Morgan Stanley (NYSE:MS) analyst Richard Hill maintained a Hold rating on SITE Centers (NYSE:SITC) on Thursday, setting a price target of $5.8, which is approximately 28.40% below the present share price of $8.1.
Hill expects SITE Centers to post earnings per share (EPS) of $0.15 for the third quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Hold rating of shares in SITE Centers, with an average price target of $7.
The analysts price targets range from a high of $10 to a low of $4.5.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $129.31 million and a net profit of $20.75 million. The company's market cap is $1.56 billion.
According to TipRanks.com, Morgan Stanley analyst Richard Hill is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.2% and a 51.43% success rate.
SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company was founded in 1965 and is headquartered in Beachwood, OH.