SITE Centers Corp. (NASDAQ:SITC) – Equities research analysts at SunTrust Banks dropped their FY2020 EPS estimates for SITE Centers in a research report issued on Thursday, October 17th. SunTrust Banks analyst K. Kim now expects that the company will post earnings per share of $1.12 for the year, down from their previous forecast of $1.17. SunTrust Banks also issued estimates for SITE Centers’ FY2021 earnings at $1.15 EPS.
SITC has been the topic of several other reports. Mizuho lowered shares of SITE Centers from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a report on Friday, September 13th. Zacks Investment Research raised shares of SITE Centers from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Tuesday, October 1st. Finally, Compass Point assumed coverage on shares of SITE Centers in a report on Thursday, August 15th. They set a “neutral” rating and a $14.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. SITE Centers has an average rating of “Buy” and a consensus price target of $14.67.
SITE Centers (NASDAQ:SITC) last issued its earnings results on Monday, July 29th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.23). The firm had revenue of $113.50 million for the quarter, compared to analyst estimates of $113.12 million. The business’s revenue for the quarter was down 44.4% compared to the same quarter last year.
The firm also recently disclosed a — dividend, which was paid on Tuesday, October 8th. Investors of record on Monday, September 23rd were issued a dividend of $0.20 per share. This represents a yield of 5.4%. The ex-dividend date of this dividend was Friday, September 20th.
A number of hedge funds have recently modified their holdings of the stock. Virginia Retirement Systems ET AL lifted its position in SITE Centers by 3.9% during the third quarter. Virginia Retirement Systems ET AL now owns 305,700 shares of the company’s stock valued at $4,619,000 after purchasing an additional 11,600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in SITE Centers by 8.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,808 shares of the company’s stock valued at $556,000 after buying an additional 2,798 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in SITE Centers by 124.5% in the third quarter. Envestnet Asset Management Inc. now owns 53,975 shares of the company’s stock valued at $816,000 after buying an additional 29,929 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in SITE Centers by 47.7% in the third quarter. Nisa Investment Advisors LLC now owns 77,996 shares of the company’s stock valued at $1,179,000 after buying an additional 25,184 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in SITE Centers in the third quarter valued at $493,000.
About SITE Centers
SITE is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
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