Piper Sandler Reiterates Overweight Rating on SITE Centers Corp. (SITC)

Piper Sandler analyst Alex Goldfarb reiterated an Overweight rating on SITE Centers Corp. (NYSE: SITC).

The analyst commented: "2Q25 Preview: Reiterate OW as the post-spin portfolio monetization begins. The retail transaction market is strengthening, as seen by larger open air and malls trading. SITC's remaining 32 assets range from 45k sf to 760k sf, which we believe appeal to a wide range of prospective buyers. Based on the initial sales in June, we estimate ~40% potential upside between the current stock price and our estimate of NAV, which assumes the maximum wind down costs."

For an analyst ratings summary and ratings history on SITE Centers Corp. click here. For more ratings news on SITE Centers Corp. click here.

Shares of SITE Centers Corp. closed at $11.44 yesterday.

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