NYSE:SKT

Tanger Factory Outlet Centers Stock Forecast, Price & News

$17.98
+0.09 (+0.50 %)
(As of 07/27/2021 12:00 AM ET)
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Today's Range
$17.75
$18.25
50-Day Range
$15.99
$20.20
52-Week Range
$5.46
$22.40
Volume1.11 million shs
Average Volume3.42 million shs
Market Capitalization$1.81 billion
P/E Ratio41.81
Dividend Yield3.97%
Beta2.05
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Tanger Factory Outlet Centers logo

About Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended September 30, 2020.

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MarketRank

Overall MarketRank

2.00 out of 5 stars

Finance Sector

360th out of 2,047 stocks

Real Estate Investment Trusts Industry

84th out of 283 stocks

Analyst Opinion: 0.8Community Rank: 3.0Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Tanger Factory Outlet Centers (NYSE:SKT) Frequently Asked Questions

Is Tanger Factory Outlet Centers a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Tanger Factory Outlet Centers stock. 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 analyst ratings for Tanger Factory Outlet Centers
or view top-rated stocks.

What stocks does MarketBeat like better than Tanger Factory Outlet Centers?

Wall Street analysts have given Tanger Factory Outlet Centers a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Tanger Factory Outlet Centers wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 18,580,000 shares, a decrease of 18.1% from the May 31st total of 22,690,000 shares. Based on an average daily volume of 1,890,000 shares, the days-to-cover ratio is currently 9.8 days. Currently, 19.0% of the shares of the company are short sold.
View Tanger Factory Outlet Centers' Short Interest
.

When is Tanger Factory Outlet Centers' next earnings date?

Tanger Factory Outlet Centers is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Tanger Factory Outlet Centers
.

How can I listen to Tanger Factory Outlet Centers' earnings call?

Tanger Factory Outlet Centers will be holding an earnings conference call on Wednesday, August 4th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "10157928".

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) posted its quarterly earnings data on Wednesday, May, 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.32. Tanger Factory Outlet Centers had a trailing twelve-month return on equity of 10.59% and a net margin of 10.63%.
View Tanger Factory Outlet Centers' earnings history
.

How has Tanger Factory Outlet Centers' stock been impacted by COVID-19 (Coronavirus)?

Tanger Factory Outlet Centers' stock was trading at $9.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SKT shares have increased by 85.9% and is now trading at $17.98.
View which stocks have been most impacted by COVID-19
.

How often does Tanger Factory Outlet Centers pay dividends? What is the dividend yield for Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers announced a quarterly dividend on Monday, July 12th. Stockholders of record on Friday, July 30th will be paid a dividend of $0.177 per share on Friday, August 13th. This represents a $0.71 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Thursday, July 29th.
View Tanger Factory Outlet Centers' dividend history
.

Is Tanger Factory Outlet Centers a good dividend stock?

Tanger Factory Outlet Centers pays an annual dividend of $0.71 per share and currently has a dividend yield of 3.97%. SKT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Tanger Factory Outlet Centers does not yet have a strong track record of dividend growth. The dividend payout ratio of Tanger Factory Outlet Centers is 44.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Tanger Factory Outlet Centers will have a dividend payout ratio of 47.65% next year. This indicates that Tanger Factory Outlet Centers will be able to sustain or increase its dividend.
View Tanger Factory Outlet Centers' dividend history.

What guidance has Tanger Factory Outlet Centers issued on next quarter's earnings?

Tanger Factory Outlet Centers updated its FY 2021 earnings guidance on Wednesday, May, 26th. The company provided earnings per share guidance of 1.470-1.570 for the period. The company issued revenue guidance of -.

What price target have analysts set for SKT?

4 brokers have issued 1 year price targets for Tanger Factory Outlet Centers' shares. Their forecasts range from $7.50 to $15.00. On average, they anticipate Tanger Factory Outlet Centers' share price to reach $11.38 in the next twelve months. This suggests that the stock has a possible downside of 36.7%.
View analysts' price targets for Tanger Factory Outlet Centers
or view top-rated stocks among Wall Street analysts.

Who are Tanger Factory Outlet Centers' key executives?

Tanger Factory Outlet Centers' management team includes the following people:
  • Mr. Steven B. Tanger, Exec. Chair of the Board (Age 72, Pay $1.62M)
  • Mr. Stephen J. Yalof, Pres, CEO & Director (Age 58, Pay $1.96M)
  • Mr. James F. Williams CPA, Exec. VP, CFO & Treasurer (Age 56, Pay $647.43k)
  • Mr. Chad D. Perry J.D., Exec. VP, Sec. & Gen. Counsel (Age 49, Pay $665k)
  • Ms. Lisa J. Morrison, Exec. VP of Leasing (Leave of Absence) (Age 61, Pay $385.31k)
  • Ms. Leslie A. Swanson Gallardo, Exec. VP of Operations (Age 50)
  • Mr. Thomas J. Guerrieri Jr., Sr. VP & Chief Accounting Officer (Age 48)
  • Ms. Cyndi M. Holt, Sr. VP of Fin. & Investor Relations
  • Ms. Carrie A. Warren, Exec. VP & Chief Marketing Officer (Age 58)
  • Beth G. Lippincott, Sr. VP of Leasing & Strategic Planning

What is Steven B. Tanger's approval rating as Tanger Factory Outlet Centers' CEO?

19 employees have rated Tanger Factory Outlet Centers CEO Steven B. Tanger on Glassdoor.com. Steven B. Tanger has an approval rating of 98% among Tanger Factory Outlet Centers' employees. This puts Steven B. Tanger in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Tanger Factory Outlet Centers' key competitors?

What other stocks do shareholders of Tanger Factory Outlet Centers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tanger Factory Outlet Centers 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).

What is Tanger Factory Outlet Centers' stock symbol?

Tanger Factory Outlet Centers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKT."

Who are Tanger Factory Outlet Centers' major shareholders?

Tanger Factory Outlet Centers' stock is owned by a variety of institutional and retail investors. Top institutional investors include Marathon Asset Management LLP (1.17%), State of Alaska Department of Revenue (0.11%), Albert D Mason Inc. (0.08%), Spirit of America Management Corp NY (0.01%) and XR Securities LLC (0.00%). Company insiders that own Tanger Factory Outlet Centers stock include Carrie A Warren, Charles Allen Worsham, Steven B Tanger, Stewart Martin, Thomas Joseph Guerrieri Jr, Thomas Reddin and Virginia R Summerell.
View institutional ownership trends for Tanger Factory Outlet Centers
.

Which major investors are selling Tanger Factory Outlet Centers stock?

SKT stock was sold by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, XR Securities LLC, and Albert D Mason Inc.. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Warren, Thomas Joseph Guerrieri Jr, and Thomas Reddin.
View insider buying and selling activity for Tanger Factory Outlet Centers
or view top insider-selling stocks.

Which major investors are buying Tanger Factory Outlet Centers stock?

SKT stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Spirit of America Management Corp NY. Company insiders that have bought Tanger Factory Outlet Centers stock in the last two years include Steven B Tanger, and Thomas Reddin.
View insider buying and selling activity for Tanger Factory Outlet Centers
or or view top insider-buying stocks.

How do I buy shares of Tanger Factory Outlet Centers?

Shares of SKT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Tanger Factory Outlet Centers' stock price today?

One share of SKT stock can currently be purchased for approximately $17.98.

How much money does Tanger Factory Outlet Centers make?

Tanger Factory Outlet Centers has a market capitalization of $1.81 billion and generates $389.99 million in revenue each year. The real estate investment trust earns $-36,280,000.00 in net income (profit) each year or $1.58 on an earnings per share basis.

How many employees does Tanger Factory Outlet Centers have?

Tanger Factory Outlet Centers employs 262 workers across the globe.

What is Tanger Factory Outlet Centers' official website?

The official website for Tanger Factory Outlet Centers is www.tangeroutlet.com.

Where are Tanger Factory Outlet Centers' headquarters?

Tanger Factory Outlet Centers is headquartered at 3200 NORTHLINE AVENUE SUITE 360, GREENSBORO NC, 27408.

How can I contact Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers' mailing address is 3200 NORTHLINE AVENUE SUITE 360, GREENSBORO NC, 27408. The real estate investment trust can be reached via phone at 336-292-3010 or via email at [email protected]


This page was last updated on 7/28/2021 by MarketBeat.com Staff
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