Tanger Factory Outlet Centers Company Profile (NYSE:SKT)

About Tanger Factory Outlet Centers

Tanger Factory Outlet Centers logoTanger Factory Outlet Centers, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on developing, acquiring, owning, operating and managing outlet shopping centers in the United States and Canada. The Company's consolidated portfolio consists of approximately 34 outlet centers, with a total gross leasable area of approximately 11.7 million square feet. The Company also has partial ownership interests in approximately nine outlet centers totaling approximately 2.7 million square feet, including four outlet centers in Canada. Its centers and other assets are held by, and all of the Company's operations are conducted by, Tanger Properties Limited Partnership (Operating Partnership) and subsidiaries. The Company's consolidated outlet centers range in size from 82,161 to 749,074 square feet and are located at least 10 miles from department stores and manufacturer-owned, full-price retail stores.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Retail
  • Sub-Industry: Retail REITs
  • Exchange: NYSE
  • Symbol: SKT
  • CUSIP: 87546510
Key Metrics:
  • Previous Close: $40.76
  • 50 Day Moving Average: $40.91
  • 200 Day Moving Average: $36.94
  • Trailing P/E Ratio: 15.57
  • Foreward P/E Ratio: 16.17
  • P/E Growth: 3.08
  • Market Cap: $3.88B
  • Outstanding Shares: 95,124,000
  • Beta: 0.44
Additional Links:
Companies Related to Tanger Factory Outlet Centers:

Analyst Ratings

Consensus Ratings for Tanger Factory Outlet Centers (NYSE:SKT) (?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $39.86 (2.22% downside)

Analysts' Ratings History for Tanger Factory Outlet Centers (NYSE:SKT)
Show:
DateFirmActionRatingPrice TargetDetails
8/25/2016Hilliard LyonsUpgradeNeutral -> BuyView Rating Details
8/8/2016Citigroup Inc.Boost Price TargetNeutral$37.00 -> $39.00View Rating Details
8/1/2016RBC Capital MarketsReiterated RatingOutperform$44.00 -> $48.00View Rating Details
8/1/2016Royal Bank Of CanadaBoost Price TargetOutperform$44.00 -> $48.00View Rating Details
4/23/2016Goldman Sachs Group Inc.Reiterated RatingBuyView Rating Details
3/21/2016Evercore ISIBoost Price TargetHold$35.00 -> $36.00View Rating Details
1/27/2016Boenning ScattergoodInitiated CoverageUnderperformView Rating Details
10/6/2015Bank of America Corp.UpgradeUnderperform -> Neutral$35.00 -> $38.00View Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetHold$36.00 -> $35.00View Rating Details
7/21/2015Jefferies GroupLower Price TargetHold$38.00 -> $36.00View Rating Details
12/18/2014Stifel NicolausDowngradeBuy -> HoldView Rating Details
12/9/2014JPMorgan Chase & Co.Boost Price TargetNeutral$36.00 -> $39.00View Rating Details
(Data available from 8/30/2014 forward)

Earnings

Earnings History for Tanger Factory Outlet Centers (NYSE:SKT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2016        
7/26/2016Q216$0.56$0.59$107.85 million$111.30 millionViewN/AView Earnings Details
4/26/2016Q116$0.56$0.55$112.46 million$110.80 millionViewN/AView Earnings Details
2/9/2016Q415$0.57$0.58$111.11 million$112.80 millionViewN/AView Earnings Details
10/27/2015Q315$0.57$0.59$107.75 million$112.90 millionViewListenView Earnings Details
8/4/2015Q215$0.51$0.54$101.75 million$107.70 millionViewN/AView Earnings Details
4/28/2015Q115$0.50$0.50$103.90 million$105.90 millionViewN/AView Earnings Details
2/10/2015Q414$0.42$0.53$108.71 million$108.40 millionViewN/AView Earnings Details
10/28/2014Q314$0.51$0.52$101.95 million$105.29 millionViewN/AView Earnings Details
8/5/2014Q214$0.47$0.47$98.48 million$102.30 millionViewN/AView Earnings Details
4/29/2014Q114$0.47$0.45$99.03 million$102.84 millionViewN/AView Earnings Details
2/11/2014Q413$0.51$0.53$101.62 million$107.40 millionViewN/AView Earnings Details
10/29/2013Q313$0.46$0.49$89.98 million$97.90 millionViewN/AView Earnings Details
7/30/2013Q213$0.43$0.44$89.26 million$91.00 millionViewN/AView Earnings Details
4/30/2013Q113$0.41$0.42$88.08 million$88.70 millionViewN/AView Earnings Details
2/12/2013Q412$0.45$0.46$93.65 million$94.90 millionViewN/AView Earnings Details
10/30/2012Q312$0.42$0.42$88.73 millionViewN/AView Earnings Details
7/31/2012$0.39$0.39ViewN/AView Earnings Details
2/14/2012$0.41$0.42ViewN/AView Earnings Details
10/25/2011$0.37$0.39ViewN/AView Earnings Details
8/2/2011$0.33$0.33ViewN/AView Earnings Details
4/26/2011$0.33$0.33ViewN/AView Earnings Details
2/22/2011$0.33$0.35ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Tanger Factory Outlet Centers (NYSE:SKT)
Current Year EPS Consensus Estimate: $2.35 EPS
Next Year EPS Consensus Estimate: $2.52 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.53$0.56$0.55
Q2 20163$0.53$0.56$0.55
Q3 20163$0.59$0.60$0.60
Q4 20164$0.61$0.62$0.62
Q1 20171$0.59$0.59$0.59
Q2 20171$0.62$0.62$0.62
Q3 20171$0.62$0.62$0.62
Q4 20171$0.65$0.65$0.65
Q1 20181$0.62$0.62$0.62
Q2 20181$0.66$0.66$0.66
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Tanger Factory Outlet Centers (NYSE:SKT)
Annual Dividend:$1.30
Dividend Yield:3.19%
Payout Ratio:49.43% (Based on Trailing 12 Months of Earnings)
55.32% (Based on Current Year Consensus EPS Estimate)
51.59% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:9.70% (3 Year Average)

Dividend History for Tanger Factory Outlet Centers (NYSE:SKT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/8/2016Quarterly$0.337/27/20167/29/20168/15/2016
4/8/2016Quarterly$0.334/27/20164/29/20165/13/2016
1/7/2016Quarterly$0.291/27/20161/29/20162/15/2016
12/10/2015$0.2112/22/201512/31/20151/15/2016
10/9/2015Quarterly$0.2910/28/201510/30/201511/13/2015
7/10/2015quarterly$0.293.45%7/28/20157/30/20158/14/2015
4/2/2015quarterly$0.293.18%4/28/20154/30/20155/15/2015
1/9/2015quarterly$0.242.47%1/28/20151/30/20152/13/2015
10/9/2014quarterly$0.242.85%10/28/201410/30/201411/14/2014
7/10/2014quarterly$0.242.74%7/28/20147/30/20148/15/2014
4/11/2014quarterly$0.242.75%4/28/20144/30/20145/15/2014
1/9/2014quarterly$0.232.74%1/28/20141/30/20142/14/2014
10/10/2013quarterly$0.232.66%10/28/201310/30/201311/15/2013
7/11/2013quarterly$0.232.58%7/26/20137/30/20138/15/2013
4/4/2013quarterly$0.232.43%4/26/20134/30/20135/15/2013
1/3/2013quarterly$0.212.45%1/28/20131/30/20132/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Tanger Factory Outlet Centers (NYSE:SKT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/18/2016Carrie A GeldnerSVPSell1,500$40.47$60,705.00View SEC Filing  
8/4/2016William G BentonDirectorSell1,500$40.58$60,870.00View SEC Filing  
5/10/2016Chad PerryEVPSell1,000$36.53$36,530.00View SEC Filing  
5/6/2016Carrie A GeldnerCMOSell1,500$35.71$53,565.00View SEC Filing  
5/6/2016Virginia R SummerellVPSell4,216$36.10$152,197.60View SEC Filing  
5/4/2016Steven B TangerCEOSell85,000$35.79$3,042,150.00View SEC Filing  
5/3/2016Lisa J MorrisonVPSell5,700$35.53$202,521.00View SEC Filing  
5/2/2016Manuel O JessupVPSell1,000$35.50$35,500.00View SEC Filing  
5/2/2016Steven B TangerCEOSell20,000$35.56$711,200.00View SEC Filing  
4/1/2016James Floyd WilliamsCAOSell5,392$36.32$195,837.44View SEC Filing  
4/1/2016Thomas E McdonoughCOOSell11,546$36.14$417,272.44View SEC Filing  
3/3/2016Thomas E McdonoughCOOSell10,669$33.65$359,011.85View SEC Filing  
3/1/2016James Floyd WilliamsCAOSell4,829$32.64$157,618.56View SEC Filing  
2/19/2016Carrie A GeldnerCMOSell2,800$31.77$88,956.00View SEC Filing  
2/17/2016Thomas E McdonoughCOOSell6,690$31.27$209,196.30View SEC Filing  
12/21/2015Chad PerryEVPSell650$33.08$21,502.00View SEC Filing  
11/5/2015Frank C. Marchisello, Jr.CFOSell25,000$35.11$877,750.00View SEC Filing  
11/5/2015James Floyd WilliamsCAOSell6,000$35.15$210,900.00View SEC Filing  
11/4/2015Carrie A GeldnerCMOSell1,300$35.24$45,812.00View SEC Filing  
11/2/2015Virginia R SummerellVPSell4,216$35.33$148,951.28View SEC Filing  
10/30/2015Lisa J MorrisonVPSell7,200$35.02$252,144.00View SEC Filing  
10/9/2015Thomas E McdonoughCOOSell4,000$34.50$138,000.00View SEC Filing  
8/19/2015Carrie A GeldnerCMOSell1,200$33.47$40,164.00View SEC Filing  
7/2/2015Thomas E McdonoughCOOSell10,000$32.30$323,000.00View SEC Filing  
5/28/2015James Floyd WilliamsCAOSell1,000$34.03$34,030.00View SEC Filing  
5/28/2015Steven B TangerCEOSell60,000$33.98$2,038,800.00View SEC Filing  
5/28/2015Thomas E McdonoughCOOSell9,974$34.02$339,315.48View SEC Filing  
5/8/2015Carrie A GeldnerCMOSell4,400$34.35$151,140.00View SEC Filing  
5/8/2015James Floyd WilliamsCAOSell2,000$34.40$68,800.00View SEC Filing  
5/4/2015Chad PerryEVPSell3,674$34.17$125,540.58View SEC Filing  
5/4/2015Jeffrey B CitrinDirectorBuy1,000$33.95$33,950.00View SEC Filing  
4/2/2015Thomas E McdonoughCOOSell10,000$35.29$352,900.00View SEC Filing  
4/1/2015Frank C Marchisello JrCFOSell25,332$35.19$891,433.08View SEC Filing  
3/2/2015Frank C Marchisello JrCFOSell56,273$35.34$1,988,687.82View SEC Filing  
2/18/2015Virginia R SummerellVPSell16,026$36.81$589,917.06View SEC Filing  
2/2/2015Frank C Marchisello JrCFOSell25,333$38.89$985,200.37View SEC Filing  
1/2/2015Frank C Marchisello JrCFOSell25,333$37.25$943,654.25View SEC Filing  
8/29/2014James Floyd WilliamsCAOSell1,000$34.80$34,800.00View SEC Filing  
5/30/2014Charles Allen WorshamSVPSell1,400$35.60$49,840.00View SEC Filing  
5/27/2014Thomas E McdonoughCOOSell1,000$35.61$35,610.00View SEC Filing  
5/23/2014Carrie A GeldnerCMOSell2,500$35.40$88,500.00View SEC Filing  
5/6/2014Chad PerryEVPSell1,250$35.51$44,387.50View SEC Filing  
5/5/2014James Floyd WilliamsCAOSell3,500$35.65$124,775.00View SEC Filing  
5/5/2014Virginia SummerellVPSell6,000$35.69$214,140.00View SEC Filing  
2/28/2014Frank Marchisello, Jr.CFOSell26,620$34.11$908,008.20View SEC Filing  
11/26/2013Carrie GeldnerCMOSell2,000$33.27$66,540.00View SEC Filing  
6/6/2013Steven B TangerCEOSell7,427$37.40$277,769.80View SEC Filing  
2/15/2013Steven B TangerCEOSell6,550$35.41$231,935.50View SEC Filing  
11/27/2012Thomas E RobinsonDirectorSell4,000$32.33$129,320.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Tanger Factory Outlet Centers (NYSE:SKT)
DateHeadline
streetinsider.com logoUBS Remains Sidelined on Tanger Factory Outlet Centers (SKT) - PT to $39 (NYSE:SKT)
www.streetinsider.com - August 27 at 6:34 PM
finance.yahoo.com logo/C O R R E C T I O N -- Tanger Outlets/ - Yahoo Finance (NYSE:SKT)
finance.yahoo.com - August 27 at 11:32 AM
streetinsider.com logoUBS Remains Sidelined on Tanger Factory Outlet Centers (SKT) - PT to $39 - StreetInsider.com (NYSE:SKT)
www.streetinsider.com - August 27 at 11:32 AM
bizjournals.com logoFurniture Row Racing driver gets 1st-time NASCAR sponsor (NYSE:SKT)
www.bizjournals.com - August 26 at 7:05 PM
publicnow.com logo/C O R R E C T I O N -- Tanger Outlets/ (NYSE:SKT)
www.publicnow.com - August 26 at 7:05 PM
prnewswire.com logoTanger Outlets to Make NASCAR Debut with Sponsorship on Truex Jr.'s Toyota at Richmond - PR Newswire (press release) (NYSE:SKT)
www.prnewswire.com - August 25 at 7:39 PM
publicnow.com logoTanger Outlets to Make NASCAR Debut with Sponsorship on Truex Jr.'s Toyota at Richmond (NYSE:SKT)
www.publicnow.com - August 25 at 7:39 PM
News IconSVP, Chief Marketing Officer of Tanger Factory Outlet Centers (NYSE:SKT), Geldner Carrie A, sells 1,500 shares worth $60,707 (NYSE:SKT)
empowerednews.net - August 23 at 7:34 PM
News IconSell-side & Crowd View on Tanger Factory Outlet Centers, Inc. (NYSE:SKT) - Post News (NYSE:SKT)
www.kentuckypostnews.com - August 23 at 11:59 AM
News IconWhich way Tanger Factory Outlet Centers Inc. (NYSE:SKT) earnings may go - The Voice Registrar (NYSE:SKT)
voiceregistrar.com - August 22 at 12:00 PM
News IconTanger acquires sole ownership of Pooler center (NYSE:SKT)
www.blufftontoday.com - August 21 at 6:33 PM
News IconShare Valuation Review for Tanger Factory Outlet Centers Inc. (NYSE:SKT) - Post News (NYSE:SKT)
www.kentuckypostnews.com - August 20 at 11:24 AM
bizjournals.com logoTanger takes full ownership of Georgia outlet center (NYSE:SKT)
www.bizjournals.com - August 18 at 7:43 PM
capitalcube.com logoETF’s with exposure to Tanger Factory Outlet Centers, Inc. : August 18, 2016 (NYSE:SKT)
www.capitalcube.com - August 18 at 7:43 PM
capitalcube.com logoTanger Factory Outlet Centers, Inc. breached its 50 day moving average in a Bearish Manner : SKT-US : August 17, 2016 (NYSE:SKT)
www.capitalcube.com - August 17 at 10:26 AM
uk.finance.yahoo.com logoSpark New Zealand opposes Sky Network-Vodafone tie-up (NYSE:SKT)
uk.finance.yahoo.com - August 15 at 7:49 PM
publicnow.com logoTanger Acquires 100% Ownership of Tanger Outlets Located in the Greater Savannah, Georgia Market (NYSE:SKT)
www.publicnow.com - August 15 at 9:37 AM
twst.com logoTanger Factory Outlet Centers Inc.: Tanger Closes on $250 Million 3.125% Senior Notes Due 2026 - The Wall Street Transcript (NYSE:SKT)
www.twst.com - August 9 at 7:45 PM
finance.yahoo.com logoTanger Closes on $250 Million 3.125% Senior Notes Due 2026 (NYSE:SKT)
finance.yahoo.com - August 8 at 7:42 PM
twst.com logoTanger Factory Outlet Centers Inc.: Tanger Closes on $250 Million 3.125% Senior Notes Due 2026 (NYSE:SKT)
www.twst.com - August 8 at 7:42 PM
finance.yahoo.com logoTANGER FACTORY OUTLET CENTERS INC Financials (NYSE:SKT)
finance.yahoo.com - August 5 at 7:40 PM
biz.yahoo.com logoTANGER FACTORY OUTLET CENTERS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statement (NYSE:SKT)
biz.yahoo.com - August 2 at 7:50 PM
thestreet.com logoCramer: Why Real Estate Isn't an Easy Short at All (NYSE:SKT)
realmoney.thestreet.com - August 2 at 7:50 PM
twst.com logoTanger Factory Outlet Centers Inc.: Tanger Prices $250 Million 3.125% Senior Notes Due 2026 (NYSE:SKT)
www.twst.com - August 2 at 12:23 PM
thestreet.com logoTrade-Ideas: Tanger Factory Outlet Centers (SKT) Is Today's New Lifetime High Stock - TheStreet.com (NYSE:SKT)
www.thestreet.com - August 1 at 7:10 PM
publicnow.com logoTanger Prices $250 Million 3.125% Senior Notes Due 2026 (NYSE:SKT)
www.publicnow.com - August 1 at 7:10 PM
finance.yahoo.com logo9:15 am Tanger Factory commences a public offering of senior notes due 2026 (NYSE:SKT)
finance.yahoo.com - August 1 at 12:03 PM
biz.yahoo.com logoTANGER FACTORY OUTLET CENTERS INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:SKT)
biz.yahoo.com - August 1 at 12:03 PM
publicnow.com logoTanger Announces Public Offering of Senior Notes Due 2026 (NYSE:SKT)
www.publicnow.com - August 1 at 12:03 PM
investornewswire.com logoRatings Watch: Tanger Factory Outlet Centers, Inc. (NYSE:SKT) - Investor Newswire (NYSE:SKT)
www.investornewswire.com - July 31 at 6:47 PM
equities.com logoTanger Factory Outlet Centers Inc. (SKT) is Trading Higher on Unusual Volume for July 28 (NYSE:SKT)
www.equities.com - July 30 at 6:41 PM
equities.com logoTanger Factory Outlet Centers Inc. (SKT) is Trading Higher on Unusual Volume for July 28 - Equities.com (NYSE:SKT)
www.equities.com - July 30 at 10:12 AM
News IconTanger Outlets Chief Executive Officer Steve Tanger Seems on CNBC's “Mad Money with Jim Cramer” (NYSE:SKT)
www.southcarolinasc.com - July 29 at 7:38 PM
publicnow.com logoTanger Outlets CEO Steve Tanger Appears on CNBC's "Mad Money with Jim Cramer" (NYSE:SKT)
www.publicnow.com - July 29 at 5:48 PM
biz.yahoo.com logoTANGER FACTORY OUTLET CENTERS INC Files SEC form 10-Q, Quarterly Report (NYSE:SKT)
biz.yahoo.com - July 29 at 5:28 PM
cnbc.com logoCramer Remix: Facebook isn't just technology anymore (NYSE:SKT)
www.cnbc.com - July 28 at 7:07 PM
seekingalpha.com logoTanger Factory Outlet Centers' (SKT) CEO Steven Tanger on Q2 2016 Results - Earnings Call Transcript (NYSE:SKT)
seekingalpha.com - July 27 at 7:51 PM
finance.yahoo.com logoEdited Transcript of SKT earnings conference call or presentation 27-Jul-16 2:00pm GMT (NYSE:SKT)
finance.yahoo.com - July 27 at 5:36 PM
finance.yahoo.com logoTanger Reports Second Quarter 2016 Results (NYSE:SKT)
finance.yahoo.com - July 27 at 10:32 AM
4-traders.com logoTanger Factory Outlet Centers : reports 2Q results (NYSE:SKT)
www.4-traders.com - July 27 at 10:32 AM
nasdaq.com logoTanger Factory Outlet Centers, Inc. (SKT) Ex-Dividend Date Scheduled for July 27, 2016 - Nasdaq (NYSE:SKT)
www.nasdaq.com - July 26 at 7:50 PM
sg.finance.yahoo.com logoTanger reports 2Q results (NYSE:SKT)
sg.finance.yahoo.com - July 26 at 5:53 PM
nasdaq.com logoTanger Factory Outlet Centers, Inc. (SKT) Ex-Dividend Date Scheduled (NYSE:SKT)
www.nasdaq.com - July 26 at 10:49 AM
biz.yahoo.com logoQ2 2016 Tanger Factory Outlet Centers Inc Earnings Release - After Market Close (NYSE:SKT)
biz.yahoo.com - July 26 at 7:07 AM
forbes.com logoEx-Dividend Reminder: Unum Group, Bank of Montreal and Tanger Factory Outlet Centers (NYSE:SKT)
www.forbes.com - July 25 at 7:35 PM
forbes.com logoEx-Dividend Reminder: Unum Group, Bank of Montreal and Tanger Factory Outlet Centers - Forbes (NYSE:SKT)
www.forbes.com - July 25 at 11:52 AM
News IconStock Up Nicely This Week: Tanger Factory Outlet Centers Inc. (NYSE:SKT) - TGP (NYSE:SKT)
telanaganapress.com - July 23 at 11:15 AM
News IconEquity Roundup: Stock Performance Focus on Tanger Factory Outlet Centers, Inc. (NYSE:SKT) - Press Telegraph (NYSE:SKT)
presstelegraph.com - July 22 at 7:15 PM
News IconStock Observed in Overbought Territory: Tanger Factory Outlet Centers Inc. (NYSE:SKT) - Press Telegraph (NYSE:SKT)
presstelegraph.com - July 22 at 7:15 PM
News IconFriday Session Wrap-up for Tanger Factory Outlet Centers Inc. (NYSE:SKT) - Engelwood Daily (NYSE:SKT)
www.engelwooddaily.com - July 22 at 7:15 PM

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Tanger Factory Outlet Centers (NYSE:SKT) Chart for Tuesday, August, 30, 2016


Last Updated on 8/30/2016 by MarketBeat.com Staff