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Tanger (SKT) Stock Price, News & Analysis

Tanger logo
$28.81 -0.45 (-1.53%)
Closing price 05/23/2025 03:59 PM Eastern
Extended Trading
$28.82 +0.01 (+0.03%)
As of 05/23/2025 06:44 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Tanger Stock (NYSE:SKT)

Key Stats

Today's Range
$28.74
$29.23
50-Day Range
$28.81
$34.75
52-Week Range
$25.94
$37.57
Volume
979,532 shs
Average Volume
804,364 shs
Market Capitalization
$3.26 billion
P/E Ratio
33.12
Dividend Yield
4.06%
Price Target
$37.00
Consensus Rating
Moderate Buy

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.

Tanger Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
78th Percentile Overall Score

SKT MarketRank™: 

Tanger scored higher than 78% of companies evaluated by MarketBeat, and ranked 352nd out of 911 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Tanger has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 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.

  • Read more about Tanger's stock forecast and price target.
  • 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 33.12, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.52.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tanger is 33.12, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.25.

  • Price to Earnings Growth Ratio

    Tanger has a PEG Ratio of 2.97. 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 4.69. 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.
  • Percentage of Shares Shorted

    4.41% of the outstanding shares of Tanger have been sold short.
  • Short Interest Ratio / Days to Cover

    Tanger has a short interest ratio ("days to cover") of 4.8.
  • Change versus previous month

    Short interest in Tanger has recently increased by 3.74%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Tanger is a leading dividend payer. It pays a dividend yield of 3.76%, 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.

  • Read more about Tanger's dividend.
  • Percentage of Shares Shorted

    4.41% of the outstanding shares of Tanger have been sold short.
  • Short Interest Ratio / Days to Cover

    Tanger has a short interest ratio ("days to cover") of 4.8.
  • Change versus previous month

    Short interest in Tanger has recently increased by 3.74%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Tanger has a news sentiment score of 1.70. 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 higher news sentiment than the 0.99 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 3 people have searched for SKT on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added Tanger to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Tanger insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $404,750.00 in 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.

  • Read more about Tanger's insider trading history.
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SKT Stock News Headlines

Five REITs raise dividends in April
Trump’s treachery
Trump’s Final Reset Inside the shocking plot to re-engineer America’s financial system…and why you need to move your money now.
KeyBanc Remains a Hold on Tanger (SKT)
See More Headlines

SKT Stock Analysis - Frequently Asked Questions

Tanger's stock was trading at $34.13 on January 1st, 2025. Since then, SKT shares have decreased by 15.6% and is now trading at $28.8110.
View the best growth stocks for 2025 here
.

Tanger Inc. (NYSE:SKT) released its quarterly earnings results on Wednesday, April, 30th. The real estate investment trust reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. Tanger's revenue for the quarter was up 9.7% on a year-over-year basis.
Read the conference call transcript
.

Top institutional shareholders of Tanger include Vanguard Group Inc. (15.47%), Wellington Management Group LLP (2.10%), Charles Schwab Investment Management Inc. (1.74%) and Northern Trust Corp (1.62%). Insiders that own company stock include Steven B Tanger, Gallardo Leslie Swanson, Thomas Joseph Guerrieri Jr and Thomas Reddin.
View institutional ownership trends
.

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.

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
5/25/2025
Next Earnings (Estimated)
8/07/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Current Symbol
NYSE:SKT
Employees
600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$37.00
High Stock Price Target
$41.00
Low Stock Price Target
$33.00
Potential Upside/Downside
+28.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Trailing P/E Ratio
33.12
Forward P/E Ratio
12.86
P/E Growth
2.97
Net Income
$99.15 million
Pretax Margin
17.39%

Debt

Sales & Book Value

Annual Sales
$538.06 million
Cash Flow
$1.72 per share
Price / Cash Flow
16.76
Book Value
$6.14 per share
Price / Book
4.69

Miscellaneous

Free Float
104,273,000
Market Cap
$3.26 billion
Optionable
Optionable
Beta
1.18

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This page (NYSE:SKT) was last updated on 5/25/2025 by MarketBeat.com Staff
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