Piper Sandler Refreshes Estimates on SITE Centers (SITC) After Quarterly Update

Core Viewpoint - SITE Centers Corp. is recognized as one of the 13 dividend stocks yielding over 8% [1] Group 1: Financial Updates - Piper Sandler analyst Alexander Goldfarb has lowered the price target for SITE Centers Corp. to $8 from $10 while maintaining an Overweight rating [2] - The adjustment in estimates reflects recent company announcements and refinements in Q3 2025 models [2] Group 2: Recent Transactions - On January 16, SITE Centers announced the sale of its partnership interests in the RVIP IIIB joint venture for approximately $20.8 million [3] - Earlier in December, the company agreed to sell Perimeter Pointe in Atlanta for about $48.0 million, with no proceeds used to repay mortgage debt as it was already paid off [4] Group 3: Company Overview - SITE Centers Corp. operates as a self-administered, self-managed REIT, focusing on open-air shopping centers with a fully integrated real estate platform [5]