SITE Centers Corp. [SITC] is -35.31% lower this YTD. Is it still time to buy?

SITE Centers Corp. [NYSE: SITC] gained 31.83% on the last trading session, reaching $9.07 price per share at the time. The company report on October 27, 2020 that SITE Centers Reports Third Quarter 2020 Operating Results.

SITE Centers Corp. (NYSE: SITC) today announced operating results for the quarter ended September 30, 2020.

“We made continued progress in terms of store openings and collections in the third quarter and we are encouraged by improving leasing activity and volume,” commented David R. Lukes, President and Chief Executive Officer. “With the closing of the first of the two Blackstone joint venture transactions earlier this month, we added to our liquidity position and the Company remains well positioned with no material near-term maturities and no material capital commitments.”.

SITE Centers Corp. represents 193.20 million in outstanding shares, while the company has a total market value of $1.83 billion with the latest information. SITC stock price has been found in the range of $7.54 to $9.255.

If compared to the average trading volume of 1.30M shares, SITC reached a trading volume of 3288216 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $8.37 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.

Compass Point have made an estimate for SITE Centers Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 09, 2020. The new note on the price target was released on April 27, 2020, representing the official price target for SITE Centers Corp. stock. Previously, the target price had yet another raise to $10, while Odeon analysts kept a Buy rating on SITC stock. On December 17, 2019, analysts increased their price target for SITC shares from 13.50 to 16.

The Average True Range (ATR) for SITE Centers Corp. is set at 0.47, with the Price to Sales ratio for SITC stock in the period of the last 12 months amounting to 3.91. The Price to Book ratio for the last quarter was 1.07, with the Price to Cash per share for the same quarter was set at 0.28. Price to Free Cash Flow for SITC in the course of the last twelve months was 50.45.

Trading performance analysis for SITC stock

SITE Centers Corp. [SITC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 31.26. With this latest performance, SITC shares gained by 17.79% in over the last four-week period, additionally plugging by 86.63% over the last 6 months – not to mention a drop of -38.59% 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 69.69, with the RSI for the last a single of trading hit 75.90, and the three-weeks RSI is set at 65.51 for SITE Centers Corp. [SITC]. The present Moving Average for the last 50 days of trading for this stock 7.49, while it was recorded at 7.54 for the last single week of trading, and 7.75 for the last 200 days.

SITE Centers Corp. [SITC]: A deeper dive into fundamental analysis

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.

SITE Centers Corp. [SITC]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at SITE Centers Corp. [SITC]

There are presently around $1,508 million, or 88.40% of SITC stock, in the hands of institutional investors. The top three institutional holders of SITC stocks are: BLACKROCK INC. with ownership of 25,849,244, which is approximately -2.862% of the company’s market cap and around 17.50% of the total institutional ownership; VANGUARD GROUP INC, holding 24,021,016 shares of the stock with an approximate value of $217.87 million in SITC stocks shares; and COHEN & STEERS, INC., currently with $191.1 million in SITC stock with ownership of nearly -11.576% of the company’s market capitalization.

Positions in SITE Centers Corp. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 117 institutional holders increased their position in SITE Centers Corp. [NYSE:SITC] by around 21,980,441 shares. Additionally, 106 investors decreased positions by around 24,793,986 shares, while 27 investors held positions by with 119,532,135 shares. The mentioned changes placed institutional holdings at 166,306,562 shares, according to the latest SEC report filing. SITC stock had 35 new institutional investments in for a total of 6,364,173 shares, while 36 institutional investors sold positions of 5,364,078 shares during the same period.

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