Other research analysts also recently issued research reports about the stock. Compass Point dropped their target price on shares of SITE Centers from $17.00 to $15.00 and set a neutral rating on the stock in a report on Wednesday, June 22nd. Jefferies Financial Group dropped their target price on shares of SITE Centers from $17.00 to $13.00 and set a hold rating on the stock in a report on Thursday, June 30th. KeyCorp dropped their target price on shares of SITE Centers from $19.00 to $17.00 and set an overweight rating on the stock in a report on Tuesday, June 28th. Morgan Stanley dropped their target price on shares of SITE Centers from $15.00 to $13.00 and set an equal weight rating on the stock in a report on Friday, July 15th. Finally, Piper Sandler dropped their target price on shares of SITE Centers to $18.00 in a report on Monday, July 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, SITE Centers currently has a consensus rating of Hold and a consensus target price of $16.06.
SITE Centers Stock Down 1.2 %
SITC stock opened at $14.43 on Monday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.97. SITE Centers has a 1 year low of $12.40 and a 1 year high of $17.61. The company has a fifty day simple moving average of $14.00 and a 200 day simple moving average of $15.07. The firm has a market cap of $3.09 billion, a PE ratio of 20.61 and a beta of 1.50.
SITE Centers Dividend Announcement
Institutional Trading of SITE Centers
Several institutional investors have recently made changes to their positions in SITC. Lindbrook Capital LLC boosted its position in shares of SITE Centers by 537.1% during the 2nd quarter. Lindbrook Capital LLC now owns 3,899 shares of the company’s stock valued at $53,000 after acquiring an additional 3,287 shares in the last quarter. Anson Funds Management LP acquired a new stake in shares of SITE Centers during the 1st quarter valued at about $75,000. Lazard Asset Management LLC acquired a new stake in shares of SITE Centers during the 1st quarter valued at about $76,000. Acadian Asset Management LLC acquired a new stake in shares of SITE Centers during the 4th quarter valued at about $91,000. Finally, KBC Group NV acquired a new stake in shares of SITE Centers during the 1st quarter valued at about $126,000. 88.34% of the stock is currently owned by institutional investors and hedge funds.
About SITE Centers
SITE Centers 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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