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SKTTanger Inc.Hold5.9·$40.51+0.12%
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Tanger Inc. (SKT) Stock Analysis

HoldVALUE-TRAP 1/5Moderate Confidence

Real Estate · REIT - Retail

Hold if already holding. Not a fresh buy at $40.51, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: outlet and open-air retail centers; Analyst target reached - limited upside remaining.

Tanger Inc. is a self-managed, self-administered REIT owning 31 outlet centers and 3 open-air lifestyle centers (~14M sq ft, 98% occupied, 700+ store brands) in the U.S. and Canada. Revenue comes from base and percentage rents ($550.9M in 2025); no single tenant exceeds 7% of... Read more

$40.51+10.2% A.UpsideScore 5.9/10#6 of 23 REIT - Retail
QualityF-score7 / 9FCF yield4.54%
IncomeYield2.94%(5y avg 3.80%)Payout110.38%
Entry $36.48(50-day MA)Stop $34.74Target $40.21(resistance)A.R:R -1.2:1Setup A.R:R 2.1:1
Analyst target$38.82-4.2%11 analysts
$40.21our TP
$40.51price
$38.82mean
$35
$42

Hold if already holding. Not a fresh buy at $40.51, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: outlet and open-air retail centers; Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Downgraded from BUY WAIT — price $40.52 has reached target $40.21. No upside to wait for. Score 5.9/10, moderate confidence.

Passes 6/8 gates (positive momentum, clean insider activity, news boost analyst 0.40, earnings proximity 50d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Tue, Aug 4, 202650d to earnings· next earnings call

Thesis

Rewards
Strong earnings beat streak (3/4)
High-quality business
Strong growth profile
Risks
Concentration risk — Property Type: outlet and open-air retail centers
Analyst target reached - limited upside remaining
Near 52-week high (0.1% away)

Key Metrics

P/E (TTM)38.2
P/E (Fwd)32.8
Mkt Cap$4.6B
EV/EBITDA19.5
Profit Mgn20.3%
ROE19.0%
Rev Growth11.7%
Beta1.09
Dividend2.94%
Rating analysts17

Quality Signals

Piotroski F7/9MoatNarrow

Options Flow

P/C0.84neutral
IV73%elevated

Concentration Risks(10-K Item 1A)

  • HIGHPropertyoutlet and open-air retail centers
    10-K Item 1: 'focuses on developing, acquiring, owning, operating and managing outlet and other open-air retail centers'

Material Events(8-K, last 90d)

  • 2026-02-27Item 1.02MEDIUM
    Tanger terminated its existing 2025 ATM Equity Offering Sales Agreement concurrently with entering a new Sales Agreement on Feb 26, 2026. The new agreement establishes a replacement at-the-market equity offering program.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers

Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static

Ev Ebitda
0.3
Analyst Target
3.0
Ps
5.1
P Ocf
6.7
P/OCF: 16.0x (FFO proxy — REITs gated off P/E)

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Bollinger
0.2
Support Resistance
0.8
52w Position
9.8
GatesA.R:R -1.2=NEGATIVE8K FLAG 1.02Momentum 6.9>=5.5Insider activity: OKNEWS BOOST ANALYST 0.40EARNINGS PROXIMITY 50d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
80 · Overbought
20D MA 50D MA 200D MAGOLDEN CROSSSupport $34.95Resistance $41.03

Price Targets

$35
$36
$40
A.Upside-0.7%
A.R:R-1.2:1
Setup A.R:R (at entry)2.1:1

Position Sizing

ConvictionHigh conviction
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-16.7% upside)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-08-04 (50d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is SKT stock a buy right now?

Hold if already holding. Not a fresh buy at $40.51, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: outlet and open-air retail centers; Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Downgraded from BUY WAIT — price $40.52 has reached target $40.21. No upside to wait for. Target $40.21 (-0.7%), stop $34.74 (−16.6%), A.R:R -1.2:1. Score 5.9/10, moderate confidence.

What is the SKT stock price target?

Take-profit target: $40.21 (+10.2% upside). Target $40.21 (-0.7%), stop $34.74 (−16.6%), A.R:R -1.2:1. Stop-loss: $34.74.

What are the risks of investing in SKT?

Concentration risk — Property Type: outlet and open-air retail centers; Analyst target reached - limited upside remaining; Near 52-week high (0.1% away).

Is SKT overvalued or undervalued?

Tanger Inc. trades at a P/E of 38.2 (forward 32.8). TrendMatrix value score: 3.4/10. Verdict: Hold.

What do analysts say about SKT?

17 analysts cover SKT with a consensus score of 3.5/5. Average price target: $39.

What does Tanger Inc. do?Tanger Inc. is a self-managed, self-administered REIT owning 31 outlet centers and 3 open-air lifestyle centers (~14M...

Tanger Inc. is a self-managed, self-administered REIT owning 31 outlet centers and 3 open-air lifestyle centers (~14M sq ft, 98% occupied, 700+ store brands) in the U.S. and Canada. Revenue comes from base and percentage rents ($550.9M in 2025); no single tenant exceeds 7% of leasable sq ft or 6% of combined rental revenues.

Related stocks: EPRT (Essential Properties Realty Tru) · FRT (Federal Realty Investment Trust) · CBL (CBL & Associates Properties, In) · NTST (NetSTREIT Corp.) · GTY (Getty Realty Corporation)
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