SITE Centers (NYSE:SITC – Get Rating) had its target price decreased by Truist Financial to $15.00 in a research note issued to investors on Tuesday morning, Stock Target Advisor reports.

Several other equities research analysts have also issued reports on the stock. StockNews.com upgraded shares of SITE Centers from a sell rating to a hold rating in a report on Tuesday, August 9th. Jefferies Financial Group decreased their price objective on shares of SITE Centers from $17.00 to $13.00 and set a hold rating for the company in a report on Thursday, June 30th. Compass Point decreased their price objective on shares of SITE Centers from $17.00 to $15.00 and set a neutral rating for the company in a report on Wednesday, June 22nd. Piper Sandler decreased their price objective on shares of SITE Centers to $18.00 in a report on Monday, July 4th. Finally, Morgan Stanley decreased their price objective on shares of SITE Centers from $15.00 to $13.00 and set an equal weight rating for the company in a report on Friday, July 15th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $16.15.

SITE Centers Price Performance

SITE Centers stock opened at $13.43 on Tuesday. The firm has a 50-day moving average price of $13.85 and a 200-day moving average price of $14.86. The firm has a market capitalization of $2.87 billion, a PE ratio of 19.19 and a beta of 1.51. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.97. SITE Centers has a 12-month low of $12.40 and a 12-month high of $17.61.

SITE Centers Dividend Announcement

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its position in shares of SITE Centers by 122.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 30,362 shares of the company's stock worth $480,000 after buying an additional 16,715 shares during the last quarter. abrdn plc grew its position in shares of SITE Centers by 3.5% in the 4th quarter. abrdn plc now owns 922,866 shares of the company's stock worth $14,609,000 after buying an additional 30,875 shares during the last quarter. ProShare Advisors LLC grew its position in shares of SITE Centers by 61.8% in the 4th quarter. ProShare Advisors LLC now owns 43,527 shares of the company's stock worth $689,000 after buying an additional 16,632 shares during the last quarter. First Trust Advisors LP grew its position in shares of SITE Centers by 54.8% in the 4th quarter. First Trust Advisors LP now owns 211,551 shares of the company's stock worth $3,349,000 after buying an additional 74,859 shares during the last quarter. Finally, Raymond James & Associates purchased a new position in shares of SITE Centers in the 4th quarter worth approximately $642,000. Hedge funds and other institutional investors own 87.89% of the company's stock.

SITE Centers Company Profile

(Get Rating)

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.

Further Reading

• Get a free copy of the StockNews.com research report on SITE Centers (SITC)
• MarketBeat: Week in Review 9/5 – 9/9
• Prepare For A Record-Setting Quarter For Cyber Security Stocks
• The Auto Market Is Slowly Recovering, These Stocks May Outperform
• Is DocuSign On The Verge Of A Major Reversal?
• Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy

Receive News & Ratings for SITE Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SITE Centers and related companies with MarketBeat.com's FREE daily email newsletter.