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

SITE Centers Corp. (NASDAQ:SITC) announced a dividend on Thursday, November 7th, Fidelity reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.20 per share on Tuesday, January 7th. The ex-dividend date is Thursday, December 12th.

SITC traded down $0.11 on Tuesday, reaching $14.19. 146,879 shares of the stock were exchanged, compared to its average volume of 1,056,325. The company’s 50-day moving average price is $14.89 and its 200 day moving average price is $14.13. SITE Centers has a fifty-two week low of $10.71 and a fifty-two week high of $15.85.

SITE Centers (NASDAQ:SITC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.22). The business had revenue of $109.70 million during the quarter, compared to the consensus estimate of $111.73 million. During the same period in the prior year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was down 15.0% compared to the same quarter last year.

SITC has been the subject of a number of research reports. Zacks Investment Research raised SITE Centers from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, October 1st. Stifel Nicolaus raised SITE Centers from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Thursday, November 21st. Citigroup lifted their price target on SITE Centers from $13.50 to $14.50 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Mizuho cut SITE Centers from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a research report on Friday, September 13th. Finally, Compass Point cut SITE Centers from a “neutral” rating to a “sell” rating and set a $13.50 price target for the company. in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $14.80.

About SITE Centers

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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Dividend History for SITE Centers (NASDAQ:SITC)

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