SITE Centers Corp. (SITC-N)
NYSE:SITC
11.61
0.10
(0.87%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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SITE Centers Corp. (SITC) is a retail shopping center REIT that is strategically reshaping its portfolio through a recent divestiture of 11 centers and the acquisition of 4 others. This approach aims to enhance capital efficiency while simultaneously rebalancing its debt profile, which is a positive step towards achieving an investment-grade credit rating. The company's focus on reducing debt while increasing cash reserves is noteworthy and signals strong management oversight. Currently, SITC is trading at 2x earnings, below book value, and boasts a promising 21% return on equity (ROE). Analysts suggest a price target of approximately $24.83, indicating a potential upside of 41% from its current price, with a recommended stop-loss set at $12 for risk management.
SITC is a retail shopping centre REIT. It recently announced a divestiture of 11 centres and purchase of 4 others as it carefully rebalances its portfolio to maximize capital efficiency along with rebalancing its debt -- allowing it access to an investment grade credit rating. We like that cash reserves are growing, while debt is reduced. It trades at 2x earnings, under book value and supports a 21% ROE. We recommend setting a stop-loss at $12, looking to achieve $24 -- upside potential of 41%. Yield 3.0%
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SITE Centers Corp.(SITC-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
SITE Centers Corp.(SITC-N) Frequently Asked Questions
What is SITE Centers Corp. stock symbol?
SITE Centers Corp. is a American stock, trading under the symbol SITC-N on the New York Stock Exchange (SITC). It is usually referred to as NYSE:SITC or SITC-N
Is SITE Centers Corp. a buy or a sell?
In the last year, 1 stock analyst published opinions about SITC-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for SITE Centers Corp..
Is SITE Centers Corp. a good investment or a top pick?
SITE Centers Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for SITE Centers Corp..
Why is SITE Centers Corp. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is SITE Centers Corp. worth watching?
In the last year, there was no coverage of SITE Centers Corp. published on Stockchase.
What is SITE Centers Corp. stock price?
On 2025-04-15, SITE Centers Corp. (SITC-N) stock closed at a price of $11.61.
Our PAST TOP PICK with SITC has triggered its stop at $12. To remain disciplined, we recommending covering the position at this time.