Analysts Set SITE Centers Corp. (NASDAQ:SITC) Price Target at $14.00
SITE Centers Corp. (NASDAQ:SITC) has earned a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.00.
Separately, Compass Point initiated coverage on SITE Centers in a research report on Thursday, August 15th. They set a “neutral” rating and a $14.00 price objective on the stock.
Hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of SITE Centers by 37.3% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,296 shares of the company’s stock valued at $43,000 after buying an additional 896 shares in the last quarter. Phocas Financial Corp. purchased a new position in shares of SITE Centers during the 2nd quarter valued at about $7,244,000. Machina Capital S.A.S. purchased a new position in shares of SITE Centers during the 2nd quarter valued at about $74,000. SRS Capital Advisors Inc. purchased a new position in shares of SITE Centers during the 2nd quarter valued at about $76,000. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of SITE Centers during the 1st quarter valued at about $108,000.
SITE Centers (NASDAQ:SITC) last released its quarterly earnings results on Monday, July 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.23). The business had revenue of $113.50 million during the quarter, compared to analyst estimates of $113.12 million. The firm’s quarterly revenue was down 44.4% compared to the same quarter last year.
About SITE Centers
SITE is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. 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.
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