In a report released today, Dori Kesten from Wells Fargo maintained a Buy rating on SITE Centers (SITC – Research Report), with a price target of $15.50. The company’s shares closed yesterday at $13.66.
According to TipRanks, Kesten is a 4-star analyst with an average return of 7.9% and a 67.77% success rate. Kesten covers the Real Estate sector, focusing on stocks such as Ryman, Xenia Hotels & Resorts, and SITE Centers.
SITE Centers has an analyst consensus of Moderate Buy, with a price target consensus of $14.75, which is a 7.98% upside from current levels. In a report released on February 16, KeyBanc also reiterated a Buy rating on the stock with a $15.00 price target.
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Based on SITE Centers’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $144.76 million and a net profit of $48.64 million. In comparison, last year the company earned a revenue of $138.84 million and had a net profit of $66.2 million
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SITE Centers (SITC) Company Description:
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.
Read More on SITC:
- SITE Centers EVP Christa Vesy Announces Amicable Resignation
- Site Centers reports Q4 operating FFO 26c, consensus 26c
- Site Centers (SITC) Q4 Earnings Cheat Sheet
- Wolfe taking ‘wait and see’ approach on Site Centers split, downgrades shares
- Site Centers downgraded to Peer Perform from Outperform at Wolfe Research
