Piper Sandler Adjusts SITE Centers (SITC) Price Target Higher, Maintains Neutral View

SITE Centers Corp. (NYSE:SITC) is included among the 10 Best Dividend Stocks Yielding at Least 7% According to Hedge Funds.

Piper Sandler Adjusts SITE Centers (SITC) Price Target Higher, Maintains Neutral View

On April 22, Piper Sandler analyst Alexander Goldfarb raised the firm’s price recommendation on SITE Centers Corp. (NYSE:SITC) to $6 from $5.50 ahead of quarterly results. The firm maintained a Neutral rating on the shares.

During the Q4 2025 earnings call, the company described 2025 as a very active year focused on unlocking value and returning capital to shareholders. It reported the sale of 14 properties for a total of $752.5 million. Over the same period, it declared total dividends of $6.75 per share. The company also said it had fully repaid all consolidated mortgage debt.

President and CEO David R. Lukes stated that the remaining wholly owned retail real estate assets were being marketed for sale, as the company continued to focus on maximizing shareholder value. He added that, following the spinoff of Curbline Properties, SITE Centers had already sold more than 66% of its assets based on net operating income as of December 31, 2024, on a pro rata basis. He also said the company was continuing to return the remaining capital to shareholders.

SITE Centers Corp. (NYSE:SITC) owns and manages open-air shopping centers, primarily located in suburban, household-income communities. It operates as a self-administered and self-managed real estate investment trust, functioning as a fully integrated real estate company.

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