Retail real estate investment trusts (REITs) specialize in owning and managing retail properties, including shopping centers, malls, strip malls, and other retail spaces. Retail REITs generate revenue through leasing space to retailers, making them a popular choice for investors seeking income. As is the case with all REITs, retail REITs are required to distribute a significant portion of their income to shareholders in the form of dividends, making them a popular choice for investors seeking in
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Citigroup upgraded shares of Tanger (NYSE:SKT – Free Report) from a neutral rating to a buy rating in a research report sent to investors on Friday morning, Marketbeat.com reports. The brokerage currently has $33.00 target price on the real estate investment trust’s stock, up from their prior target price of $30.00. Other equities analysts also […]