Piper Sandler analyst Alexander Goldfarb maintained a Buy rating on SITE Centers (SITC – Research Report) today and set a price target of $17.00. The company’s shares closed yesterday at $12.61.
Goldfarb covers the Real Estate sector, focusing on stocks such as Howard Hughes Holdings, SL Green Realty, and UDR. According to TipRanks, Goldfarb has an average return of 0.8% and a 49.54% success rate on recommended stocks.
SITE Centers has an analyst consensus of Moderate Buy, with a price target consensus of $14.96, a 18.64% upside from current levels. In a report released on October 31, Stifel Nicolaus also maintained a Buy rating on the stock with a $15.25 price target.
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SITC market cap is currently $2.67B and has a P/E ratio of 30.91.
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SITE Centers (SITC) Company Description:
SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company was founded in 1965 and is headquartered in Beachwood, OH.
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