Wednesday, July 15, 2020

Morgan Stanley lifts SITE Centers Corp. [SITC] price estimate. Who else is bullish?

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SITE Centers Corp. [NYSE: SITC] slipped around -0.02 points on Friday, while shares priced at $7.43 at the close of the session, down -0.27%. SITC will be replaced Mobile Mini Inc. (NASD: MINI) in the S&P SmallCap 600 which will be effective from July 1. Recently, SITE Centres Corp. in a press release announced its addition to S&P SmallCap 600.

SITE will be added to S&P Dow Jones Indices which is the largest resource for essential index-based concepts, data and research, and home to the most famous financial market indicators globally.

SITE Centers Corp. stock is now -47.00% down from its year-to-date (YTD) trading value. SITC Stock saw the intraday high of $8.265 and lowest of $7.32 per share. The company’s 52-week high price is 15.85, which means the current price is +106.39% above from all time high which was touched on 01/02/20.

Compared to the average trading volume of 2.60M shares, SITC reached a trading volume of 26805466 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about SITE Centers Corp. [SITC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SITC shares is $7.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SITC stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for SITE Centers Corp. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on April 27, 2020. While these analysts kept the previous recommendation, Odeon raised their target price to Buy. The new note on the price target was released on April 08, 2020, representing the official price target for SITE Centers Corp. stock. Previously, the target price had yet another raise from $13.50 to $16, while Morgan Stanley kept a Overweight rating on SITC stock.

The Average True Range (ATR) for SITE Centers Corp. is set at 0.65, with the Price to Sales ratio for SITC stock in the period of the last 12 months amounting to 2.84. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 2.66. Price to Free Cash Flow for SITC in the course of the last twelve months was 161.68.

How has SITC stock performed recently?

SITE Centers Corp. [SITC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.72. With this latest performance, SITC shares gained by 24.66% in over the last four-week period, additionally sinking by -45.33% over the last 6 months – not to mention a drop of -43.37% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SITC stock in for the last two-week period is set at 50.92, with the RSI for the last a single of trading hit 47.80, and the three-weeks RSI is set at 52.46 for SITE Centers Corp. [SITC]. The present Moving Average for the last 50 days of trading for this stock 6.37, while it was recorded at 7.46 for the last single week of trading, and 10.97 for the last 200 days.

SITE Centers Corp. [SITC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and SITE Centers Corp. [SITC] shares currently have an operating margin of +11.70 and a Gross Margin at +40.53. SITE Centers Corp.’s Net Margin is presently recorded at +19.74.

Return on Total Capital for SITC is now 1.51, given the latest momentum, and Return on Invested Capital for the company is 2.57. Return on Equity for this stock inclined to 4.94, with Return on Assets sitting at 2.41. When it comes to the capital structure of this company, SITE Centers Corp. [SITC] has a Total Debt to Total Equity ratio set at 95.43. Additionally, SITC Total Debt to Total Capital is recorded at 48.83, with Total Debt to Total Assets ending up at 46.12. Long-Term Debt to Equity for the company is recorded at 111.40, with the Long-Term Debt to Total Capital now at 47.64.

Reflecting on the efficiency of the workforce at the company, SITE Centers Corp. [SITC] managed to generate an average of $277,042 per employee. Receivables Turnover for the company is 6.53 with a Total Asset Turnover recorded at a value of 0.12.

Earnings analysis for SITE Centers Corp. [SITC]

With the latest financial reports released by the company, SITE Centers Corp. posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 150.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SITC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SITE Centers Corp. go to -6.04%.

Insider trade positions for SITE Centers Corp. [SITC]

There are presently around $1,155 million, or 81.60% of SITC stock, in the hands of institutional investors. The top three institutional holders of SITC stocks are: COHEN & STEERS, INC. with ownership of 23,827,561, which is approximately -23.173% of the company’s market cap and around 17.50% of the total institutional ownership; VANGUARD GROUP INC, holding 23,185,732 shares of the stock with an approximate value of $172.27 million in SITC stocks shares; and BLACKROCK INC., currently with $82.73 million in SITC stock with ownership of nearly 2.783% of the company’s market capitalization.

Positions in SITE Centers Corp. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 136 institutional holders increased their position in SITE Centers Corp. [NYSE:SITC] by around 18,074,933 shares. Additionally, 107 investors decreased positions by around 20,717,413 shares, while 26 investors held positions by with 116,600,109 shares. The mentioned changes placed institutional holdings at 155,392,455 shares, according to the latest SEC report filing. SITC stock had 36 new institutional investments in for a total of 4,422,365 shares, while 40 institutional investors sold positions of 6,439,130 shares during the same period.

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