Bank of America Downgrades Tanger to Neutral Amid Balanced Risk/Reward Profile
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy SKT?
Source: seekingalpha
- Rating Downgrade: Bank of America downgraded Tanger (SKT) from Buy to Neutral, indicating that the mall REIT's stock has outperformed in the past month, balancing its risk/reward profile.
- Price Target Maintained: Analyst Samir Khanal noted that while the price objective remains at $39, the current total return expectation of 9% suggests more attractive investment opportunities exist within retail REITs.
- Market Performance Comparison: As of Thursday's close, Tanger's total return was 9.6%, significantly outperforming Simon Property Group (SPG) at 1.1% and Macerich (MAC) at 2.0%, although the stock dropped 2.4% in Friday morning trading.
- Capital Expenditure Pressure: Khanal highlighted that despite Tanger's re-tenanting efforts yielding healthy income growth, rising capital expenditures are likely to hinder AFFO growth, particularly with renewal rates around 80% as the company aims to attract younger shoppers.
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Analyst Views on SKT
Wall Street analysts forecast SKT stock price to rise
7 Analyst Rating
3 Buy
4 Hold
0 Sell
Moderate Buy
Current: 35.910
Low
34.00
Averages
36.86
High
40.00
Current: 35.910
Low
34.00
Averages
36.86
High
40.00
About SKT
Tanger Inc. is an owner and operator of outlet and open-air retail shopping destinations, with expertise in the retail and outlet shopping industries. The Company is a fully integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlets and open-air shopping centers. Its outlet centers and other assets are held by, and all its operations are conducted by Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). The Company operates about 38 outlet centers, one adjacent managed center and three open-air lifestyle centers comprising over 16 million square feet positioned across tourist destinations and markets in 21 United States (U.S.) states and Canada. It offers over 3,000 stores operated by more than 700 different brand name companies. Its consolidated outlet centers include Tanger Outlets Deer Park, Tanger Outlets Riverhead, Tanger Outlets Foley, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tanger to Release Q1 2026 Financial Results on April 30
- Earnings Release Schedule: Tanger® will announce its financial results for the quarter ending March 31, 2026, after market close on April 30, 2026, reflecting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company will host a conference call for analysts and investors on May 1, 2026, at 8:30 a.m. Eastern Time, aimed at providing in-depth analysis of financial performance and future outlook.
- Call Access Information: Participants can dial 1-877-605-1702 to join the call, ensuring that all stakeholders can access key information in a timely manner, thereby enhancing investor relations.
- Webcast and Replay Availability: The call will be available via live audio webcast on Tanger's Investor Relations website, with a replay option to ensure investors can access important information post-meeting, improving information accessibility.
See More
Bank of America Downgrades Tanger to Neutral Amid Balanced Risk/Reward Profile
- Rating Downgrade: Bank of America downgraded Tanger (SKT) from Buy to Neutral, indicating that the mall REIT's stock has outperformed in the past month, balancing its risk/reward profile.
- Price Target Maintained: Analyst Samir Khanal noted that while the price objective remains at $39, the current total return expectation of 9% suggests more attractive investment opportunities exist within retail REITs.
- Market Performance Comparison: As of Thursday's close, Tanger's total return was 9.6%, significantly outperforming Simon Property Group (SPG) at 1.1% and Macerich (MAC) at 2.0%, although the stock dropped 2.4% in Friday morning trading.
- Capital Expenditure Pressure: Khanal highlighted that despite Tanger's re-tenanting efforts yielding healthy income growth, rising capital expenditures are likely to hinder AFFO growth, particularly with renewal rates around 80% as the company aims to attract younger shoppers.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, including upgrades, downgrades, and initiations, reflecting varying market perspectives on these firms.
- Market Reaction Insight: While specific company names were not mentioned, changes in analyst ratings typically influence investor decisions, potentially leading to price volatility in the affected stocks.
- Investor Focus: As investors consider buying TTD stock, analysts' opinions will serve as a crucial reference, especially in the current market environment where such insights may impact short-term investment strategies.
- Rating Change Transparency: To view the complete picture of all analyst rating changes, investors can visit the analyst ratings page, ensuring they stay updated with the latest market information and analyses.
See More
TANGER INC: BOFA GLOBAL RESEARCH Downgrades Rating to Neutral from Buy
Global Research Cuts: BOFA has announced significant cuts to its global research team, impacting various sectors and regions.
Neutral Stance on Buy: The firm has shifted its stance to a neutral position regarding buy recommendations, indicating a more cautious approach in the current market environment.
See More
Tanger Inc. Reports Strong Q4 2025 Earnings and Growth Outlook
- Significant Earnings Growth: Tanger Inc. reported a core FFO of $0.63 per share in Q4 2025, reflecting a 16.7% increase year-over-year, while the full-year core FFO reached $2.33 per share, up 9.4% from 2024, indicating robust profitability and financial health.
- Record Leasing Activity: The company achieved over 3 million square feet in leasing for 2025, with a year-end occupancy rate of 98.1%, and tenant sales productivity at $473 per square foot, despite a slight decrease from the previous year, showcasing strong market demand and leasing capabilities.
- Successful Capital Market Transactions: Tanger completed $800 million in debt refinancing in January, enhancing liquidity and reducing risk, with 2026 core FFO per share guidance projected between $2.41 and $2.49, reflecting confidence in future growth.
- Strategic Investments and Market Outlook: Management emphasized leveraging technological innovations and market trends to proactively address tenant demands, with same-center NOI growth expected between 2.25% and 4.25%, demonstrating the company's adaptability and foresight in the retail environment.
See More
Tanger Reports Strong Q4 Earnings and Optimistic 2026 Guidance
- Earnings Beat: Tanger's Q4 core FFO per share reached $0.63, exceeding analyst expectations of $0.60, and increased from $0.60 in Q3 and $0.54 in Q4 2024, demonstrating robust financial performance amid strong retail demand.
- Significant Revenue Growth: The company reported Q4 revenue of $160.3 million, surpassing the consensus estimate of $143.4 million, and rising from $145.2 million in the previous quarter and $140.7 million a year ago, reflecting sustained consumer interest in shopping centers.
- Optimistic 2026 Guidance: Tanger expects 2026 FFO per share to range between $2.41 and $2.49, with a midpoint of $2.45, slightly above the consensus of $2.43, indicating strong confidence in future growth.
- Strong Leasing Activity: As of December 31, 2025, Tanger executed 630 leases totaling 3.1 million square feet over the past 12 months, compared to 532 leases totaling 2.4 million square feet in 2024, highlighting increased activity in the leasing market.
See More
Tanger to Release Q1 2026 Financial Results on April 30
- Earnings Release Schedule: Tanger® will announce its financial results for the quarter ending March 31, 2026, after market close on April 30, 2026, reflecting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company will host a conference call for analysts and investors on May 1, 2026, at 8:30 a.m. Eastern Time, aimed at providing in-depth analysis of financial performance and future outlook.
- Call Access Information: Participants can dial 1-877-605-1702 to join the call, ensuring that all stakeholders can access key information in a timely manner, thereby enhancing investor relations.
- Webcast and Replay Availability: The call will be available via live audio webcast on Tanger's Investor Relations website, with a replay option to ensure investors can access important information post-meeting, improving information accessibility.
See More
Bank of America Downgrades Tanger to Neutral Amid Balanced Risk/Reward Profile
- Rating Downgrade: Bank of America downgraded Tanger (SKT) from Buy to Neutral, indicating that the mall REIT's stock has outperformed in the past month, balancing its risk/reward profile.
- Price Target Maintained: Analyst Samir Khanal noted that while the price objective remains at $39, the current total return expectation of 9% suggests more attractive investment opportunities exist within retail REITs.
- Market Performance Comparison: As of Thursday's close, Tanger's total return was 9.6%, significantly outperforming Simon Property Group (SPG) at 1.1% and Macerich (MAC) at 2.0%, although the stock dropped 2.4% in Friday morning trading.
- Capital Expenditure Pressure: Khanal highlighted that despite Tanger's re-tenanting efforts yielding healthy income growth, rising capital expenditures are likely to hinder AFFO growth, particularly with renewal rates around 80% as the company aims to attract younger shoppers.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, including upgrades, downgrades, and initiations, reflecting varying market perspectives on these firms.
- Market Reaction Insight: While specific company names were not mentioned, changes in analyst ratings typically influence investor decisions, potentially leading to price volatility in the affected stocks.
- Investor Focus: As investors consider buying TTD stock, analysts' opinions will serve as a crucial reference, especially in the current market environment where such insights may impact short-term investment strategies.
- Rating Change Transparency: To view the complete picture of all analyst rating changes, investors can visit the analyst ratings page, ensuring they stay updated with the latest market information and analyses.
See More
TANGER INC: BOFA GLOBAL RESEARCH Downgrades Rating to Neutral from Buy
Global Research Cuts: BOFA has announced significant cuts to its global research team, impacting various sectors and regions.
Neutral Stance on Buy: The firm has shifted its stance to a neutral position regarding buy recommendations, indicating a more cautious approach in the current market environment.
See More
Tanger Inc. Reports Strong Q4 2025 Earnings and Growth Outlook
- Significant Earnings Growth: Tanger Inc. reported a core FFO of $0.63 per share in Q4 2025, reflecting a 16.7% increase year-over-year, while the full-year core FFO reached $2.33 per share, up 9.4% from 2024, indicating robust profitability and financial health.
- Record Leasing Activity: The company achieved over 3 million square feet in leasing for 2025, with a year-end occupancy rate of 98.1%, and tenant sales productivity at $473 per square foot, despite a slight decrease from the previous year, showcasing strong market demand and leasing capabilities.
- Successful Capital Market Transactions: Tanger completed $800 million in debt refinancing in January, enhancing liquidity and reducing risk, with 2026 core FFO per share guidance projected between $2.41 and $2.49, reflecting confidence in future growth.
- Strategic Investments and Market Outlook: Management emphasized leveraging technological innovations and market trends to proactively address tenant demands, with same-center NOI growth expected between 2.25% and 4.25%, demonstrating the company's adaptability and foresight in the retail environment.
See More
Tanger Reports Strong Q4 Earnings and Optimistic 2026 Guidance
- Earnings Beat: Tanger's Q4 core FFO per share reached $0.63, exceeding analyst expectations of $0.60, and increased from $0.60 in Q3 and $0.54 in Q4 2024, demonstrating robust financial performance amid strong retail demand.
- Significant Revenue Growth: The company reported Q4 revenue of $160.3 million, surpassing the consensus estimate of $143.4 million, and rising from $145.2 million in the previous quarter and $140.7 million a year ago, reflecting sustained consumer interest in shopping centers.
- Optimistic 2026 Guidance: Tanger expects 2026 FFO per share to range between $2.41 and $2.49, with a midpoint of $2.45, slightly above the consensus of $2.43, indicating strong confidence in future growth.
- Strong Leasing Activity: As of December 31, 2025, Tanger executed 630 leases totaling 3.1 million square feet over the past 12 months, compared to 532 leases totaling 2.4 million square feet in 2024, highlighting increased activity in the leasing market.
See More
