Compass Point began coverage on shares of SITE Centers (NASDAQ:SITC) in a report issued on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $14.00 target price on the stock.
SITC opened at $13.70 on Thursday. The business’s 50-day moving average price is $13.56 and its two-hundred day moving average price is $13.41. SITE Centers has a 1 year low of $10.71 and a 1 year high of $14.84.
SITE Centers (NASDAQ:SITC) last released its quarterly earnings results on Monday, July 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.23). The business had revenue of $113.50 million during the quarter, compared to analysts’ expectations of $113.12 million. The business’s quarterly revenue was down 44.4% on a year-over-year basis.
SITE Centers Company Profile
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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