Scotiabank Reaffirms Their Hold Rating on Tanger (SKT)

Scotiabank analyst Greg McGinniss maintained a Hold rating on Tanger on May 1 and set a price target of $36.00. The company’s shares closed last Friday at $36.35.

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McGinniss covers the Real Estate sector, focusing on stocks such as W. P. Carey Inc., Essential Properties Realty, and Realty Income. According to TipRanks, McGinniss has an average return of 1.9% and a 51.16% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Tanger with a $38.38 average price target, a 5.58% upside from current levels. In a report released on May 1, Evercore ISI also maintained a Hold rating on the stock with a $37.00 price target.

Based on Tanger’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $160.3 million and a net profit of $33.46 million. In comparison, last year the company earned a revenue of $140.74 million and had a net profit of $26.49 million

Based on the recent corporate insider activity of 30 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. Most recently, in March 2026, SUSAN E SKERRITT, a Director at SKT sold 5,060.00 shares for a total of $183,273.20.