Goldman Sachs sets USD 40.00 target for Tanger stock

Published on 10/17/2026 at 20:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tanger declared USD 0.31 payable November 13, 2026. Tanger stock last stood at USD 35.43 on October 16, 2026, up 0.34 percent versus NYSE prior close.

Target update and valuation

Goldman Sachs lowered its Tanger target from USD 46.00 to USD 40.00 on October 7, 2026.
Tanger declared a quarterly dividend of USD 0.31 per share payable on November 13, 2026.
Tanger stock last stood at USD 35.43 on October 16, 2026, up 0.34 percent versus the NYSE prior close.
Tanger's P/E was 32.21 and its market capitalization was USD 4.1 billion as of October 16, 2026.

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Goldman Sachs lowered its Tanger target from USD 46.00 to USD 40.00 on October 7, 2026, according to Markets Insider. The target stood 12.90 percent above Tanger's last price. Tanger was last at USD 35.43 on October 16, 2026 at 4:00 p.m. ET, up 0.34 percent versus the NYSE prior close of October 15, 2026.

Dividend adds a dated cash return

Tanger's board declared a quarterly cash dividend of USD 0.3125 per share payable on November 13, 2026, with October 30, 2026 as the record date, Business Wire reported on October 15, 2026. Tanger's second-quarter 2026 revenue was USD 156.39 million and net income available to common shareholders was USD 33.24 million, according to Tanger.

Price sits below the yearly high

The October 16, 2026 price was 16.69 percent below the USD 42.53 52-week high and 13.81 percent above the USD 31.13 low. Trading volume reached 1,312,629 shares, compared with an average of 925,073, making the session volume 41.9 percent higher than average.

Valuation and reporting dates

Tanger's market capitalization was USD 4.1 billion and its P/E ratio was 32.21 on October 16, 2026. The dividend yield was 3.00 percent. The company is scheduled to release third-quarter 2026 results after the market close on November 4, 2026 and hold its conference call on November 5, 2026, according to Business Wire.

Comparison with peers on October 16, 2026

Tanger (NYSE, USD): plus 0.34 percent, P/E 32.21, market capitalization USD 4.1 billion
Simon Property Group (NYSE, USD): plus 1.01 percent, P/E 14.53, market capitalization USD 66.5 billion
The Macerich Company (NYSE, USD): minus 0.56 percent, P/E minus 35.32, market capitalization USD 6.8 billion

Stock position before November results

Tanger's last price sat between its yearly low and high, while its valuation remained above the P/E ratios of the two retail-property peers listed above. The next scheduled results date is November 4, 2026, followed by the dividend payment on November 13, 2026.