SITE Centers Corp. Forecasted to Post Q2 2019 Earnings of $0.29 Per Share (NASDAQ:SITC)

SITE Centers Corp. (NASDAQ:SITC) – Equities researchers at KeyCorp increased their Q2 2019 earnings per share (EPS) estimates for SITE Centers in a report released on Monday, June 24th, according to Zacks Investment Research. KeyCorp analyst T. Thomas now anticipates that the company will earn $0.29 per share for the quarter, up from their previous estimate of $0.28. KeyCorp also issued estimates for SITE Centers’ FY2019 earnings at $1.19 EPS, Q3 2020 earnings at $0.30 EPS, Q4 2020 earnings at $0.30 EPS and FY2020 earnings at $1.18 EPS.

Shares of NASDAQ SITC traded down $0.01 during mid-day trading on Wednesday, reaching $13.23. 884,926 shares of the company were exchanged, compared to its average volume of 1,031,568. The stock has a 50 day moving average of $13.25. SITE Centers has a 52 week low of $10.71 and a 52 week high of $14.84.

SITE Centers (NASDAQ:SITC) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $113.69 million for the quarter, compared to the consensus estimate of $117.95 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The business’s revenue was down 45.1% on a year-over-year basis.

A number of institutional investors have recently bought and sold shares of SITC. American International Group Inc. purchased a new stake in SITE Centers during the 4th quarter worth about $31,000. Commonwealth Bank of Australia acquired a new stake in SITE Centers during the 4th quarter valued at $70,000. NumerixS Investment Technologies Inc acquired a new stake in SITE Centers during the 1st quarter valued at $108,000. TLP Group LLC acquired a new stake in SITE Centers during the 4th quarter valued at $108,000. Finally, Paloma Partners Management Co acquired a new stake in SITE Centers during the 4th quarter valued at $111,000.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 12th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 6.05%. The ex-dividend date was Tuesday, June 11th.

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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Earnings History and Estimates for SITE Centers (NASDAQ:SITC)

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