Wall Street brokerages expect SITE Centers Corp. (NASDAQ:SITC) to report earnings per share of $0.28 for the current quarter, according to Zacks. Five analysts have made estimates for SITE Centers’ earnings. SITE Centers posted earnings of $0.32 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.5%. The business is expected to announce its next earnings report on Tuesday, April 28th.
On average, analysts expect that SITE Centers will report full year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.17. For the next year, analysts expect that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $1.07 to $1.17. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow SITE Centers.
SITE Centers (NASDAQ:SITC) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.23). The business had revenue of $111.79 million during the quarter, compared to the consensus estimate of $111.53 million. During the same period last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year.
Hedge funds have recently modified their holdings of the company. Huntington National Bank purchased a new position in SITE Centers in the 4th quarter valued at approximately $26,000. Ladenburg Thalmann Financial Services Inc. increased its stake in SITE Centers by 37.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,296 shares of the company’s stock valued at $43,000 after purchasing an additional 896 shares in the last quarter. NumerixS Investment Technologies Inc increased its stake in SITE Centers by 733.3% in the 4th quarter. NumerixS Investment Technologies Inc now owns 7,500 shares of the company’s stock valued at $105,000 after purchasing an additional 6,600 shares in the last quarter. Advisors Asset Management Inc. increased its stake in SITE Centers by 49.4% in the 4th quarter. Advisors Asset Management Inc. now owns 8,412 shares of the company’s stock valued at $118,000 after purchasing an additional 2,783 shares in the last quarter. Finally, Comerica Bank purchased a new position in SITE Centers in the 3rd quarter valued at approximately $157,000.
SITE Centers stock traded up $0.06 during mid-day trading on Friday, reaching $12.99. 1,625,048 shares of the company were exchanged, compared to its average volume of 1,468,144. SITE Centers has a twelve month low of $12.53 and a twelve month high of $15.85. The firm’s 50-day simple moving average is $13.19 and its two-hundred day simple moving average is $14.12.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date is Monday, March 9th.
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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