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Analysts Have Conflicting Sentiments on These Real Estate Companies: Prologis (PLD) and Tanger (SKT)

Tipranks - Fri Jun 26, 3:32AM CDT

Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on Prologis (PLD) and Tanger (SKT).

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Prologis (PLD)

In a report released today, Brendan Lynch from Barclays maintained a Buy rating on Prologis, with a price target of $139.00. The company’s shares closed last Wednesday at $140.87.

According to TipRanks.com, Lynch is a 1-star analyst with an average return of -1.5% and a 45.2% success rate. Lynch covers the NA sector, focusing on stocks such as National Storage Affiliates, First Industrial Realty, and Cushman & Wakefield. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Prologis with a $155.13 average price target, representing a 6.9% upside. In a report released today, BMO Capital also maintained a Buy rating on the stock with a $162.00 price target.

See today’s best-performing stocks on TipRanks >>

Tanger (SKT)

In a report released today, Richard Hightower from Barclays maintained a Hold rating on Tanger, with a price target of $41.00. The company’s shares closed last Wednesday at $40.54.

According to TipRanks.com, Hightower is a 1-star analyst with an average return of -0.7% and a 48.4% success rate. Hightower covers the NA sector, focusing on stocks such as Essential Properties Realty, Phillips Edison & Company, and Apple Hospitality REIT. ;'>

Tanger has an analyst consensus of Hold, with a price target consensus of $39.88, which is a -0.2% downside from current levels. In a report issued on June 13, TipRanks – OpenAI also downgraded the stock to Hold with a $44.00 price target.

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