Piper Sandler analyst Alexander Goldfarb maintained a Buy rating on SITE Centers (SITC – Research Report) today and set a price target of $16.00. The company’s shares closed yesterday at $13.91.
According to TipRanks, Goldfarb is a 4-star analyst with an average return of 2.6% and a 56.85% success rate. Goldfarb covers the Real Estate sector, focusing on stocks such as AvalonBay, SL Green Realty, and Essex Property.
Currently, the analyst consensus on SITE Centers is a Moderate Buy with an average price target of $14.16.
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Based on SITE Centers’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $144.76 million and a net profit of $48.64 million. In comparison, last year the company earned a revenue of $140.68 million and had a net profit of $60.39 million
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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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