SITE Centers (SITC) Issues FY19 Earnings Guidance
SITE Centers (NASDAQ:SITC) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $1.13-1.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.17.
SITC has been the subject of several research analyst reports. Mizuho upgraded SITE Centers from a neutral rating to a buy rating and upped their price objective for the company from $12.00 to $14.00 in a report on Wednesday, January 23rd. Capital One Financial upgraded SITE Centers from an equal weight rating to an overweight rating in a report on Friday, November 30th. Finally, Zacks Investment Research lowered SITE Centers from a hold rating to a sell rating in a report on Saturday, January 26th.
Shares of SITE Centers stock traded up $0.31 during trading on Thursday, hitting $13.30. The stock had a trading volume of 968,900 shares, compared to its average volume of 1,078,146. SITE Centers has a fifty-two week low of $10.71 and a fifty-two week high of $15.07.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Thursday, March 14th.
In related news, CEO David R. Lukes bought 15,000 shares of SITE Centers stock in a transaction dated Monday, December 31st. The stock was acquired at an average cost of $11.00 per share, with a total value of $165,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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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