Post-Trade Analysis: SITE Centers Corp (SITC) Climbs 0.70, Closing at 14.46

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After finishing at $14.36 in the prior trading day, SITE Centers Corp (NYSE: SITC) closed at $14.46, up 0.70%. In other words, the price has increased by $0.70 from its previous closing price. On the day, 1.55 million shares were traded. SITC stock price reached its highest trading level at $14.5 during the session, while it also had its lowest trading level at $14.22.

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 5.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.76. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.76.

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 Jun 17 ’24 when Otto Alexander sold 111,811 shares for $14.51 per share. The transaction valued at 1,622,266 led to the insider holds 18,627,298 shares of the business.

Otto Alexander sold 149,835 shares of SITC for $2,180,848 on Jun 14 ’24. The Director now owns 18,739,109 shares after completing the transaction at $14.55 per share. On Jun 13 ’24, another insider, Otto Alexander, who serves as the Director of the company, sold 182,383 shares for $14.62 each. As a result, the insider received 2,666,439 and left with 18,888,944 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 3029991936 and an Enterprise Value of 4218939392. As of this moment, SITE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.08, and their Forward P/E ratio for the next fiscal year is 267.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.11 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at 7.917 whereas that against EBITDA is 12.908.

Stock Price History:

The Beta on a monthly basis for SITC is 1.66, which has changed by 0.16895711 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, SITC has reached a high of $14.88, while it has fallen to a 52-week low of $10.75. The 50-Day Moving Average of the stock is 2.82%, while the 200-Day Moving Average is calculated to be 7.59%.

Shares Statistics:

The stock has traded on average 1.68M shares per day over the past 3-months and 1541065 shares per day over the last 10 days, according to various share statistics. A total of 209.03M shares are outstanding, with a floating share count of 188.27M. Insiders hold about 10.15% of the company’s shares, while institutions hold 89.97% stake in the company. Shares short for SITC as of 1715731200 were 4867988 with a Short Ratio of 2.72, compared to 1713139200 on 5613656. Therefore, it implies a Short% of Shares Outstanding of 4867988 and a Short% of Float of 3.9600000000000004.

Dividends & Splits

In the trailing 12 months, SITC’s forward annual dividend rate was 0.52, compared to 0.52 this year. Against a Trailing Annual Dividend Yield of 0.0362117The stock’s 5-year Average Dividend Yield is 4.69. The current Payout Ratio is 42.93% for SITC, which recently paid a dividend on 2024-06-18 with an ex-dividend date of 1718668800. Stock splits for the company last occurred on 2018-05-21 when the company split stock in a 1:2 ratio.

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