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

SITE Centers Corp. (NYSE:SITC) is included among the 13 Dividend Stocks with Over 8% Yield.

On January 5, Piper Sandler analyst Alexander Goldfarb lowered SITE Centers Corp. (NYSE:SITC)’s price target to $8 from $10 and kept an Overweight rating on the stock. The firm said, “out with the old estimates and in with the new,” as it carried out its standard post-quarter update. This process mainly reflects recent company announcements and additional refinement of its Q3 2025 models.

On January 16, the company announced the sale of its partnership interests in the RVIP IIIB joint venture, which owns Deer Park Town Center in Deer Park, Illinois. The stake is being sold to Site Centers’ existing joint venture partner for approximately $20.8 million, before closing costs.

Earlier in December, Site Centers said it agreed to sell Perimeter Pointe in Atlanta for about $48.0 million, prior to closing costs, prorations, and other closing adjustments. The company noted that none of the proceeds were used to repay mortgage debt, as its existing mortgage facility had already been paid off in full on December 18, 2025.

SITE Centers Corp. (NYSE:SITC) is an owner and operator of open-air shopping centers and operates as a self-administered, self-managed REIT with a fully integrated real estate platform.

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