Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
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
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
SC 13D/A - SITE Centers Corp. (0000894315) (Subject)
SC 13G/A - SITE Centers Corp. (0000894315) (Subject)
SC 13D/A - SITE Centers Corp. (0000894315) (Subject)
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
8-K - SITE Centers Corp. (0000894315) (Filer)
8-K - SITE Centers Corp. (0000894315) (Filer)
8-K - SITE Centers Corp. (0000894315) (Filer)
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
3 - SITE Centers Corp. (0000894315) (Issuer)
3 - SITE Centers Corp. (0000894315) (Issuer)
4 - SITE Centers Corp. (0000894315) (Issuer)
SITE Centers Corp. (NYSE:SITC) (the "Company") today announced that its Board of Directors has unanimously approved a one-for-four reverse stock split of the Company's common shares. The reverse stock split was authorized by the Company's shareholders at the annual meeting of shareholders held on May 8, 2024. As a result of the reverse stock split, every four of the Company's issued common shares will be exchanged for one of the Company's common shares. The Company's shareholders will not receive fractional shares in connection with the reverse stock split but will receive cash in lieu of fractional shares. The Company currently anticipates that its common shares will begin trading on a spli
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today that it has closed on the sale of a six-property portfolio to an affiliate of Pine Tree for a price of $495 million prior to closing pro-rations, allocations and credits. The sale excluded 93,607 square feet of gross leasable area at three properties retained by the Company and intended to be included in the expected spin-off of Curbline Properties.
Wells Fargo analyst Dori Kesten maintains SITE Centers (NYSE:SITC) with a Overweight and raises the price target from $15.5 to $16.