SITE Centers 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.
IPO Year:
Exchange: NYSE
Website: sitecenters.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/7/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
10/2/2024 | $19.00 | Overweight → Equal Weight | Wells Fargo |
1/5/2024 | Outperform → Peer Perform | Wolfe Research | |
9/20/2023 | $15.00 | Equal Weight → Overweight | Wells Fargo |
5/24/2023 | $12.50 | Equal Weight | Wells Fargo |
1/10/2023 | $14.00 → $13.00 | Buy → Neutral | Mizuho |
8/16/2022 | $15.00 → $17.00 | Neutral → Buy | Mizuho |
3/3/2022 | $17.00 → $16.50 | Equal-Weight | Morgan Stanley |
9/23/2021 | $19.00 | Outperform | Wolfe Research |
8/19/2021 | $15.75 → $16.50 | Equal-Weight | Morgan Stanley |
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KeyBanc Capital Markets downgraded SITE Centers from Overweight to Sector Weight
Wells Fargo downgraded SITE Centers from Overweight to Equal Weight and set a new price target of $19.00
Wolfe Research downgraded SITE Centers from Outperform to Peer Perform
Wells Fargo upgraded SITE Centers from Equal Weight to Overweight and set a new price target of $15.00
Wells Fargo initiated coverage of SITE Centers with a rating of Equal Weight and set a new price target of $12.50
Mizuho downgraded SITE Centers from Buy to Neutral and set a new price target of $13.00 from $14.00 previously
Mizuho upgraded SITE Centers from Neutral to Buy and set a new price target of $17.00 from $15.00 previously
Morgan Stanley reiterated coverage of SITE Centers with a rating of Equal-Weight and set a new price target of $16.50 from $17.00 previously
Wolfe Research initiated coverage of SITE Centers with a rating of Outperform and set a new price target of $19.00
Morgan Stanley reiterated coverage of SITE Centers with a rating of Equal-Weight and set a new price target of $16.50 from $15.75 previously
NEW YORK, Sept. 26, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 and S&P MidCap 400: S&P SmallCap 600 constituent The Ensign Group Inc. (NASD: ENSG) will replace Southwestern Energy Co. (NYSE:SWN) in the S&P MidCap 400 and TransMedics Group, Inc. (NASD: TMDX) will replace The Ensign Group in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, October 1. S&P MidCap 400 constituent Chesapeake Energy Corp. (NASD: CHK) is acquiring Southwestern Energy in a deal expected to be completed October 1.Curbline Properties Corp. (NYSE:CURB) will be added to the S&P SmallCap 600 effective prior to the open of trading on Tuesda
Hudson Pacific Properties, Inc. (NYSE:HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced that Barry Sholem has been appointed to the company's Board of Directors effective March 13, 2023. Sholem succeeds outgoing board member Robert Harris II. Sholem is the Founder and Partner of Real Estate for investment advisory firm MSD Partners, L.P., and currently serves as the Chairman and Senior Advisor of Real Estate for BDT & MSD Partners, a merchant bank. He previously served as Chairman of DLJ Real Estate Capital Partners, a real estate fund that he co-founded and that invested in a broad range of real estate-related assets. Prior to that, he
WeWork Inc. (NYSE:WE), a leading global flexible space provider, today announced that Daniel Hurwitz, co-founder & CEO of Raider Hill Advisors, has joined WeWork's Board of Directors, effective June 23, 2022. He succeeds Jeffrey Sine, co-founder and partner of The Raine Group, who served on WeWork's Board since October 2019. With more than three decades of experience transforming public and private businesses in the retail real estate industry, Hurwitz will bring exceptional insight to WeWork's Board of Directors. Before co-founding Raider Hill Advisors, Hurwitz spent 16 years at SITE Centers (NYSE:SITC) – formerly known as DDR Corp. – serving in various executive roles, including Chief Ex
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NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers") today provided additional information related to the spin-off and distribution of Curbline Properties Corp. (NYSE:CURB) ("Curbline Properties" or "CURB"). On October 1, 2024, each shareholder of SITE Centers received two common shares of Curbline Properties in a taxable spin. The fair market value of the CURB shares received by SITE Centers shareholders for federal income tax purposes has been determined by SITE Centers to be $22.29 per CURB share. Based upon preliminary taxable net income analysis to date, the Company estimates that approximately 21% of the CURB distribution constitutes a taxable capital gain and approximat
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers primarily in suburban, high household income communities, announced today operating results for the quarter ended September 30, 2024. "SITE Centers completed the planned spin-off of Curbline Properties on October 1, unlocking a unique and scalable opportunity focused on convenience real estate and providing investors with two distinct business plans," commented David R. Lukes, President and Chief Executive Officer. "Following the disposition of 25 properties during the third quarter for an aggregate price of $1.4 billion, the Company has completed the sale of substantially all of the properties that had been in its activ
SITE Centers Corp. (NYSE:SITC) announced today that it intends to release its third quarter earnings prior to the market open on October 30, 2024. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers located primarily in suburban, high household income communities. 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. Additional information about the Company is available at www.sitecenters.com. To be included in the Company's e-mail distributions for press releases and other investor news, please click here. View
On October 1, 2024, Curbline Properties Corp. (NYSE:CURB) ("CURB" or "Curbline") completed its separation from SITE Centers Corp. (NYSE:SITC) ("SITC") and became an independent publicly traded company. In the separation, SITC distributed two CURB common shares for every SITC common share held by SITC shareholders on the close of business on September 23, 2024 (the "Distribution"). The fair market value of CURB's common stock received by SITC shareholders in the Distribution for federal income tax purposes has been determined to be $22.29 per share based on the average closing price per share of CURB's common stock on its first three trading days beginning October 1, 2024. The impact of th
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers") today announced that it has completed the previously announced spin-off of Curbline Properties Corp. ("Curbline"), which is now an independent, publicly traded company that will begin regular-way trading today on the New York Stock Exchange ("NYSE") under the ticker symbol "CURB." Curbline is an owner of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. Curbline plans to elect to be treated as a real estate investment trust ("REIT") for U.S. federal income tax purposes. SITE Centers shareholders received two sh
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers"), an owner of open-air shopping centers in suburban, high household income communities, today provided an update on transaction activity along with updated projected Curbline Properties Corp. ("Curbline") balance sheet information. From September 17, 2024 to September 27, 2024, SITE Centers sold 11 wholly owned properties for an aggregate gross price of $610.1 million. As a result of disposition activity, Curbline is now expected to be capitalized with $800 million of cash at the time of the spin-off in addition to a $400 million undrawn, unsecured line of credit, a $100 million unsecured, delayed draw term loan and no indebte
NEW YORK, Sept. 26, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 and S&P MidCap 400: S&P SmallCap 600 constituent The Ensign Group Inc. (NASD: ENSG) will replace Southwestern Energy Co. (NYSE:SWN) in the S&P MidCap 400 and TransMedics Group, Inc. (NASD: TMDX) will replace The Ensign Group in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, October 1. S&P MidCap 400 constituent Chesapeake Energy Corp. (NASD: CHK) is acquiring Southwestern Energy in a deal expected to be completed October 1.Curbline Properties Corp. (NYSE:CURB) will be added to the S&P SmallCap 600 effective prior to the open of trading on Tuesda
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers"), an owner of open-air shopping centers in suburban, high household income communities, today announced that in anticipation of the planned spin-off of Curbline Properties Corp. ("Curbline" or "CURB"), Gary Boston, John Cattonar, and Cynthia Foster Curry have been appointed to the SITE Centers Board of Directors effective on the date immediately preceding the spin-off's closing (with the closing currently expected to be October 1, 2024). Following these appointments and the expected resignation of the six current independent directors who will join the Curbline Board of Directors as outlined in CURB's publicly filed Registratio
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers"), an owner of open-air shopping centers in suburban, high household income communities, today provided an update on third quarter 2024 to date transaction and financing activity along with updated projected SITE Centers and Curbline Properties ("Curbline") balance sheet information. In the third quarter to date, SITE Centers has sold 13 wholly owned properties for an aggregate gross price of $714.3 million. Net proceeds were used, in part, to repay $159.0 million of the $530.0 million SITE Centers mortgage facility originally secured by 23 properties. The Company has also acquired six convenience shopping centers for an aggreg
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers") today provided additional information related to the spin-off and distribution of Curbline Properties Corp. (NYSE:CURB) ("Curbline Properties" or "CURB"). On October 1, 2024, each shareholder of SITE Centers received two common shares of Curbline Properties in a taxable spin. The fair market value of the CURB shares received by SITE Centers shareholders for federal income tax purposes has been determined by SITE Centers to be $22.29 per CURB share. Based upon preliminary taxable net income analysis to date, the Company estimates that approximately 21% of the CURB distribution constitutes a taxable capital gain and approximat
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers primarily in suburban, high household income communities, announced today operating results for the quarter ended September 30, 2024. "SITE Centers completed the planned spin-off of Curbline Properties on October 1, unlocking a unique and scalable opportunity focused on convenience real estate and providing investors with two distinct business plans," commented David R. Lukes, President and Chief Executive Officer. "Following the disposition of 25 properties during the third quarter for an aggregate price of $1.4 billion, the Company has completed the sale of substantially all of the properties that had been in its activ
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its third quarter 2024 Preferred Class A stock dividend of $0.39844 per depositary share. Each Class A depositary share is equal to one-twentieth of a share of SITE Centers' 6.375% Class A Cumulative Redeemable Preferred Stock. The declared Preferred Class A dividend covers the period beginning July 15, 2024 and ending October 14, 2024. The declared Preferred Class A Dividend is payable in cash on October 15, 2024 to shareholders of record at the close of business on September 30, 2024. About SITE Centers Corp. SITE Centers is an owner and manager of ope
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today operating results for the quarter ended June 30, 2024. "The planned spin-off of Curbline Properties remains on track with further progress in the second quarter across all fronts highlighted by nearly $1 billion of quarterly transactions, 24% trailing-twelve month new leasing spreads for Curbline Properties, and over $50 million of debt repurchased or retired prior to maturity," commented David R. Lukes, President and Chief Executive Officer. "We remain excited to launch and scale what is expected to be the first public real estate company focused exclusive
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today that financial and operational results for the quarter ended June 30, 2024 will be released prior to the market open on July 30, 2024. The Company will host its quarterly earnings conference call and audio webcast on July 30, 2024, at 8:00 a.m. Eastern Time. All interested parties can access the earnings call by dialing 888-317-6003 (U.S.), 866-284-3684 (Canada), or 412-317-6061 (international) using passcode 2886949. The call will also be webcast and available in a listen-only mode on SITE Centers' website at ir.sitecenters.com. If you are unable to part
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, today provided an update on second quarter 2024 transaction and financing activity in connection with presentations at NAREIT's REITweek Investor Conference. "SITE Centers has closed on the sale of two properties in the second quarter to date for an aggregate gross sale price of $50.2 million bringing total dispositions since June 30, 2023 to $1.0 billion. In addition to completed sales to date, the Company has executed contracts to sell $649.6 million of assets where the general due diligence period has expired with an additional $1.2 billion of assets with executed contr
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its second quarter 2024 Preferred Class A stock dividend of $0.39844 per depositary share. Each Class A depositary share is equal to one-twentieth of a share of SITE Centers' 6.375% Class A Cumulative Redeemable Preferred Stock. The declared Preferred Class A dividend covers the period beginning April 15, 2024 and ending July 14, 2024. The declared Preferred Class A Dividend is payable in cash on July 15, 2024 to shareholders of record at the close of business on June 28, 2024. About SITE Centers Corp. SITE Centers is an owner and manager of open-air sho
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared a dividend on its common stock of $0.13 per share for the second quarter of 2024. The dividend is payable on July 9, 2024 to shareholders of record at the close of business on June 18, 2024. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. 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. Additional information about t
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today operating results for the quarter ended March 31, 2024. "SITE Centers made additional progress on the announced planned spin-off of the Company's Convenience assets in the first quarter highlighted by $189 million of year-to-date transaction activity and remains on track to form and scale what is expected to be the first public real estate company focused exclusively on Convenience properties," commented David R. Lukes, President and Chief Executive Officer. "We remain excited by the prospects and opportunity set for both SITE Centers and Curbline Propertie
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