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After finishing at $61.37 in the prior trading day, SITE Centers Corp (NYSE: SITC) closed at $60.22, down -1.87%. In other words, the price has decreased by -$1.87 from its previous closing price. On the day, 0.52 million shares were traded. SITC stock price reached its highest trading level at $61.555 during the session, while it also had its lowest trading level at $60.04.
Ratios:
Our goal is to gain a better understanding of SITC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.62. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.66.
On September 20, 2023, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight but kept the price unchanged to $15.
On May 24, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $12.50.Wells Fargo initiated its Equal Weight rating on May 24, 2023, with a $12.50 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 21 ’24 when Fennerty Conor sold 5,850 shares for $60.54 per share. The transaction valued at 354,159 led to the insider holds 41,709 shares of the business.
Fennerty Conor bought 5,850 shares of SITC for $353,792 on Aug 21 ’24. On Jul 31 ’24, another insider, Otto Alexander, who serves as the Director of the company, sold 424,355 shares for $15.61 each. As a result, the insider received 6,624,606 and left with 16,158,628 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SITC now has a Market Capitalization of 3163422976 and an Enterprise Value of 3662295808. As of this moment, SITE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.07, and their Forward P/E ratio for the next fiscal year is 461.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.66 while its Price-to-Book (P/B) ratio in mrq is 1.46. Its current Enterprise Value per Revenue stands at 7.24 whereas that against EBITDA is 11.873.
Stock Price History:
Over the past 52 weeks, SITC has reached a high of $64.44, while it has fallen to a 52-week low of $43.01. The 50-Day Moving Average of the stock is -0.07%, while the 200-Day Moving Average is calculated to be 6.57%.
Shares Statistics:
The stock has traded on average 444.40K shares per day over the past 3-months and 543107 shares per day over the last 10 days, according to various share statistics. A total of 52.26M shares are outstanding, with a floating share count of 47.83M. Insiders hold about 8.71% of the company’s shares, while institutions hold 92.08% stake in the company. Shares short for SITC as of 1723680000 were 1504342 with a Short Ratio of 3.39, compared to 1721001600 on 1386481. Therefore, it implies a Short% of Shares Outstanding of 1504342 and a Short% of Float of 4.8899997.
Dividends & Splits
In the trailing 12 months, SITC’s forward annual dividend rate was 2.08, compared to 0.52 this year. Against a Trailing Annual Dividend Yield of 0.03389278The stock’s 5-year Average Dividend Yield is 4.62.
Earnings Estimates
The current assessment of SITE Centers Corp (SITC) involves the perspectives of 4.0 analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $0.11, with high estimates of $0.18 and low estimates of $0.0.
Analysts are recommending an EPS of between $4.52 and -$0.1 for the fiscal current year, implying an average EPS of $2.7. EPS for the following year is $0.07, with 3.0 analysts recommending between $0.4 and -$0.16.
Revenue Estimates
5 analysts predict $110.85M in revenue for the current quarter. It ranges from a high estimate of $116.78M to a low estimate of $94M. As of the current estimate, SITE Centers Corp’s year-ago sales were $143.09MFor the next quarter, 5 analysts are estimating revenue of $110.75M. There is a high estimate of $118.48M for the next quarter, whereas the lowest estimate is $86.38M.
A total of 6 analysts have provided revenue estimates for SITC’s current fiscal year. The highest revenue estimate was $470.02M, while the lowest revenue estimate was $401.6M, resulting in an average revenue estimate of $445.29M. In the same quarter a year ago, actual revenue was $539MBased on 4 analysts’ estimates, the company’s revenue will be $470.05M in the next fiscal year. The high estimate is $475.5M and the low estimate is $460M.
