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NYSE:SKT

Tanger Factory Outlet Centers (SKT) Stock Forecast, Price & News

$22.49
-0.38 (-1.66%)
(As of 09/21/2023 ET)
Compare
Today's Range
$22.48
$23.00
50-Day Range
$22.40
$25.01
52-Week Range
$13.26
$25.23
Volume
565,830 shs
Average Volume
906,091 shs
Market Capitalization
$2.37 billion
P/E Ratio
27.10
Dividend Yield
4.36%
Price Target
$23.80

Tanger Factory Outlet Centers MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.8% Upside
$23.80 Price Target
Short Interest
Bearish
8.00% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.69
Upright™ Environmental Score
News Sentiment
0.81mentions of Tanger Factory Outlet Centers in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.69 out of 5 stars

Finance Sector

740th out of 837 stocks

Real Estate Investment Trusts Industry

155th out of 179 stocks


SKT stock logo

About Tanger Factory Outlet Centers (NYSE:SKT) Stock

Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, fully or partially owns and/or manages a portfolio of 37 centers, including one center under development. Tanger's operating centers, which comprise approximately 14 million square feet, are located in 20 states and in Canada and are leased to over 2,700 stores operated by more than 600 different brand name companies. Tanger has more than 42 years of experience in the outlet industry and has been a publicly traded REIT since 1993. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended June 30, 2023.

SKT Price History

SKT Stock News Headlines

His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Tanger Appoints Jessica K. Norman as EVP and General Counsel
Where Tanger Factory Outlet Stands With Analysts
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
This High-Yield Dividend Stock Just Crushed Earnings
Simon Property (SPG) Q2 FFO Miss Estimates
Here's How Tanger Can Afford Its 4.3% Dividend Yield
Tanger Factory Outlet Is Overpriced
See More Headlines
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SKT Company Calendar

Last Earnings
8/08/2022
Ex-Dividend for 8/15 Dividend
7/28/2023
Dividend Payable
8/15/2023
Today
9/21/2023
Next Earnings (Confirmed)
11/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
87546510
Employees
341
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.80
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+5.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$82.06 million
Pretax Margin
19.27%

Debt

Sales & Book Value

Annual Sales
$442.61 million
Cash Flow
$1.85 per share
Book Value
$4.93 per share

Miscellaneous

Free Float
102,866,000
Market Cap
$2.37 billion
Optionable
Optionable
Beta
1.82
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Key Executives

  • Mr. Steven B. Tanger (Age 74)
    Exec. Chair of the Board
    Comp: $1.81M
  • Mr. Stephen J. Yalof (Age 60)
    Pres, CEO & Director
    Comp: $2.48M
  • Mr. Michael Jason Bilerman (Age 48)
    Exec. VP, CFO & Chief Investment Officer
    Comp: $1.05M
  • Ms. Leslie A. Swanson Gallardo (Age 52)
    Exec. VP & COO
    Comp: $910.21k
  • Mr. Thomas J. Guerrieri Jr. (Age 50)
    Sr. VP & Chief Accounting Officer
    Comp: $471.93k
  • Brian A. Auger
    Sr. VP of Legal
  • Ms. Virginie Julie Schena
    Sr. VP of People & Culture
  • Joshua D. Cox
    Sr. VP of Tax
  • Craig Wise
    Sr. VP of Digital Strategy
  • Mr. Steve M. Dworkin
    Sr. VP of Real Estate













SKT Stock - Frequently Asked Questions

Should I buy or sell Tanger Factory Outlet Centers stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating 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 Factory Outlet Centers' stock price forecast for 2023?

5 equities research analysts have issued 1-year target prices for Tanger Factory Outlet Centers' stock. Their SKT share price forecasts range from $20.00 to $26.00. On average, they expect the company's share price to reach $23.80 in the next twelve months. This suggests a possible upside of 5.5% 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 2023?

Tanger Factory Outlet Centers' stock was trading at $17.94 at the beginning of 2023. Since then, SKT shares have increased by 25.7% and is now trading at $22.55.
View the best growth stocks for 2023 here
.

When is Tanger Factory Outlet Centers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our SKT earnings forecast
.

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

Tanger Factory Outlet Centers will be holding an earnings conference call on Tuesday, November 7th 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 "13740617".

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) posted its quarterly earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.23. The real estate investment trust had revenue of $105.84 million for the quarter, compared to the consensus estimate of $104.45 million. Tanger Factory Outlet Centers had a trailing twelve-month return on equity of 17.41% and a net margin of 19.87%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS.

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 Friday, July 14th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.245 per share on Tuesday, August 15th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Friday, July 28th.
Read our dividend analysis for SKT
.

Is Tanger Factory Outlet Centers a good dividend stock?

Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.98 per share and currently has a dividend yield of 4.23%. 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 118.07%. 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 51.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKT.

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

Tanger Factory Outlet Centers issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $1.85-$1.92 for the period, compared to the consensus earnings per share estimate of $1.88. The company issued revenue guidance of -.

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

19 employees have rated Tanger Factory Outlet Centers 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 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.96%), State Street Corp (6.22%), LSV Asset Management (2.50%), Geode Capital Management LLC (2.12%), Charles Schwab Investment Management Inc. (1.75%) and Northern Trust Corp (1.45%). 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 Factory Outlet Centers?

Shares of SKT stock 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 $22.55.

How much money does Tanger Factory Outlet Centers make?

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $2.37 billion and generates $442.61 million in revenue each year. The real estate investment trust earns $82.06 million in net income (profit) each year or $0.83 on an earnings per share basis.

How many employees does Tanger Factory Outlet Centers have?

The company employs 341 workers across the globe.

How can I contact Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers' mailing address is 3200 NORTHLINE AVENUE SUITE 360, GREENSBORO NC, 27408. The official website for the company is www.tangeroutlet.com. The real estate investment trust can be reached via phone at (336) 292-3010, via email at tangerir@tangeroutlet.com, or via fax at 336-852-2096.

This page (NYSE:SKT) was last updated on 9/21/2023 by MarketBeat.com Staff

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