Compass Point Downgrades Tanger (NYSE:SKT) to Neutral

Tanger (NYSE:SKT) was downgraded by equities researchers at Compass Point from a “buy” rating to a “neutral” rating in a report issued on Thursday,Finviz reports. They currently have a $38.00 price objective on the real estate investment trust’s stock. Compass Point’s price target would indicate a potential upside of 0.88% from the stock’s previous close.

Several other brokerages also recently commented on SKT. Barclays reissued a “positive” rating and issued a $36.00 price target on shares of Tanger in a report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Tanger in a research note on Wednesday, January 21st. Citigroup reissued a “neutral” rating and issued a $35.00 target price (down from $38.00) on shares of Tanger in a research note on Wednesday, November 19th. LADENBURG THALM/SH SH raised Tanger to a “strong-buy” rating in a research note on Thursday, November 20th. Finally, Scotiabank boosted their target price on Tanger from $33.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Tanger currently has an average rating of “Moderate Buy” and a consensus target price of $36.29.

Tanger Stock Up 5.9%

Shares of NYSE:SKT opened at $37.67 on Thursday. The firm has a market cap of $4.34 billion, a P/E ratio of 37.67, a P/E/G ratio of 1.56 and a beta of 1.18. Tanger has a 12-month low of $28.69 and a 12-month high of $37.69. The business has a fifty day simple moving average of $33.79 and a 200 day simple moving average of $33.49. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 2.20.

Tanger (NYSE:SKT) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Tanger had a return on equity of 16.74% and a net margin of 19.70%.The company had revenue of $150.95 million for the quarter, compared to analysts’ expectations of $143.42 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Tanger’s quarterly revenue was up 13.9% on a year-over-year basis. Tanger has set its FY 2026 guidance at 2.410-2.490 EPS. Analysts predict that Tanger will post 2.24 earnings per share for the current year.

Institutional Trading of Tanger

Large investors have recently made changes to their positions in the stock. Freestone Grove Partners LP lifted its position in Tanger by 6,634.5% during the fourth quarter. Freestone Grove Partners LP now owns 1,184,674 shares of the real estate investment trust’s stock valued at $39,533,000 after purchasing an additional 1,167,083 shares during the period. Invesco Ltd. boosted its stake in shares of Tanger by 127.0% during the 2nd quarter. Invesco Ltd. now owns 2,036,716 shares of the real estate investment trust’s stock worth $62,283,000 after acquiring an additional 1,139,288 shares during the last quarter. GRS Advisors LLC raised its holdings in Tanger by 98.9% during the second quarter. GRS Advisors LLC now owns 1,889,097 shares of the real estate investment trust’s stock valued at $57,769,000 after acquiring an additional 939,424 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in shares of Tanger by 2,190.0% in the third quarter. Schonfeld Strategic Advisors LLC now owns 832,777 shares of the real estate investment trust’s stock worth $28,181,000 after acquiring an additional 796,411 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Tanger by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 17,949,640 shares of the real estate investment trust’s stock worth $598,979,000 after purchasing an additional 789,935 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

More Tanger News

Here are the key news stories impacting Tanger this week:

• Positive Sentiment: Q4 results beat consensus — FFO of $0.63/share (vs. $0.59 est.) and revenue of $150.95M (vs. $143.42M est.), with revenue up ~13.9% year-over-year; confirms improving operating trends and tenant demand. Press Release
• Positive Sentiment: Company materially raised FY‑2026 EPS guidance to $2.410–$2.490 versus the prior consensus (~$1.64), signaling management expects continued rent and occupancy strength and boosting forward earnings expectations. Guidance/Press Release
• Positive Sentiment: Analyst/press coverage highlights Tanger as an attractive dividend REIT given its payout profile and improving fundamentals — could draw income-oriented investors. Zacks Dividend Article
• Neutral Sentiment: Management released the full earnings presentation and the conference call transcript — useful for investors who want line-item detail on rent rolls, occupancy, leasing spreads and capital allocation (helps validate guidance). Earnings Call Transcript Presentation
• Neutral Sentiment: Wider media coverage (Yahoo/MSN/Wilton Bulletin) reiterates the beat and guidance; useful for confirming market takeaway but largely restates the same data points. Yahoo Coverage

About Tanger

Tanger Factory Outlet Centers, Inc (NYSE: SKT) is a real estate investment trust specializing in the ownership, development and management of outlet shopping centers. The company’s portfolio comprises more than 40 outlet properties anchored by leading fashion and lifestyle brands. Tanger’s centers are designed to offer off-price retail experiences in open-air, community-oriented settings, providing value-focused shoppers with access to premium brands at reduced prices.

Founded in 1981 by Stanley K.