In a report released yesterday, Simon Yarmak from Stifel Nicolaus maintained a Buy rating on SITE Centers (SITC – Research Report), with a price target of $15.50. The company’s shares closed yesterday at $14.07.
According to TipRanks, Yarmak is a 5-star analyst with an average return of 9.9% and a 60.14% success rate. Yarmak covers the Real Estate sector, focusing on stocks such as Simon Property, Essex Property, and Agree Realty.
The word on The Street in general, suggests a Hold analyst consensus rating for SITE Centers with a $14.42 average price target.
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Based on SITE Centers’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $138.69 million and a net profit of $15.28 million. In comparison, last year the company earned a revenue of $134.82 million and had a net profit of $58.99 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SITC in relation to earlier this year.
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SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company was founded in 1965 and is headquartered in Beachwood, OH.
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