SITE Centers (SITC) Expected to Announce Quarterly Earnings on Thursday

SITE Centers (NYSE:SITC) will likely be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect SITE Centers to post earnings of $0.23 per share and revenue of $43.58 million for the quarter.

SITE Centers Price Performance

SITC stock opened at $14.62 on Tuesday. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.12. SITE Centers has a 12 month low of $14.47 and a 12 month high of $32.22. The firm has a market cap of $766.26 million, a P/E ratio of 1.07 and a beta of 1.60. The company’s 50-day moving average price is $15.08 and its two-hundred day moving average price is $34.96.

Insider Activity at SITE Centers

In other SITE Centers news, CEO David R. Lukes sold 168,895 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $15.39, for a total transaction of $2,599,294.05. Following the sale, the chief executive officer now directly owns 136,008 shares of the company’s stock, valued at $2,093,163.12. The trade was a 55.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dawn M. Sweeney sold 3,768 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $15.54, for a total transaction of $58,554.72. Following the sale, the director now directly owns 29,082 shares in the company, valued at $451,934.28. The trade was a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,457 shares of company stock valued at $2,791,693. 10.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com assumed coverage on shares of SITE Centers in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Citigroup decreased their target price on shares of SITE Centers from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Piper Sandler decreased their target price on shares of SITE Centers from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company decreased their target price on shares of SITE Centers from $17.50 to $17.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, SITE Centers currently has a consensus rating of “Hold” and an average target price of $35.75.

About SITE Centers

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. 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.