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SITE Centers Corp (NYSE: SITC) closed the day trading at $57.78 up 0.84% from the previous closing price of $57.30. In other words, the price has increased by $0.84 from its previous closing price. On the day, 0.63 million shares were traded. SITC stock price reached its highest trading level at $58.49 during the session, while it also had its lowest trading level at $57.36.
Ratios:
For a better understanding of SITC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.62. 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 3027122944 and an Enterprise Value of 3509315584. As of this moment, SITE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.79, and their Forward P/E ratio for the next fiscal year is 443.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.39 while its Price-to-Book (P/B) ratio in mrq is 1.40. Its current Enterprise Value per Revenue stands at 6.937 whereas that against EBITDA is 11.377.
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 -4.29%, while the 200-Day Moving Average is calculated to be 1.99%.
Shares Statistics:
Over the past 3-months, SITC traded about 475.85K shares per day on average, while over the past 10 days, SITC traded about 653000 shares per day. 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 3.16, 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
SITC’s forward annual dividend rate is 2.07, up from 2.08 a year ago. Against a Trailing Annual Dividend Yield of 0.036300175The stock’s 5-year Average Dividend Yield is 4.58.
