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Tanger: Scotiabank maintains a 'Sector Perform' Rating, The Target Price is $33
ByAinvest
Wednesday, Apr 23, 2025 12:00 pm ET1min read
Scotiabank maintains 'Sector Perform' rating on Tanger(SKT).
The target price is $33, compare with $38 previously.
[Recent Rating]
| Date | Agency | Change | Rating | Rating （previously） | Target Price | Target Price（previously） |
|---|---|---|---|---|---|---|
| 2025-04-23 | Scotiabank | Maintains | Sector Perform | Sector Perform | $33 | $38 |
| 2025-03-28 | Goldman Sachs | Upgrades | Buy | Neutral | $40 | $39 |
[Recent Earning Results] Tanger posted the Q4 of its 2024 financial results on 2/21/2025, reporting total revenue of USD 526.06 million for the year, up 13.28% from USD 464.41 million year over year, reporting net income of USD 102.76 million for the year, down 1.08% from USD 103.88 million year over year.
[Company Profile] Tanger Inc. and subsidiaries is one of the largest owners and operators of outlet centers in the United States and Canada. The Company is a fully-integrated, self-administered and self-managed real estate investment trust, ("REIT"), which, through its controlling interest in the Operating Partnership, focuses exclusively on developing, acquiring, owning, operating and managing outlet shopping centers. The Company is a North Carolina corporation and the Operating Partnership is a North Carolina partnership, and both were formed in 1993.
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