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Barclays Keeps Their Hold Rating on Tanger (SKT)

Tipranks - Tipranks - Sat Mar 7, 4:54AM CST

In a report released today, Richard Hightower from Barclays maintained a Hold rating on Tanger, with a price target of $38.00.

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According to TipRanks, Hightower is an analyst with an average return of -0.4% and a 48.85% success rate. Hightower covers the Real Estate sector, focusing on stocks such as Diamondrock, Invitation Homes, and Park Hotels & Resorts.

In addition to Barclays, Tanger also received a Hold from Citi’s Nicholas Joseph in a report issued on February 27. However, on March 3, J.P. Morgan maintained a Buy rating on Tanger (NYSE: SKT).

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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

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