Wall Street brokerages expect SITE Centers Corp. (NASDAQ:SITC) to report earnings per share of $0.28 for the current quarter, according to Zacks. Five analysts have made estimates for SITE Centers’ earnings. SITE Centers posted earnings of $0.32 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.5%. The business is expected to announce its next earnings report on Tuesday, April 28th.

On average, analysts expect that SITE Centers will report full year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.17. For the next year, analysts expect that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $1.07 to $1.17. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow SITE Centers.

SITE Centers (NASDAQ:SITC) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.23). The business had revenue of $111.79 million during the quarter, compared to the consensus estimate of $111.53 million. During the same period last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year.

A number of analysts have weighed in on SITC shares. Morgan Stanley raised SITE Centers from an “equal” rating to an “equal weight” rating and increased their price objective for the stock from $13.50 to $16.00 in a research report on Tuesday, December 17th. BidaskClub cut SITE Centers from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Stifel Nicolaus raised SITE Centers from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday, November 21st. Citigroup increased their price objective on SITE Centers from $13.50 to $14.50 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, Compass Point cut SITE Centers from a “neutral” rating to a “sell” rating and set a $13.50 price objective for the company. in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. SITE Centers has a consensus rating of “Hold” and an average price target of $15.00.

Hedge funds have recently modified their holdings of the company. Huntington National Bank purchased a new position in SITE Centers in the 4th quarter valued at approximately $26,000. Ladenburg Thalmann Financial Services Inc. increased its stake in SITE Centers by 37.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,296 shares of the company’s stock valued at $43,000 after purchasing an additional 896 shares in the last quarter. NumerixS Investment Technologies Inc increased its stake in SITE Centers by 733.3% in the 4th quarter. NumerixS Investment Technologies Inc now owns 7,500 shares of the company’s stock valued at $105,000 after purchasing an additional 6,600 shares in the last quarter. Advisors Asset Management Inc. increased its stake in SITE Centers by 49.4% in the 4th quarter. Advisors Asset Management Inc. now owns 8,412 shares of the company’s stock valued at $118,000 after purchasing an additional 2,783 shares in the last quarter. Finally, Comerica Bank purchased a new position in SITE Centers in the 3rd quarter valued at approximately $157,000.

SITE Centers stock traded up $0.06 during mid-day trading on Friday, reaching $12.99. 1,625,048 shares of the company were exchanged, compared to its average volume of 1,468,144. SITE Centers has a twelve month low of $12.53 and a twelve month high of $15.85. The firm’s 50-day simple moving average is $13.19 and its two-hundred day simple moving average is $14.12.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date is Monday, March 9th.

SITE Centers Company Profile

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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Earnings History and Estimates for SITE Centers (NASDAQ:SITC)

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