Tanger Stock Price, News & Analysis (NYSE:SKT) $26.72 -0.15 (-0.56%) (As of 12/5/2023 ET) Add Compare Share Share Today's Range$26.63▼$26.9250-Day Range$21.50▼$26.8752-Week Range$17.22▼$26.92Volume682,153 shsAverage Volume887,295 shsMarket Capitalization$2.81 billionP/E Ratio30.71Dividend Yield3.89%Price Target$24.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Tanger MarketRank™ Stock AnalysisAnalyst RatingReduce1.83 Rating ScoreUpside/Downside10.2% Downside$24.00 Price TargetShort InterestBearish8.71% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.69Upright™ Environmental ScoreNews Sentiment0.04Based on 8 Articles This WeekInsider TradingSelling Shares$3.51 M Sold Last QuarterProj. Earnings Growth2.06%From $1.94 to $1.98 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.38 out of 5 starsFinance Sector734th out of 772 stocksReal Estate Investment Trusts Industry153rd out of 165 stocks 0.9 Analyst's Opinion Consensus RatingTanger has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on no buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.00, Tanger has a forecasted downside of 10.2% from its current price of $26.72.Amount of Analyst CoverageTanger has only been the subject of 2 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted8.71% 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 11.8, which indicates bearish sentiment.Change versus previous monthShort interest in Tanger has recently increased by 14.89%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipTanger is a leading dividend payer. It pays a dividend yield of 4.00%, 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 119.54%. 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 52.53% next year. This indicates that Tanger will be able to sustain or increase its 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 1.7 News and Social Media Coverage News SentimentTanger has a news sentiment score of 0.04. 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 0.43 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Tanger this week, compared to 3 articles on an average week.Search InterestOnly 5 people have searched for SKT on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Tanger to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $3,513,156.00 in company stock.Percentage Held by InsidersOnly 3.70% of the stock of Tanger is held by insiders.Percentage Held by Institutions84.94% of the stock of Tanger is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Tanger are expected to grow by 2.06% in the coming year, from $1.94 to $1.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tanger is 30.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.93.Price to Earnings Ratio vs. SectorThe P/E ratio of Tanger is 30.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 51.16.Price to Earnings Growth RatioTanger has a PEG Ratio of 4.35. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTanger has a P/B Ratio of 5.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tanger Stock (NYSE:SKT)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 the newly opened Tanger Outlets Nashville. Tanger's operating centers, which comprise over 14 million square feet, are located in 20 states and in Canada and are leased to over 2,900 stores operated by more than 700 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 September 30, 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 HeadlinesDecember 3, 2023 | bizjournals.comTanger pays $194M to acquire Alabama shopping centerDecember 3, 2023 | finance.yahoo.comTanger (SKT) Acquires Bridge Street Town Centre in HuntsvilleDecember 6, 2023 | Edge On The Street (Ad)Energy Storage Trend Ignites Frenzy Over Vanadium SupplyAs the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.December 2, 2023 | americanbankingnews.comTanger Factory Outlet Centers, Inc. (NYSE:SKT) Insider Steven B. Tanger Sells 64,212 SharesDecember 1, 2023 | bizjournals.comTanger continues growth with acquisition of second shopping center in a monthNovember 30, 2023 | finance.yahoo.comTanger Acquires Open-Air Lifestyle Center in Growth Market of Huntsville, AlabamaNovember 30, 2023 | americanbankingnews.comTanger Factory Outlet Centers, Inc. (NYSE:SKT) Receives Consensus Recommendation of "Reduce" from AnalystsNovember 27, 2023 | americanbankingnews.comInsider Selling: Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Insider Sells $1,875,750.00 in StockDecember 6, 2023 | Edge On The Street (Ad)Energy Storage Trend Ignites Frenzy Over Vanadium SupplyAs the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.November 21, 2023 | finance.yahoo.comHoliday shopping: What you need to knowNovember 20, 2023 | seekingalpha.comAfter Fantastic Upside, Tanger Is No Longer On Sale (Rating Downgrade)November 14, 2023 | bizjournals.comTanger Outlets returns to NC mountains with $70 million purchase in AshevilleNovember 14, 2023 | finance.yahoo.comHoliday retail: Outlets could offer more flexible pricesNovember 13, 2023 | msn.comTanger Factory Outlet buys Asheville Outlets for $70M in cashNovember 10, 2023 | finance.yahoo.comM&A Is Heating Up in the Real Estate Sector -- Could These Stocks Be Next?November 9, 2023 | benzinga.comTanger Factory Outlet Stock (NYSE:SKT), Analyst Ratings, Price Targets, PredictionsNovember 9, 2023 | bizjournals.comTanger Outlets profit up 20% as it prepares for two major changesNovember 9, 2023 | msn.comCompass Point Downgrades Tanger Factory Outlet Centers (SKT)November 8, 2023 | finance.yahoo.comTanger Factory Outlet Centers, Inc. (NYSE:SKT) Q3 2023 Earnings Call TranscriptNovember 8, 2023 | markets.businessinsider.comWhat 5 Analyst Ratings Have To Say About Tanger Factory OutletNovember 7, 2023 | seekingalpha.comTanger Factory Outlet Centers, Inc. 2023 Q3 - Results - Earnings Call PresentationNovember 6, 2023 | msn.comTanger Factory Outlet boosts full-year earnings guidance after Q3 beatNovember 6, 2023 | finance.yahoo.comTanger Factory Outlet Centers Inc (SKT) Reports Strong Q3 2023 Results, Raises Full-Year GuidanceNovember 6, 2023 | finance.yahoo.comTanger Reports Third Quarter Results and Raises Full-Year 2023 GuidanceNovember 3, 2023 | benzinga.comA Preview Of Tanger Factory Outlet's EarningsNovember 3, 2023 | finance.yahoo.comShould You Buy Tanger Outlets (SKT) Ahead of Earnings?November 3, 2023 | finance.yahoo.com3 Real Estate Stocks to Buy on Fed's Interest Rate HoldSee 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 11/15 Dividend10/30/2023Dividend Payable11/15/2023Today12/06/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/20/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryRetail REITs SectorFinance Current SymbolNYSE:SKT CUSIP87546510 CIK899715 Webwww.tangeroutlet.com Phone(336) 292-3010Fax336-852-2096Employees341Year FoundedN/APrice Target and Rating Average Stock Price Target$24.00 High Stock Price Target$26.00 Low Stock Price Target$20.00 Potential Upside/Downside-10.2%Consensus RatingReduce Rating Score (0-4)1.83 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.87 Trailing P/E Ratio30.71 Forward P/E Ratio13.77 P/E Growth4.35Net Income$82.06 million Net Margins20.53% Pretax Margin19.94% Return on Equity18.25% Return on Assets4.23% Debt Debt-to-Equity Ratio2.78 Current Ratio2.04 Quick Ratio2.04 Sales & Book Value Annual Sales$442.61 million Price / Sales6.36 Cash Flow$1.95 per share Price / Cash Flow13.68 Book Value$4.93 per share Price / Book5.42Miscellaneous Outstanding Shares105,350,000Free Float101,455,000Market Cap$2.81 billion OptionableOptionable Beta1.81 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Steven B. Tanger (Age 74)Executive Chair of the Board Comp: $1.81MMr. Stephen J. Yalof (Age 60)President, CEO & Director Comp: $2.48MMr. Michael Jason Bilerman (Age 48)Executive VP, CFO & Chief Investment Officer Comp: $1.05MMs. Leslie A. Swanson Gallardo (Age 52)Executive VP & COO Comp: $910.21kMr. Thomas J. Guerrieri Jr. (Age 50)Senior VP & Chief Accounting Officer Comp: $471.93kMs. Jessica K. Norman (Age 41)Executive VP, General Counsel & Secretary Ms. Virginie Julie SchenaSenior Vice President of People & CultureBrian A. AugerSenior Vice President of LegalJoshua D. CoxSenior Vice President of TaxCraig WiseSenior Vice President of Digital StrategyMore ExecutivesKey CompetitorsMacerichNYSE:MACRetail Opportunity InvestmentsNASDAQ:ROICAcadia Realty TrustNYSE:AKRRPT RealtyNYSE:RPTSaul CentersNYSE:BFSView All CompetitorsInsiders & InstitutionsWellington Management Group LLPBought 909,622 shares on 12/1/2023Ownership: 3.753%American Century Companies Inc.Bought 14,417 shares on 11/30/2023Ownership: 0.034%Steven B TangerSold 64,212 sharesTotal: $1.64 M ($25.50/share)Deutsche Bank AGSold 21,468 shares on 11/24/2023Ownership: 0.069%Public Sector Pension Investment BoardSold 56,696 shares on 11/22/2023Ownership: 0.123%View All Insider TransactionsView All Institutional Transactions SKT Stock Analysis - Frequently Asked Questions Should I buy or sell Tanger stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tanger in the last twelve months. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" SKT shares. View SKT analyst ratings or view top-rated stocks. What is Tanger's stock price target for 2024? 6 brokers have issued 1-year target prices for Tanger's shares. Their SKT share price targets range from $20.00 to $26.00. On average, they anticipate the company's share price to reach $24.00 in the next year. This suggests that the stock has a possible downside of 10.2%. View analysts price targets for SKT or view top-rated stocks among Wall Street analysts. How have SKT shares performed in 2023? Tanger's stock was trading at $17.94 at the beginning of 2023. Since then, SKT stock has increased by 48.9% and is now trading at $26.72. View the best growth stocks for 2023 here. When is Tanger's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024. View our SKT earnings forecast. How were Tanger's earnings last quarter? Tanger Inc. (NYSE:SKT) issued its 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 earned $105.84 million during the quarter, compared to analysts' expectations of $104.45 million. Tanger had a trailing twelve-month return on equity of 18.25% and a net margin of 20.53%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. How often does Tanger pay dividends? What is the dividend yield for Tanger? Tanger announced a quarterly dividend on Friday, October 13th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.26 per share on Wednesday, November 15th. This represents a $1.04 annualized dividend and a yield of 3.89%. The ex-dividend date is Monday, October 30th. This is an increase from the stock's previous quarterly dividend of $0.25. Read our dividend analysis for SKT. Is Tanger a good dividend stock? Tanger (NYSE:SKT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 4.00%. 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 119.54%. 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 52.53% 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 Cambria Global Real Estate ETF (BLDG), Invesco Dorsey Wright Financial Momentum ETF (PFI), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Invesco S&P SmallCap Financials ETF (PSCF), Fidelity Real Estate Investment ETF (FPRO), iShares US Credit Bond ETF (CRED), JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE).SPDR S&P 600 Small Cap ETF (SLY). What guidance has Tanger issued on next quarter's earnings? Tanger updated its FY23 earnings guidance on Monday, November, 6th. The company provided EPS guidance of $1.91-1.95 for the period, compared to the consensus estimate of $1.92. 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 a number of retail and institutional investors. Top institutional investors include FMR LLC (4.10%), Wellington Management Group LLP (3.75%), LSV Asset Management (2.27%), Ameriprise Financial Inc. (1.83%), Charles Schwab Investment Management Inc. (1.78%) and Northern Trust Corp (1.41%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NYSE:SKT) was last updated on 12/6/2023 by MarketBeat.com Staff 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. 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. 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