BTIG analyst Michael Gorman maintained a Hold rating on SITE Centers (SITC – Research Report) yesterday. The company’s shares closed yesterday at $13.17.
Gorman covers the Financial sector, focusing on stocks such as CTO Realty Growth, SITE Centers, and Equity Residential. According to TipRanks, Gorman has an average return of 4.6% and a 50.69% success rate on recommended stocks.
Currently, the analyst consensus on SITE Centers is a Hold with an average price target of $13.80, representing a 4.78% upside. In a report released on January 10, Mizuho Securities also downgraded the stock to a Hold with a $13.00 price target.
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SITC market cap is currently $2.68B and has a P/E ratio of 14.37.
Based on the recent corporate insider activity of 32 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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