NYSE:SKT Tanger (SKT) Stock Price, News & Analysis → Top 5 Tech Stocks to Buy for 2024 (From Daily Market Alerts) (Ad) Free SKT Stock Alerts $26.80 -0.28 (-1.03%) (As of 06/7/2024 08:52 PM ET) Add Compare Share Share Today's Range$26.64▼$26.9450-Day Range$26.47▼$29.3452-Week Range$20.34▼$29.98Volume724,900 shsAverage Volume744,542 shsMarket Capitalization$2.93 billionP/E Ratio29.45Dividend Yield4.10%Price Target$29.57 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Tanger alerts: Email Address Tanger MarketRank™ Stock AnalysisAnalyst RatingHold2.43 Rating ScoreUpside/Downside10.3% Upside$29.57 Price TargetShort InterestHealthy3.62% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.69Upright™ Environmental ScoreNews Sentiment1.03Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth4.37%From $2.06 to $2.15 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.06 out of 5 starsFinance Sector257th out of 816 stocksReal Estate Investment Trusts Industry39th out of 172 stocks 3.2 Analyst's Opinion Consensus RatingTanger has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageTanger has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Tanger's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.62% of the outstanding shares of Tanger have been sold short.Short Interest Ratio / Days to CoverTanger has a short interest ratio ("days to cover") of 5.4.Change versus previous monthShort interest in Tanger has recently decreased by 3.65%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipTanger is a leading dividend payer. It pays a dividend yield of 4.10%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTanger has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Tanger is 120.88%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Tanger will have a dividend payout ratio of 51.16% next year. This indicates that Tanger will be able to sustain or increase its dividend.Read more about Tanger's dividend. Previous Next 0.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTanger has received a -71.25% net impact score from Upright. The largest negative impact of Tanger Factory Outlet Centers in category "GHG emissions" is driven by its "Real estate funds investing in shopping centers" and "Real estate development services of retail space" products. See details.Environmental SustainabilityThe Environmental Impact score for Tanger is -3.69. Previous Next 2.2 News and Social Media Coverage News SentimentTanger has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Tanger this week, compared to 4 articles on an average week.Search InterestOnly 4 people have searched for SKT on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Tanger to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tanger insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.80% of the stock of Tanger is held by insiders.Percentage Held by Institutions85.23% of the stock of Tanger is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Tanger's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Tanger are expected to grow by 4.37% in the coming year, from $2.06 to $2.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tanger is 29.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.61.Price to Earnings Ratio vs. SectorThe P/E ratio of Tanger is 29.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.84.Price to Earnings Growth RatioTanger has a PEG Ratio of 3.08. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTanger has a P/B Ratio of 4.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Tanger's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Smallcaps DailyIt's time to ween off Chinese lithium!As the lithium rush continues, this small-cap NASDAQ-traded company may be one of the brightest and most promising companies to be watching closelyLearn how this American company is leading the lithium-ion revolution About Tanger Stock (NYSE:SKT)Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter and year ended December 31, 2023.Read More SKT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SKT Stock News HeadlinesJune 9 at 4:45 AM | fool.comHere Are My Top 2 High-Yield Dividend Stocks to Buy NowJune 6, 2024 | prnewswire.comTanger Inc. Receives 2024 Nareit Investor CARE Gold Award for Excellence in Communications and ReportingJune 3, 2024 | prnewswire.comTanger Expands Partnership with SephoraMay 30, 2024 | prnewswire.comTanger Releases 2023 Environmental, Social, and Governance ReportMay 28, 2024 | prnewswire.comTanger to Present at Nareit's REITweek 2024 Investor ConferenceMay 23, 2024 | prnewswire.comTanger Schedules Second Quarter 2024 Earnings Release and Conference CallMay 18, 2024 | msn.comScotiabank Upgrades Tanger (SKT)May 17, 2024 | markets.businessinsider.comDecoding 7 Analyst Evaluations For TangerMay 17, 2024 | msn.comTanger raised to Sector Perform at Scotiabank as tenant risk not surfacingMay 10, 2024 | uk.finance.yahoo.comDirector Susan Skerritt Sells 12,722 Shares of Tanger Inc (SKT)May 3, 2024 | msn.comCompass Point Upgrades Tanger (SKT)May 2, 2024 | finance.yahoo.com'Everybody's looking for value': Tanger CEO on consumer spendingMay 2, 2024 | finance.yahoo.comTanger Factory Outlet Centers, Inc. (NYSE:SKT) Q1 2024 Earnings Call TranscriptMay 2, 2024 | finance.yahoo.comTanger Inc (SKT) Q1 2024 Earnings Call Transcript Highlights: Strategic Growth and Solid ...May 2, 2024 | msn.comTanger stock up after Compass Point upgrades to Buy on outlook raiseMay 2, 2024 | gurufocus.comQ1 2024 Tanger Inc Earnings Call TranscriptMay 1, 2024 | markets.businessinsider.comScotiabank Reaffirms Their Sell Rating on Tanger Factory (SKT)May 1, 2024 | markets.businessinsider.comIn-Depth Examination Of 5 Analyst Recommendations For TangerApril 30, 2024 | msn.comSKT Stock Earnings: Tanger Factory Outlet Beats EPS, Beats Revenue for Q1 2024April 30, 2024 | finance.yahoo.comTanger Inc (SKT) Q1 Earnings: A Detailed Analysis of Performance and Future OutlookApril 30, 2024 | prnewswire.comTanger Reports First Quarter Results and Raises Full-Year 2024 GuidanceApril 29, 2024 | markets.businessinsider.comHere's what to expect from Tanger Factory Outlet Centers's earningsApril 27, 2024 | nasdaq.comEx-Dividend Reminder: Virtus Investment Partners, SL Green Realty and TangerApril 26, 2024 | finance.yahoo.comLancaster Tanger Outlets announces opening of new retailerApril 19, 2024 | finance.yahoo.comTanger Inc. (SKT)See More Headlines Receive SKT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tanger and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/08/2022Ex-Dividend for 5/15 Dividend4/29/2024Dividend Payable5/15/2024Today6/09/2024Next Earnings (Confirmed)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryRetail REITs Current SymbolNYSE:SKT CUSIP87546510 CIK899715 Webwww.tangeroutlet.com Phone(336) 292-3010Fax336-852-2096Employees364Year FoundedN/APrice Target and Rating Average Stock Price Target$29.57 High Stock Price Target$33.00 Low Stock Price Target$26.00 Potential Upside/Downside+10.3%Consensus RatingHold Rating Score (0-4)2.43 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio29.45 Forward P/E Ratio13.01 P/E Growth3.08Net Income$99.15 million Net Margins20.27% Pretax Margin19.53% Return on Equity17.72% Return on Assets4.30% Debt Debt-to-Equity Ratio2.54 Current Ratio0.20 Quick Ratio0.20 Sales & Book Value Annual Sales$464.41 million Price / Sales6.31 Cash Flow$1.94 per share Price / Cash Flow13.80 Book Value$5.44 per share Price / Book4.93Miscellaneous Outstanding Shares109,350,000Free Float103,011,000Market Cap$2.93 billion OptionableOptionable Beta1.85 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Stephen J. Yalof (Age 61)President, CEO & Director Comp: $2.6MMr. Michael Jason Bilerman (Age 49)Executive VP, CFO & Chief Investment Officer Comp: $1.35MMs. Leslie A. Swanson Gallardo (Age 53)Executive VP & COO Comp: $496.65kMr. Thomas J. Guerrieri Jr. (Age 51)Senior VP & Chief Accounting Officer Comp: $471.93kMs. Jessica K. Norman (Age 42)Executive VP, General Counsel & Secretary Regina CampbellSenior Vice President of MarketingChristi DownesSenior Vice President of People, Culture & DiversityBrian A. AugerSenior Vice President of Legal & Corporate CounselJoshua D. CoxSenior Vice President of TaxCraig WiseSenior Vice President of Digital StrategyMore ExecutivesKey CompetitorsFederal Realty Investment TrustNYSE:FRTNNN REITNYSE:NNNAgree RealtyNYSE:ADCKite Realty Group TrustNYSE:KRGMacerichNYSE:MACView All CompetitorsInsiders & InstitutionsBurney Co.Bought 242,385 shares on 5/22/2024Ownership: 0.222%Beck Bode LLCBought 892 shares on 5/22/2024Ownership: 0.063%EMC Capital ManagementBought 697 shares on 5/20/2024Ownership: 0.013%Hancock Whitney CorpBought 22,859 shares on 5/17/2024Ownership: 0.066%Walleye Trading LLCSold 2,900 shares on 5/17/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions SKT Stock Analysis - Frequently Asked Questions Should I buy or sell Tanger stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tanger in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SKT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKT, but not buy additional shares or sell existing shares. View SKT analyst ratings or view top-rated stocks. What is Tanger's stock price target for 2024? 7 Wall Street analysts have issued 1-year target prices for Tanger's stock. Their SKT share price targets range from $26.00 to $33.00. On average, they expect the company's share price to reach $29.57 in the next year. This suggests a possible upside of 10.3% from the stock's current price. View analysts price targets for SKT or view top-rated stocks among Wall Street analysts. How have SKT shares performed in 2024? Tanger's stock was trading at $27.72 at the beginning of 2024. Since then, SKT stock has decreased by 3.3% and is now trading at $26.80. View the best growth stocks for 2024 here. When is Tanger's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024. View our SKT earnings forecast. How can I listen to Tanger's earnings call? Tanger will be holding an earnings conference call on Friday, August 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13746825". How were Tanger's earnings last quarter? Tanger Inc. (NYSE:SKT) released its quarterly earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.42 by $0.23. The real estate investment trust had revenue of $105.84 million for the quarter, compared to analyst estimates of $104.45 million. Tanger had a trailing twelve-month return on equity of 17.72% and a net margin of 20.27%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. How often does Tanger pay dividends? What is the dividend yield for Tanger? Tanger announced a quarterly dividend on Wednesday, April 10th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.275 per share on Wednesday, May 15th. This represents a $1.10 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from the stock's previous quarterly dividend of $0.26. Read our dividend analysis for SKT. Is Tanger a good dividend stock? Tanger (NYSE:SKT) pays an annual dividend of $1.10 per share and currently has a dividend yield of 4.10%. SKT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 120.88%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SKT will have a dividend payout ratio of 51.16% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SKT. What ETFs hold Tanger's stock? ETFs with the largest weight of Tanger (NYSE:SKT) stock in their portfolio include Invesco Dorsey Wright Financial Momentum ETF (PFI), U.S. Diversified Real Estate ETF (PPTY), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco S&P SmallCap Financials ETF (PSCF), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), Fidelity Real Estate Investment ETF (FPRO) and iShares US Credit Bond ETF (CRED). What guidance has Tanger issued on next quarter's earnings? Tanger updated its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of 2.030-2.110 for the period, compared to the consensus earnings per share estimate of 2.070. The company issued revenue guidance of -. What is Steven B. Tanger's approval rating as Tanger's CEO? 19 employees have rated Tanger Chief Executive Officer Steven B. Tanger on Glassdoor.com. Steven B. Tanger has an approval rating of 98% among the company's employees. This puts Steven B. Tanger in the top 20% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Tanger own? Based on aggregate information from My MarketBeat watchlists, some companies that other Tanger investors own include AT&T (T), Verizon Communications (VZ), Enterprise Products Partners (EPD), Delta Air Lines (DAL), Cisco Systems (CSCO), AbbVie (ABBV), Exxon Mobil (XOM), Simon Property Group (SPG), CVS Health (CVS) and Intel (INTC). Who are Tanger's major shareholders? Tanger's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.96%), LSV Asset Management (0.84%), Principal Financial Group Inc. (0.56%), O Keefe Stevens Advisory Inc. (0.35%), BROOKFIELD Corp ON (0.32%) and Portman Square Capital LLP (0.00%). Insiders that own company stock include Carrie A Warren, Chad Perry, Steven B Tanger, Susan E Skerritt, Thomas Joseph Guerrieri Jr and Thomas Reddin. View institutional ownership trends. How do I buy shares of Tanger? Shares of SKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:SKT) was last updated on 6/10/2024 by MarketBeat.com Staff From Our PartnersIt's time to ween off Chinese lithium!As the lithium rush continues, this small-cap NASDAQ-traded company may be one of the brightest and most promi...Smallcaps Daily | SponsoredTop 5 Tech Stocks to Buy for 2024The next evolution of technology is already upending industries worth $7 Trillion… It's already got the world'...Daily Market Alerts | SponsoredTop 5 AI Stocks to Buy for 2024The electric vehicle boom is accelerating – and fast.Market Moving Trends | SponsoredNo Strings Attached: Get 30 Days of Hedgeye’s Top Stock Picks for FreeOptimize your stock investing strategy with Hedgeye's Investing Ideas, where rigorous fundamental stock analys...Hedgeye | SponsoredThe Only Energy Play You Should Be Looking AtOpen AI’s Sam Altman recently helped this company raise $577 million in funding… What’s more is, It has alr...Wealthpin Pro | SponsoredYou won't believe what Citigroup just did to it's depositorsThe FEDNOW Biden Dollar ends cash in a matter of WEEKS Stumbling Biden's dollar next phases begins Oct 21st...American Alternative | SponsoredWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made...StocksToTrade | SponsoredRSVP: Charles Payne’s Cash Flow WorkshopDid you know you could "cash flow" the stocks in your portfolio? Without selling a single share of stock? ...Unstoppable Prosperity | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Tanger Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share Tanger With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.