SITE Centers (NASDAQ:SITC) Updates FY 2020 Pre-Market Earnings Guidance
SITE Centers (NASDAQ:SITC) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of 1.10-1.14 for the period. SITE Centers also updated its FY20 guidance to $1.10 to $1.14 EPS.
Several research firms recently commented on SITC. Compass Point lowered shares of SITE Centers from a neutral rating to a sell rating and set a $13.50 price objective on the stock. in a research note on Monday, November 25th. Morgan Stanley raised shares of SITE Centers from an equal rating to an equal weight rating and boosted their price objective for the stock from $13.50 to $16.00 in a research note on Tuesday, December 17th. Stifel Nicolaus raised shares of SITE Centers from a hold rating to a buy rating and set a $16.00 price objective on the stock in a research note on Thursday, November 21st. Citigroup boosted their price objective on shares of SITE Centers from $13.50 to $14.50 and gave the stock a neutral rating in a research note on Wednesday, December 4th. Finally, BidaskClub lowered shares of SITE Centers from a hold rating to a sell rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. SITE Centers currently has a consensus rating of Hold and a consensus target price of $15.00.
Shares of NASDAQ SITC traded up $0.06 during midday trading on Friday, hitting $12.99. The stock had a trading volume of 1,625,048 shares, compared to its average volume of 1,468,144. The business’s 50 day moving average is $13.19 and its 200-day moving average is $14.12. SITE Centers has a 52 week low of $12.53 and a 52 week high of $15.85.
The company 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 $0.20 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.80 annualized dividend and a dividend yield of 6.16%.
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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