KeyBanc Capital Markets Downgrades SITE Centers Corp (SITC) to a Sector weight from an Overweight

SITE Centers Corp’s recent filing unveils that its EVP & Chief Investment Officer Cattonar John M unloaded Company’s shares for reported $0.13 million on Dec 23 ’24. In the deal valued at $15.22 per share,8,794 shares were sold. As a result of this transaction, Cattonar John M now holds 0 shares worth roughly $0.0.

Then, Cattonar John M bought 8,794 shares, generating $135,955 in total proceeds.

Before that, Sweeney Dawn M. sold 7,490 shares. SITE Centers Corp shares valued at $115,314 were divested by the Director at a price of $15.40 per share. As a result of the transaction, Sweeney Dawn M. now holds 21,592 shares, worth roughly $0.28 million.

KeyBanc Capital Markets downgraded its SITE Centers Corp [SITC] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. Wolfe Research also remained covering SITC and has decreased its forecast on January 05, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. Wells Fargo revised its rating on September 20, 2023. It rated SITC as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of SITC

On Tuesday, SITE Centers Corp [NYSE:SITC] saw its stock jump 0.39% to $12.81. Over the last five days, the stock has gained 11.39%. SITE Centers Corp shares have risen nearly 13.55% since the year began. Nevertheless, the stocks have fallen -16.22% over the past one year. While a 52-week high of $18.15 was reached on 01/27/25, a 52-week low of $10.45 was recorded on 04/09/25.

Levels Of Support And Resistance For SITC Stock

The 24-hour chart illustrates a support level at 12.68, which if violated will result in even more drops to 12.55. On the upside, there is a resistance level at 12.92. A further resistance level may holdings at 13.03.

How much short interest is there in SITE Centers Corp?

A steep rise in short interest was recorded in SITE Centers Corp stocks on 2025-05-30, dropping by -0.18 million shares to a total of 2.59 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 2.77 million shares. There was a decline of -6.94%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 24, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $12.50 price target.

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