC]
There are currently approximately $2,190 million, or 89.90% of SITC’s stock, in the hands of institutional investors. The three largest institutional owners of SITC shares are: VANGUARD GROUP INC with ownership of 30,740,307, which represents approximately 4.139% of the company’s market capitalization and about 9.90% of the total institutional ownership; BLACKROCK INC. , owns 30,413,055 shares with an approximate value of $351.57 million in SITC stock; and STATE STREET CORP, currently with $132.6 million in SITC stock with ownership of approximately 6.174% of the company’s market value.
Positions in SITE Centers Corp shares held by institutional investors increased at the end of July and at the time of the July report, as 137 institutional owners consolidated their positions in SITE Centers Corp. [NYSE:SITC] About 176,27589 shares. In addition, 103 investors decreased their positions by 19,336,814 shares, while 38 investors occupied positions by 152.516,280 shares. The said changes put institutional holdings at 1,894,80,683 shares, according to the latest report from the Securities and Exchange Commission. The company’s stock included 27 new institutional investments totaling 2,985,237 shares, while 32 institutional investors sold positions worth 3,450,667 shares during the same period.