SITE Centers (SITC) Stock Forecast, Price Target & Predictions
SITC Stock Forecast
SITE Centers stock forecast is as follows: an average price target of $30.00 (represents a -50.32% downside from SITC’s last price of $60.39) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
SITC Price Target
The average price target for SITE Centers (SITC) is $30.00 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $68.00 to $13.00. This represents a potential -50.32% downside from SITC's last price of $60.39.
SITC Analyst Ratings
According to 5 Wall Street analysts, SITE Centers's rating consensus is 'Buy'. The analyst rating breakdown for SITC stock is 0 'Strong Buy' (0.00%), 3 'Buy' (60.00%), 2 'Hold' (40.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
SITE Centers Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 28, 2024 | Samir Khanal | Evercore ISI | $64.00 | $61.03 | 4.87% | 5.98% |
| Aug 28, 2024 | Dori Kesten | Wells Fargo | $68.00 | $61.03 | 11.42% | 12.60% |
| Jul 31, 2024 | Alexander Goldfarb | Piper Sandler | $18.00 | $16.01 | 12.43% | -70.19% |
| Jul 30, 2024 | Steve Sakwa | Evercore ISI | $16.00 | $16.01 | -0.06% | -73.51% |
| Apr 01, 2024 | Dori Kesten | Wells Fargo | $15.50 | $14.54 | 6.60% | -74.33% |
| Dec 02, 2022 | Ki Bin Kim | Truist Financial | $14.00 | $13.53 | 3.47% | -76.82% |
| Jul 15, 2022 | - | Morgan Stanley | $13.00 | $13.39 | -2.91% | -78.47% |
| May 13, 2022 | - | Morgan Stanley | $15.00 | $14.88 | 0.84% | -75.16% |
| Aug 30, 2021 | Ki Bin Kim | Truist Financial | $15.00 | $15.59 | -3.78% | -75.16% |
| Jul 30, 2021 | Todd Thomas | KeyBanc | $18.00 | $15.49 | 16.20% | -70.19% |
The latest SITE Centers stock forecast, released on Aug 28, 2024 by Samir Khanal from Evercore ISI, set a price target of $64.00, which represents a 4.87% increase from the stock price at the time of the forecast ($61.03), and a 5.98% increase from SITC last price ($60.39).
SITE Centers Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 4 | 5 |
| Avg Price Target | $66.00 | $41.50 | $36.30 |
| Last Closing Price | $60.39 | $60.39 | $60.39 |
| Upside/Downside | 9.29% | -31.28% | -39.89% |
In the current month, the average price target of SITE Centers stock is $66.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 9.29% increase as opposed to SITE Centers's last price of $60.39. This month's average price target is up 59.04% compared to last quarter, and up 81.82% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 28, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Jul 31, 2024 | Compass Point | Neutral | Neutral | Hold |
| Jul 31, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Apr 01, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Sep 20, 2023 | Wells Fargo | - | Overweight | Upgrade |
| Aug 16, 2022 | Mizuho Securities | - | Buy | Upgrade |
| Jul 15, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| May 13, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
SITE Centers's last stock rating was published by Wells Fargo on Aug 28, 2024. The company gave SITC a "Overweight" rating, the same as its previous rate.
SITE Centers Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| UE | Urban Edge Properties | $21.43 | $25.00 | 16.66% | Buy |
| IVT | InvenTrust Properties | $29.79 | $32.00 | 7.42% | Buy |
| BFS | Saul Centers | $41.06 | $43.50 | 5.94% | Buy |
| NTST | NETSTREIT | $17.08 | $17.58 | 2.93% | Hold |
| KRG | Kite Realty Group Trust | $26.83 | $27.50 | 2.50% | Buy |
| BRX | Brixmor Property Group | $28.02 | $27.60 | -1.50% | Buy |
| ROIC | Retail Opportunity Investments | $15.97 | $15.00 | -6.07% | Buy |
| AKR | Acadia Realty Trust | $22.97 | $19.50 | -15.11% | Hold |
| SITC | SITE Centers | $60.39 | $30.00 | -50.32% | Buy |
SITC Forecast FAQ
Is SITE Centers a good buy?
Yes, according to 5 Wall Street analysts, SITE Centers (SITC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 60.00% of SITC's total ratings.
What is SITC's price target?
SITE Centers (SITC) average price target is $30 with a range of $13 to $68, implying a -50.32% from its last price of $60.39. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will SITE Centers stock go up soon?
According to Wall Street analysts' prediction for SITC stock, the company can go down by -50.32% (from the last price of $60.39 to the average price target of $30), up by 12.60% based on the highest stock price target, and down by -78.47% based on the lowest stock price target.
Can SITE Centers stock reach $90?
SITC's average twelve months analyst stock price target of $30 does not support the claim that SITE Centers can reach $90 in the near future.
What is SITE Centers's current price target trend?
2 Wall Street analysts forecast a $66 price target for SITE Centers (SITC) this month, up 9.29% from its last price of $60.39. Compared to the last 3 and 12 months, the average price target decreased by -31.28% and decreased by -39.89%, respectively.