Opinions
The Panic-Proof Portfolio (Stockchase Research)
SITE Centers Corp.
SITC-N
PAST TOP PICK
Apr 15, 2025
$11.490
Stock price when the opinion was issued
REAL ESTATE
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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)
REAL ESTATE
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Our PAST TOP PICK with SITC has triggered its stop at $12. To remain disciplined, we recommending covering the position at this time.