2 weeks Ago By ABMN Staff
Tanger ( NYSE:SKT – Get Free Report ) had its target price upped by Evercore ISI from $29.00 to $31.00 in a report released on Monday, Benzinga reports.
The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target would suggest a potential downside of 1.24% from the stock’s previous close.
Several other brokerages have also recently commented on SKT. Scotiabank increased their price target on shares of Tanger from $28.00 to $30.
00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Compass Point upped their price objective on Tanger from $32.00 to $34.
00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.
33. View Our Latest Report on Tanger Tanger Price Performance Institutional Inflows and Outflows A number of institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc.
increased its stake in shares of Tanger by 1,412.1% in the second quarter. Blue Trust Inc.
now owns 877 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 819 shares during the period. HHM Wealth Advisors LLC acquired a new stake in Tanger in the 2nd quarter valued at approximately $27,000. Whittier Trust Co.
bought a new stake in Tanger during the 2nd quarter valued at $33,000. GAMMA Investing LLC boosted its position in Tanger by 44.6% during the 2nd quarter.
GAMMA Investing LLC now owns 1,274 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 393 shares during the period. Finally, CWM LLC grew its stake in shares of Tanger by 418.6% in the second quarter.
CWM LLC now owns 1,732 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,398 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.
About Tanger ( Get Free Report ) 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 comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S.
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