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Recommendations
Site Centers price target raised to $13 from $11 at Truist » 07:51
03/31/21
03/31
07:51
03/31/21
07:51
SITC

Site Centers

$13.72 /

+0.565 (+4.29%)

Truist analyst Ki Bin Kim…

Truist analyst Ki Bin Kim raised the firm's price target on Site Centers to $13 from $11 and keeps a Hold rating on the shares as part of his broader research note on REITs that updates estimates based on the group's Q4 results, recent events, and adjusted revenue growth and expense assumptions.

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SITC Site Centers
$13.72 /

+0.565 (+4.29%)

SITC Site Centers
$13.72 /

+0.565 (+4.29%)

03/04/21 KeyBanc
Site Centers upgraded to Overweight at KeyBanc
03/04/21 KeyBanc
Site Centers upgraded to Overweight from Sector Weight at KeyBanc
02/23/21 Mizuho
Site Centers price target raised to $13 from $10.50 at Mizuho
01/14/21 Piper Sandler
Site Centers upgraded to Overweight from Neutral at Piper Sandler
SITC Site Centers
$13.72 /

+0.565 (+4.29%)

  • 02
    Mar
Conference/Events
Site Centers management to meet virtually with Piper Sandler » 04:55
03/17/21
03/17
04:55
03/17/21
04:55
SITC

Site Centers

$13.62 /

-0.48 (-3.40%)

Virtual Meeting to be…

Virtual Meeting to be held on March 17 hosted by Piper Sandler.

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SITC Site Centers
$13.62 /

-0.48 (-3.40%)

SITC Site Centers
$13.62 /

-0.48 (-3.40%)

03/04/21 KeyBanc
Site Centers upgraded to Overweight at KeyBanc
03/04/21 KeyBanc
Site Centers upgraded to Overweight from Sector Weight at KeyBanc
02/23/21 Mizuho
Site Centers price target raised to $13 from $10.50 at Mizuho
01/14/21 Piper Sandler
Site Centers upgraded to Overweight from Neutral at Piper Sandler
SITC Site Centers
$13.62 /

-0.48 (-3.40%)

  • 02
    Mar
Conference/Events
Site Centers management to meet virtually with Piper Sandler » 11:08
03/16/21
03/16
11:08
03/16/21
11:08
SITC

Site Centers

$13.67 /

-0.54 (-3.80%)

Virtual Meeting to be…

Virtual Meeting to be held on March 17 hosted by Piper Sandler.

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SITC Site Centers
$13.67 /

-0.54 (-3.80%)

SITC Site Centers
$13.67 /

-0.54 (-3.80%)

03/04/21 KeyBanc
Site Centers upgraded to Overweight at KeyBanc
03/04/21 KeyBanc
Site Centers upgraded to Overweight from Sector Weight at KeyBanc
02/23/21 Mizuho
Site Centers price target raised to $13 from $10.50 at Mizuho
01/14/21 Piper Sandler
Site Centers upgraded to Overweight from Neutral at Piper Sandler
SITC Site Centers
$13.67 /

-0.54 (-3.80%)

  • 02
    Mar
Over a month ago
Earnings
Site Centers affirms FY21 OFFO view 90c-$1.00, consensus $98c » 06:59
03/08/21
03/08
06:59
03/08/21
06:59
SITC

Site Centers

$13.25 /

+0.2 (+1.53%)

"We had a very good…

"We had a very good start to the year with tenant collections and leasing momentum continuing to build and $196 million of net common equity raised to reduce leverage and fund external growth prospects," commented David Lukes, President and CEO. "Despite the expected impact from the offering, we are affirming 2021 OFFO guidance due to our strong operational and collections progress to date." As of March 4, the company's tenants had paid approximately 95% and 94% of aggregate base rents for January and February 2021, respectively, in each case on a pro rata basis, and 81%, 88%, and 95% for the second, third and fourth quarters of 2020, respectively. Additionally, all of the company's properties remain open and operational with 98% of tenants, at the company's share and based on average base rents, open for business.

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SITC Site Centers
$13.25 /

+0.2 (+1.53%)

SITC Site Centers
$13.25 /

+0.2 (+1.53%)

03/04/21 KeyBanc
Site Centers upgraded to Overweight at KeyBanc
03/04/21 KeyBanc
Site Centers upgraded to Overweight from Sector Weight at KeyBanc
02/23/21 Mizuho
Site Centers price target raised to $13 from $10.50 at Mizuho
01/14/21 Piper Sandler
Site Centers upgraded to Overweight from Neutral at Piper Sandler
SITC Site Centers
$13.25 /

+0.2 (+1.53%)

  • 02
    Mar
Upgrade
Site Centers upgraded to Overweight at KeyBanc » 07:16
03/04/21
03/04
07:16
03/04/21
07:16
SITC

Site Centers

$12.89 /

+0.1 (+0.78%)

As previously reported,…

As previously reported, KeyBanc analyst Todd Thomas upgraded Site Centers to Overweight from Sector Weight with a $15 price target. While shares are up 27% year-to-date and have returned 87% since November 9, the analyst views the stock's underperformance versus the Strips this week as representing an attractive entry point following the company's 15M share offering. Thomas views Site Centers to be well-positioned in the near-term given a strong leasing pipeline composed of nearly $13M of ABR representing 3.4% growth off the current base that is expected to commence in the quarters ahead; an additional pipeline of greater than 20 anchor leases in negotiation that could yield an incremental 1%-1.5% growth off the current base; and the ability for the company to deploy capital into investments with more than $150M of cash on the balance sheet and a well-positioned balance sheet to fund future growth.

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SITC Site Centers
$12.89 /

+0.1 (+0.78%)

SITC Site Centers
$12.89 /

+0.1 (+0.78%)

03/04/21 KeyBanc
Site Centers upgraded to Overweight from Sector Weight at KeyBanc
02/23/21 Mizuho
Site Centers price target raised to $13 from $10.50 at Mizuho
01/14/21 Piper Sandler
Site Centers upgraded to Overweight from Neutral at Piper Sandler
12/15/20 Citi
Site Centers price target raised to $11 from $8.50 at Citi
SITC Site Centers
$12.89 /

+0.1 (+0.78%)

  • 02
    Mar
Upgrade
Site Centers upgraded to Overweight from Sector Weight at KeyBanc » 05:19
03/04/21
03/04
05:19
03/04/21
05:19
SITC

Site Centers

$12.89 /

+0.1 (+0.78%)

KeyBanc analyst Todd…

KeyBanc analyst Todd Thomas upgraded Site Centers to Overweight from Sector Weight with a $15 price target.

ShowHide Related Items >><<
SITC Site Centers
$12.89 /

+0.1 (+0.78%)

SITC Site Centers
$12.89 /

+0.1 (+0.78%)

02/23/21 Mizuho
Site Centers price target raised to $13 from $10.50 at Mizuho
01/14/21 Piper Sandler
Site Centers upgraded to Overweight from Neutral at Piper Sandler
12/15/20 Citi
Site Centers price target raised to $11 from $8.50 at Citi
12/11/20 Truist
Site Centers price target raised to $10 from $7 at Truist
SITC Site Centers
$12.89 /

+0.1 (+0.78%)

  • 02
    Mar
Syndicate
Site Centers 15M share Spot Secondary priced at $13.20 » 21:12
03/01/21
03/01
21:12
03/01/21
21:12
SITC

Site Centers

$13.57 /

+0.22 (+1.65%)

Morgan Stanley and Wells…

Morgan Stanley and Wells Fargo are acting as joint book running managers for the offering.

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SITC Site Centers
$13.57 /

+0.22 (+1.65%)

SITC Site Centers
$13.57 /

+0.22 (+1.65%)

02/23/21 Mizuho
Site Centers price target raised to $13 from $10.50 at Mizuho
01/14/21 Piper Sandler
Site Centers upgraded to Overweight from Neutral at Piper Sandler
12/15/20 Citi
Site Centers price target raised to $11 from $8.50 at Citi
12/11/20 Truist
Site Centers price target raised to $10 from $7 at Truist
SITC Site Centers
$13.57 /

+0.22 (+1.65%)

  • 02
    Mar
Syndicate
Site Centers announces offering of 15M common shares » 16:15
03/01/21
03/01
16:15
03/01/21
16:15
SITC

Site Centers

$13.57 /

+0.22 (+1.65%)

Site Centers Corp.…

Site Centers Corp. announced the commencement of a public offering of 15M common shares. Site Centers intends to use the net proceeds of the offering to redeem the depositary shares representing its outstanding 6.250% Class K Cumulative Redeemable Preferred Shares, without par value, which have an aggregate liquidation preference of $150M. Any remaining proceeds will be used for general corporate purposes. Morgan Stanley and Wells Fargo Securities LLC are serving as joint book-running managers for the offering.

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SITC Site Centers
$13.57 /

+0.22 (+1.65%)

SITC Site Centers
$13.57 /

+0.22 (+1.65%)

02/23/21 Mizuho
Site Centers price target raised to $13 from $10.50 at Mizuho
01/14/21 Piper Sandler
Site Centers upgraded to Overweight from Neutral at Piper Sandler
12/15/20 Citi
Site Centers price target raised to $11 from $8.50 at Citi
12/11/20 Truist
Site Centers price target raised to $10 from $7 at Truist
SITC Site Centers
$13.57 /

+0.22 (+1.65%)

Recommendations
Site Centers price target raised to $13 from $10.50 at Mizuho » 06:44
02/23/21
02/23
06:44
02/23/21
06:44
SITC

Site Centers

$13.07 /

+0.205 (+1.59%)

Mizuho analyst Haendel…

Mizuho analyst Haendel St. Juste raised the firm's price target on Site Centers to $13 from $10.50 and keeps a Neutral rating on the shares. The path of least resistance is likely up for the strip real estate investment trusts, St. Juste tells investors in a research note. The analyst believes the worst of the pandemic-related disruption is behind us and a recovery trade is underway. Further, strips appear more reasonably valued on 2022 estimates, given an expected 2022 "earnings bounce" on leasing, occupancy, and easy comp tailwinds, St. Juste says.

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SITC Site Centers
$13.07 /

+0.205 (+1.59%)

SITC Site Centers
$13.07 /

+0.205 (+1.59%)

01/14/21 Piper Sandler
Site Centers upgraded to Overweight from Neutral at Piper Sandler
12/15/20 Citi
Site Centers price target raised to $11 from $8.50 at Citi
12/11/20 Truist
Site Centers price target raised to $10 from $7 at Truist
12/10/20 Wells Fargo
Site Centers upgraded to Overweight at Wells Fargo
SITC Site Centers
$13.07 /

+0.205 (+1.59%)

Earnings
Site Centers sees 2021 operating FFO 90c-$1.00, consensus 98c  06:47
02/18/21
02/18
06:47
02/18/21
06:47
SITC

Site Centers

$12.52 /

+0.28 (+2.29%)

 
ShowHide Related Items >><<
SITC Site Centers
$12.52 /

+0.28 (+2.29%)

SITC Site Centers
$12.52 /

+0.28 (+2.29%)

01/14/21 Piper Sandler
Site Centers upgraded to Overweight from Neutral at Piper Sandler
12/15/20 Citi
Site Centers price target raised to $11 from $8.50 at Citi
12/11/20 Truist
Site Centers price target raised to $10 from $7 at Truist
12/10/20 Wells Fargo
Site Centers upgraded to Overweight at Wells Fargo
SITC Site Centers
$12.52 /

+0.28 (+2.29%)

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