SITE Centers Corp. Announces — Dividend of $0.20 (NASDAQ:SITC)

SITE Centers Corp. (NASDAQ:SITC) declared a — dividend on Friday, September 13th, Wall Street Journal reports. Shareholders of record on Monday, September 23rd will be paid a dividend of 0.20 per share on Tuesday, October 8th. This represents a dividend yield of 5.4%. The ex-dividend date is Friday, September 20th.

Shares of SITC stock traded down $0.30 during mid-day trading on Friday, hitting $14.70. 1,248,226 shares of the stock were exchanged, compared to its average volume of 1,030,480. The stock’s fifty day simple moving average is $13.91 and its two-hundred day simple moving average is $13.50. SITE Centers has a 12-month low of $10.71 and a 12-month high of $15.23.

SITE Centers (NASDAQ:SITC) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.23). The business had revenue of $113.50 million during the quarter, compared to the consensus estimate of $113.12 million. The business’s revenue for the quarter was down 44.4% on a year-over-year basis.

Several equities analysts have issued reports on SITC shares. Mizuho lowered SITE Centers from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a report on Friday. Compass Point started coverage on SITE Centers in a report on Thursday, August 15th. They set a “neutral” rating and a $14.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.00.

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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