Tanger (SKT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $30.64 to $31.40
• 50-Day Range: $28.81 to $32.29
• 52-Week Range: $25.96 to $37.57
• Volume: 795,385 shs
• Average Volume: 833,390 shs
• Market Capitalization: $3.55 billion
• P/E Ratio: 37.37
• Dividend Yield: 3.73%
• Price Target: $36.56
• Consensus Rating: Hold

Tanger Stock Analysis - MarketRank™

Tanger scored higher than 58% of companies evaluated by MarketBeat, and ranked 541st out of 938 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Tanger has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tanger has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 4.46%

Earnings Growth

Earnings for Tanger are expected to grow by 4.46% in the coming year, from $2.24 to $2.34 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tanger is 37.37, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.64.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tanger is 37.37, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.85.

Price to Earnings Growth Ratio

Tanger has a PEG Ratio of 2.94. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Tanger has a P/B Ratio of 5.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.34% of the float of Tanger has been sold short.

Short Interest Ratio / Days to Cover

Tanger has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Tanger has recently increased by 8.37%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Tanger is a leading dividend payer. It pays a dividend yield of 3.78%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Tanger has only been increasing its dividend for 4 years.

Dividend Coverage

The dividend payout ratio of Tanger is 139.29%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Tanger will have a dividend payout ratio of 50.00% next year. This indicates that Tanger will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.6 / 5
• Environmental Score: -3.69

Percentage of Shares Shorted

5.34% of the float of Tanger has been sold short.

Short Interest Ratio / Days to Cover

Tanger has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Tanger has recently increased by 8.37%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.66

News Sentiment

Tanger has a news sentiment score of 0.66. 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 is a lower news sentiment than the 0.86 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Tanger this week, compared to 5 articles on an average week.

Search Interest

Only 2 people have searched for SKT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

3 people have added Tanger to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tanger insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.70% of the stock of Tanger is held by insiders.

Percentage Held by Institutions

85.23% of the stock of Tanger is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SKT Stock Analysis - Frequently Asked Questions

How have SKT shares performed this year?

Tanger's stock was trading at $34.13 on January 1st, 2025. Since then, SKT stock has decreased by 8.0% and is now trading at $31.39.
View the best growth stocks for 2025 here.

How were Tanger's earnings last quarter?

Tanger Inc. (NYSE:SKT) issued its quarterly earnings data on Wednesday, April, 30th. The real estate investment trust reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. The firm's quarterly revenue was up 9.7% compared to the same quarter last year.
Read the conference call transcript.

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.

What other stocks do shareholders of Tanger own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tanger investors own include AT&T (T), NVIDIA (NVDA), Meta Platforms (META), AbbVie (ABBV), Exxon Mobil (XOM), Verizon Communications (VZ) and Delta Air Lines (DAL).

Company Calendar

• Last Earnings: 4/30/2025
• Record date for 5/15 Dividend: 4/30/2025
• Ex-Dividend for 5/15 Dividend: 4/30/2025
• Dividend Payable: 5/15/2025
• Today: 7/02/2025
• Next Earnings (Confirmed): 8/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - RETAIL
• Sub-Industry: Retail REITs
• Current Symbol: NYSE:SKT
• CIK: 899715
• Web: www.tangeroutlet.com
• Phone: (336) 292-3010
• Fax: 336-852-2096
• Employees: 600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $36.56
• High Stock Price Target: $41.00
• Low Stock Price Target: $33.00
• Potential Upside/Downside: +16.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.44
• Research Coverage: 9 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.84
• Trailing P/E Ratio: 37.37
• Forward P/E Ratio: 14.01
• P/E Growth: 2.9
• Net Income: $98.60 million
• Net Margins: 17.65%
• Pretax Margin: 16.41%
• Return on Equity: 15.13%
• Return on Assets: 4.03%

Debt

• Debt-to-Equity Ratio: 2.37
• Current Ratio: 0.14
• Quick Ratio: 0.14

Sales & Book Value

• Annual Sales: $526.06 million
• Price / Sales: 6.75
• Cash Flow: $2.25 per share
• Price / Cash Flow: 13.98
• Book Value: $6.14 per share
• Price / Book: 5.11

Miscellaneous

• Outstanding Shares: 113,170,000
• Free Float: 106,723,000
• Market Cap: $3.55 billion
• Optionable: Optionable
• Beta: 1.17