Stockchase Opinions

The Panic-Proof Portfolio (Stockchase Research) SITE Centers Corp. SITC-N PAST TOP PICK Apr 15, 2025

(A Top Pick Oct 22/24, Down 29%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with SITC has triggered its stop at $12.  To remain disciplined, we recommending covering the position at this time.  

$11.490

Stock price when the opinion was issued

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

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)
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP 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)