Investors’ Patience Is Being Tested Right Now By SITE Centers Corp (NYSE: SITC)

After Hours

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Stocks Info

SITE Centers Corp is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Retail industry. The current market capitalization of SITE Centers Corp is $918.40M. A total of 1.31 million shares were traded on the day, compared to an average of 3.03M shares.

In the most recent transaction, Fennerty Conor sold 5,850 shares of SITC for 60.54 per share on Aug 21 ’24. After the transaction, the EVP, CFO & Treasurer now owns 41,709 company shares. In a previous transaction on Aug 21 ’24, Fennerty Conor bought 5,850 shares at 60.48 per share.

Among the insiders who sold shares, Otto Alexander disposed of 424,355 shares on Jul 31 ’24 at a per-share price of $15.61. This resulted in the Director holding 16,158,628 shares of SITC after the transaction. In another insider transaction, Otto Alexander sold 293,874 shares at $15.44 per share on Aug 01 ’24. Company shares held by the Director now total 15,864,754.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. SITE Centers Corp pays an annual dividend of $0.39, resulting in a dividend yield of 2.22%, and it has a price to earnings (P/E) ratio of 2.06. SITC’s most recent ex-dividend date was 6/18/2024 when it declared a $2.08 quarterly dividend that was paid in cash on 7/9/2024. Previously, the company paid the dividend on 4/5/2024 with an ex-dividend date of 3/13/2024. The SITC stock dividend was $2.08 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SITC has a high of $18.15 and a low of $8.39.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SITC’s latest balance sheet shows that the firm has $41.81M in Cash & Short Term Investments as of fiscal 2021. There were $1.68B in debt and $247.02M in liabilities at the time. Its Book Value Per Share was $41.27, while its Total Shareholder’s Equity was $2.04B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SITC is Buy with a score of 3.36.

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