Opinions The Panic-Proof Portfolio (Stockchase Research)
SITE Centers Corp.SITCTOP PICKOct 22, 2024
$16.91
Stock price when the opinion was issued
$4.49
As of Jul 02, 2026. Market Open.
REAL ESTATE
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentPAST TOP PICK
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly
SITC shares have been under pressure as shopping centres have fallen out of favour with many investors. Now the valuation offers a robust 42% ROE, while trading 1.2x book and 1x earnings. Cash reserves are prudently being used to aggressively retire debt and buy back shares. The company is not paying a distribution presently, providing the company more flexibility and giving investors a tax-efficient investment vehicle. We recommend setting a stop-loss at $10.50, looking to achieve $15.50 -- upside potential of 24%. Yield 0%
(Analysts’ price target is $15.38)REAL ESTATE
Premium contentPAST TOP PICK
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%
(Analysts’ price target is $24.83)