SITE Centers Corp (NYSE: SITC)’s stock price has gone decline by -1.54 in comparison to its previous close of 15.62, however, the company has experienced a -1.60% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-11-29 that Eleven of the 35 Dividend Power Dogs are recommended for their “safer” dividends, with free cash-flow yields exceeding dividend yields, making them ideal buys. The Dividend Power strategy focuses on high earnings yield and high dividend yield, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for the top ten DiviPower stocks by November 2025, with potential net gains ranging from 55.4% to 108.51%.
Is It Worth Investing in SITE Centers Corp (NYSE: SITC) Right Now?
SITE Centers Corp (NYSE: SITC) has a higher price-to-earnings ratio of 1.12x compared to its average ratio, The 36-month beta value for SITC is at 1.60. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for SITC is 48.55M, and currently, shorts hold a 7.13% of that float. The average trading volume for SITC on December 06, 2024 was 2.22M shares.
SITC’s Market Performance
SITC’s stock has seen a -1.60% decrease for the week, with a -3.45% drop in the past month and a 38.32% gain in the past quarter. The volatility ratio for the week is 2.12%, and the volatility levels for the past 30 days are at 2.22% for SITE Centers Corp The simple moving average for the last 20 days is -2.97% for SITC’s stock, with a simple moving average of 23.02% for the last 200 days.
Analysts’ Opinion of SITC
Wells Fargo, on the other hand, stated in their research note that they expect to see SITC reach a price target of $19. The rating they have provided for SITC stocks is “Equal Weight” according to the report published on October 02nd, 2024.
SITC Trading at -4.67% from the 50-Day Moving Average
After a stumble in the market that brought SITC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.26% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares sank -3.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -74.09% lower at present.
During the last 5 trading sessions, SITC fell by -1.60%, which changed the moving average for the period of 200-days by -72.85% in comparison to the 20-day moving average, which settled at $15.85. In addition, SITE Centers Corp saw 44.64% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SITC starting from Fennerty Conor, who proposed sale 15,208 shares at the price of $16.14 back on Nov 12 ’24. After this action, Fennerty Conor now owns shares of SITE Centers Corp, valued at $245,433 using the latest closing price.
Fennerty Conor, the EVP, CFO & Treasurer of SITE Centers Corp, sale 5,850 shares at $60.54 during a trade that took place back on Aug 21 ’24, which means that Fennerty Conor is holding 41,709 shares at $354,159 based on the most recent closing price.
Stock Fundamentals for SITC
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.62 for the gross margin
The net margin for SITE Centers Corp stands at 1.62. The total capital return value is set at 0.03. Equity return is now at value 31.17, with 20.48 for asset returns.
Based on SITE Centers Corp (SITC), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 1.29.
Currently, EBITDA for the company is 339.27 million with net debt to EBITDA at -2.87. When we switch over and look at the enterprise to sales, we see a ratio of 0.1. The receivables turnover for the company is 11.67for trailing twelve months and the total asset turnover is 0.14.
Conclusion
In conclusion, SITE Centers Corp (SITC) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
