SITE Centers (NYSE:SITC) Price Target Lowered to $12.00 at Mizuho

SITE Centers (NYSE:SITC – Get Rating) had its price target reduced by Mizuho from $13.00 to $12.00 in a research note published on Thursday, The Fly reports.

A number of other research analysts have also commented on the stock. StockNews.com initiated coverage on shares of SITE Centers in a research note on Thursday, May 18th. They issued a hold rating on the stock. Wells Fargo & Company assumed coverage on shares of SITE Centers in a research note on Tuesday. They set an equal weight rating and a $12.50 price target on the stock. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, SITE Centers currently has an average rating of Hold and a consensus price target of $14.15.

SITE Centers Trading Down 1.2 %

NYSE SITC opened at $11.51 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market cap of $2.41 billion, a PE ratio of 15.35 and a beta of 1.53. SITE Centers has a one year low of $10.42 and a one year high of $16.09. The firm’s fifty day moving average is $11.89 and its two-hundred day moving average is $12.79.

SITE Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Wednesday, June 14th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Tuesday, June 13th. SITE Centers’s dividend payout ratio is currently 69.33%.

Institutional Trading of SITE Centers

Institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC purchased a new stake in SITE Centers during the first quarter worth about $792,000. Lazard Asset Management LLC acquired a new position in shares of SITE Centers in the 1st quarter valued at $76,000. Tower Research Capital LLC TRC boosted its holdings in shares of SITE Centers by 206.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,845 shares of the company’s stock valued at $71,000 after purchasing an additional 3,937 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of SITE Centers by 365.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,197 shares of the company’s stock valued at $77,000 after purchasing an additional 5,651 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of SITE Centers by 90.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,454 shares of the company’s stock valued at $89,000 after purchasing an additional 3,535 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

About SITE Centers

(Get Rating)

SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company was founded in 1965 and is headquartered in Beachwood, OH.