SITE Centers stock cut to Neutral at Piper Sandler after revised NAV estimate
SITE Centers (SITC) was downgraded to Neutral by Piper Sandler after a revised net asset value estimate of $6.40, leading to an 8.52% drop in shares to $6.18. Analysts noted insufficient upside potential despite possible asset sale gains. The target price was reduced from $8.00 to $6.50, with 2026 and 2027 FFO estimates cut to -$0.08 and -$0.14, respectively. The rating aligns with a Hold consensus among Wall Street analysts, while Seeking Alpha's Quant Rating system rates the stock as Strong Sell.
Source: businessinsider The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments