With 1.09 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.74 million shares. During the session, the REIT – Retail company that operates in wider Real Estate sector, reached to the highest price of $16.4208 whereas the lowest price it dropped to was $15.94. The 52-week range on SITC shows that it touched its highest point at $18.15 and its lowest point at $9.58 during that stretch. It currently has a 1-year price target of $16.09. With its current market cap of 838.36 million, SITC has annualized dividend of $0.39 while the current yield stands at 2.44%. Beta for the stock currently stands at 1.62.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SITC was down-trending over the past week, with a drop of -2.68%, but this was down by -8.37% over a month. Three-month performance surged to 34.31% while six-month performance rose 47.77%. The stock gained 64.45% in the past year, while it has gained 50.37% so far this year. A look at the trailing 12-month EPS for SITC yields 13.71 with Next year EPS estimates of -0.33. For the next quarter, that number is -0.09. This implies an EPS growth rate of 306.31% for this year and -108.58% for next year. EPS is expected to grow by 40.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.89%.
Float and Shares Shorts:
At present, 52.26 million SITC shares are outstanding with a float of 47.91 million shares on hand for trading. On 2024-10-15, short shares totaled 1.49 million, which was 282.99998 higher than short shares on 1726185600. In addition to Mr. David R. Lukes as the firm’s President, CEO & Director, Mr. John M. Cattonar serves as its Executive VP, Chief Investment Officer & Director.
Institutional Ownership:
Through their ownership of 0.91823 of SITC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, SITC reported revenue of $90763000.0 and operating income of $13046000.0. The EBITDA in the recently reported quarter was $37775000.0 and diluted EPS was $6.07.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SITC since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SITC analysts setting a high price target of 57.0 and a low target of 15.0, the average target price over the next 12 months is 24.33. Based on these targets, SITC could surge 256.47% to reach the target high and fall by -6.19% to reach the target low. Reaching the average price target will result in a growth of 52.16% from current levels.
The surprise factor in the prior quarter was $0.15. Based on analyst estimates, the high estimate for the next quarter is $0.29 and the low estimate is -$0.47. The average estimate for the next quarter is thus -$0.18.
