Shares of Site Centers Corp. (NYSE:SITC) have received an average recommendation of “Hold” from five analysts currently covering the stock, according to MarketBeat.com. The consensus includes one sell rating, three hold ratings, and one buy rating. Analysts have set an average 12-month target price at $12.63 for the company.
Several research firms have recently issued reports on Site Centers. LADENBURG THALM/SH SH initiated coverage on September 9, 2023, assigning a “neutral” rating with a price target of $10.00. Weiss Ratings reaffirmed a “sell (d)” rating in a note on November 19, while Piper Sandler revised their target price from $12.00 to $10.00 on November 10, maintaining an “overweight” rating. Additionally, Wall Street Zen downgraded the stock from a “hold” to a “sell” rating on November 8, 2023.
Current Trading Performance
On Thursday, shares of Site Centers opened at $7.21. The company reports a quick ratio of 1.74, a current ratio of 1.74, and a debt-to-equity ratio of 0.59. The market capitalization stands at approximately $377.99 million, with a P/E ratio of 1.07 and a beta of 1.38. Over the past year, Site Centers has seen a 52-week low of $6.76 and a high of $16.17. The stock’s fifty-day simple moving average is $8.18, while the 200-day simple moving average sits at $10.31.
Dividend Announcement
In a recent development, Site Centers announced a special dividend of $1.00, which was paid on November 14, 2023. Shareholders who were on record as of October 31 received this dividend. The ex-dividend date was also set for October 31. The company maintains a dividend payout ratio of 92.86%, reflecting a commitment to returning value to shareholders.
About Site Centers: This company operates as a self-administered and self-managed real estate investment trust (REIT), specializing in open-air shopping centers located in affluent suburban areas. As a fully integrated real estate company, Site Centers is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
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