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Tanger Factory (SKT) Receives a Hold from Evercore ISI

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In a report released yesterday, Samir Khanal from Evercore ISI maintained a Hold rating on Tanger Factory (SKTResearch Report), with a price target of $17.00. The company’s shares closed last Friday at $17.14.

According to TipRanks.com, Khanal is a 1-star analyst with an average return of -2.1% and a 40.7% success rate. Khanal covers the Financial sector, focusing on stocks such as Urban Edge Properties, Brixmor Property, and Americold Realty.

Tanger Factory has an analyst consensus of Moderate Sell, with a price target consensus of $19.00.

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The company has a one-year high of $22.51 and a one-year low of $15.45. Currently, Tanger Factory has an average volume of 994.3K.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SKT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.

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