SITE Centers (NASDAQ:SITC) Cut to “Neutral” at Mizuho
Mizuho downgraded shares of SITE Centers (NASDAQ:SITC) from a buy rating to a neutral rating in a research note published on Friday, BenzingaRatingsTable reports. Mizuho currently has $14.00 target price on the stock.
Separately, Compass Point assumed coverage on shares of SITE Centers in a research report on Thursday, August 15th. They set a neutral rating and a $14.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $14.00.
Shares of NASDAQ:SITC opened at $14.67 on Friday. SITE Centers has a 52 week low of $10.71 and a 52 week high of $15.23. The company has a 50-day moving average price of $13.99 and a 200 day moving average price of $13.52.
The business also recently declared a — dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Monday, September 23rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a dividend yield of 5.4%.
Several hedge funds have recently bought and sold shares of the company. FMR LLC lifted its position in shares of SITE Centers by 10.2% during the 1st quarter. FMR LLC now owns 6,350,438 shares of the company’s stock valued at $86,492,000 after acquiring an additional 589,325 shares during the period. LSV Asset Management lifted its position in shares of SITE Centers by 0.6% during the 1st quarter. LSV Asset Management now owns 5,231,774 shares of the company’s stock valued at $71,256,000 after acquiring an additional 29,350 shares during the period. Frontier Capital Management Co. LLC lifted its position in shares of SITE Centers by 29.4% during the 1st quarter. Frontier Capital Management Co. LLC now owns 3,219,451 shares of the company’s stock valued at $43,849,000 after acquiring an additional 731,075 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of SITE Centers during the 4th quarter valued at approximately $26,986,000. Finally, Heitman Real Estate Securities LLC lifted its position in shares of SITE Centers by 11.2% during the 2nd quarter. Heitman Real Estate Securities LLC now owns 2,422,407 shares of the company’s stock valued at $32,073,000 after acquiring an additional 244,888 shares during the period.
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.
Further Reading: Equal Weight Rating
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