Tanger Factory Outlet Centers (SKT) : 4 investment research analysts covering Tanger Factory Outlet Centers (SKT) have an average price target of $42.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $48 and the lowest target is $38 for the short term. Analysts expect the variance to be within $4.12 of the average price.
Tanger Factory Outlet Centers (SKT) : 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Tanger Factory Outlet Centers (SKT). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 3.14.
Also, UBS maintains its view on Tanger Factory Outlet Centers (NYSE:SKT) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. UBS raises the price target from $34 per share to $39 per share on Tanger Factory Outlet Centers . The rating by the firm was issued on August 26, 2016.
Tanger Factory Outlet Centers (NYSE:SKT): The stock opened at $40.55 on Thursday but the bulls could not build on the opening and the stock topped out at $40.69 for the day. The stock traded down to $40.08 during the day, due to lack of any buying support eventually closed down at $40.24 with a loss of -0.98% for the day. The stock had closed at $40.64 on the previous day. The total traded volume was 520,428 shares.
Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The Company focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The Company has interests in nine outlet centers totaling approximately 2.6 million square feet, including four outlet centers in Canada. The outlet centers and other assets are held by, and all of the Companys operations are conducted by, Tanger Properties Limited Partnership and subsidiaries. The Company owns the units of partnership interest issued by the Operating Partnership, through its two wholly owned subsidiaries, Tanger GP Trust and Tanger LP Trust. Tanger GP Trust controls the Operating Partnership as its sole general partner. Tanger LP Trust holds a limited partnership interest. Its outlet centers range in size from 24,619 to 749,074 square feet and are located at least ten miles from department stores and manufacturer-owned retail stores.