Compass Point Upgrades Tanger to Buy, Announces $32 Price Target
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Compass Point analyst Floris Van Dijkum upgrades Tanger (NYSE:SKT) from Neutral to Buy and announces $32 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $35.00 → $40.00 | Neutral → Buy | BofA Securities |
| 5/17/2024 | $20.00 → $28.00 | Sector Underperform → Sector Perform | Scotiabank |
| 5/2/2024 | $31.00 → $32.00 | Neutral → Buy | Compass Point |
| 4/5/2024 | $24.00 → $31.00 | Underperform → Neutral | BofA Securities |
| 3/22/2024 | $30.00 → $33.00 | Neutral → Buy | Citigroup |
| 12/18/2023 | $27.00 → $29.00 | Neutral → Overweight | JP Morgan |
| 11/8/2023 | $26.00 | Buy → Neutral | Compass Point |
| 10/12/2023 | $24.00 → $25.00 | Underweight → Neutral | JP Morgan |
BofA Securities upgraded Tanger Factory from Neutral to Buy and set a new price target of $40.00 from $35.00 previously
Scotiabank upgraded Tanger Factory from Sector Underperform to Sector Perform and set a new price target of $28.00 from $20.00 previously
Compass Point upgraded Tanger Factory from Neutral to Buy and set a new price target of $32.00 from $31.00 previously
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Tanger achieves 20th LEED-certified shopping center, and Tanger centers across the U.S. are recognized as StormReady® and WELL Health-Safety Rated Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has earned additional recognition from national certification programs for taking steps to address climate change and enhance well-being at its centers. With these actions, Tanger now has achieved LEED certification for 20 centers, or 58% of its owned and managed portfolio by gross leasable area. Additionally, Tanger has expanded recognition of its centers as StormReady® and WELL Health-Safety Rated. This press release features multimedia. Vie
Achieves 11th Consecutive Quarter of Positive Rent Spreads All Centers Open and Operating after Multiple Storms Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the three and nine months ended September 30, 2024. "I am pleased to announce another quarter of strong performance and an increase in our full-year guidance," said Stephen Yalof, President and Chief Executive Officer. "Our team remains focused on elevating our shopper experience and attracting in-demand retailer brands and a diversified tenant mix, along with more food and beverage and experiential destinations. Our st
Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on November 15, 2024 to common shareholders of record on October 31, 2024. About Tanger® Tanger Inc. (NYSE:SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center, and one open-air lifestyle center includes over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U
Prestige beauty brand will open five stores in Tanger shopping centers later this year, growing and elevating Tanger's beauty and wellness offerings GREENSBORO, N.C., June 3, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, will bring five additional Sephora stores to its shopping centers this year, significantly advancing Tanger's offerings in the beauty and wellness category. Sephora is the largest prestige beauty retailer in the world. The five new Sephora locations, each averaging approximately 5,000 square feet, will open later this year in Tanger's shopping centers in Charleston, S.C.; Deer Park, N.Y.; National
GREENSBORO, N.C., Sept. 11, 2023 /PRNewswire/ -- Tanger® Outlets (NYSE:SKT), a leading operator of upscale, open-air shopping centers, announced today the appointment of Jessica K. Norman as the company's Executive Vice President, General Counsel and Secretary, effective September 12, 2023. In this role, Ms. Norman will lead Tanger's legal organization, including its corporate governance and compliance functions. Ms. Norman will report to Stephen Yalof, President and Chief Executive Officer, and will sit on the executive leadership team. "We are very pleased to welcome Jessica Norman to the Tanger executive team and legal group," said Yalof. "Jessica has a wide range of public company exper
GREENSBORO, N.C., July 5, 2023 /PRNewswire/ -- Tanger® Outlets (NYSE:SKT), a leading operator of upscale open-air outlet centers, today announced updates to the Company's Board of Directors. Bridget Ryan-Berman, who has been a member of the Company's Board since January 1, 2009, has been appointed lead independent director, a position previously held by David B. Henry. This is consistent with the Company's long-standing policy to rotate independent directors as the chair of the various committees and the lead director. "As part of our ongoing efforts to refresh leadership on our Board, Bridget Ryan-Berman has been appointed lead independent director," said Steven B. Tanger, Executive Chair
Achieves 11th Consecutive Quarter of Positive Rent Spreads All Centers Open and Operating after Multiple Storms Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the three and nine months ended September 30, 2024. "I am pleased to announce another quarter of strong performance and an increase in our full-year guidance," said Stephen Yalof, President and Chief Executive Officer. "Our team remains focused on elevating our shopper experience and attracting in-demand retailer brands and a diversified tenant mix, along with more food and beverage and experiential destinations. Our st
Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on November 15, 2024 to common shareholders of record on October 31, 2024. About Tanger® Tanger Inc. (NYSE:SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center, and one open-air lifestyle center includes over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U
GREENSBORO, N.C., Aug. 21, 2024 /PRNewswire/ -- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter ended September 30, 2024 will be released on Wednesday, November 6, 2024 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Thursday, November 7, 2024 at 8:30 a.m. Eastern Time. To access the conference call, listeners should dial 1-877-605-1702. A live audio webcast of this call will be available to the public on Tanger's Investor Relations website, investors.tanger.com. A telephone replay of the call will be avail
The five new Sephora locations, each averaging approximately 5,000 square feet, will open later this year in Tanger's shopping centers in Charleston, S.C.; Deer Park, N.Y.; National Harbor, Md.; Palm Beach, Fla.; and Phoenix/Glendale, Ariz.
During the last three months, 7 analysts shared their evaluations of Tanger (NYSE:SKT), revealing diverse outlooks from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 5 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 1 0 0 2M Ago 1 0 1 0 0 3M Ago 0 0 2 0 0 Analysts have set 12-month price targets for Tanger, revealing an average target of $29.86, a high estimate of $33.00, and a low estimate of $28.00. This current
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