Citigroup has downgraded Tanger Inc (SKT) to Neutral from Buy as of November 18, 2025. The current share price stands at $33.21. This adjustment suggests increased caution regarding the company's outlook, potentially reflecting concerns about competitive pressures, market conditions, or execution risks that could affect performance.
Tanger Inc operates upscale open-air outlet centers and is headquartered in Greensboro, North Carolina. As a fully integrated, self-administered, and self-managed real estate investment trust (REIT), the firm focuses on developing, acquiring, owning, operating, and managing outlet and open-air shopping centers. It operates approximately 38 outlet centers and three open-air lifestyle centers across 21 U.S. states and Canada, encompassing over 16 million square feet and featuring more than 3,000 stores from over 700 brand-name companies.
With a market capitalization of $3.8 billion, Tanger Inc has a trailing twelve months (TTM) price-to-earnings (P/E) ratio of 37.80 and an earnings per share (EPS) of 0.89. The company currently offers a dividend yield of 348.1%. Upcoming earnings are projected for August 2, 2026, with an estimated EPS of $0.28 and revenue of $141.8 million.
Analyst consensus as of November 1, 2025, indicates a Buy rating, with 5 Strong Buy, 4 Buy, 7 Hold, and no Sell or Strong Sell ratings among 16 analysts. Recent analyst actions include Citigroup's downgrade and Barclays maintaining its Equal-Weight rating.
Analyst ratings and price targets reflect professional opinions based on research. While they can provide useful insights, they are based on assumptions that may not materialize as expected. Investment decisions should consider a range of factors, including company fundamentals and market conditions, rather than relying solely on analyst views.