NYSE:SKT Tanger Factory Outlet Centers (SKT) Stock Forecast, Price & News $22.55 +0.06 (+0.27%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$22.50▼$22.7450-Day Range$22.40▼$25.0152-Week Range$13.26▼$25.23Volume471,961 shsAverage Volume724,200 shsMarket Capitalization$2.37 billionP/E Ratio27.17Dividend Yield4.35%Price Target$23.80 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Tanger Factory Outlet Centers MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside5.5% Upside$23.80 Price TargetShort InterestBearish8.00% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.69Upright™ Environmental ScoreNews Sentiment1.25Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee 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.1.72 out of 5 starsFinance Sector751st out of 843 stocksReal Estate Investment Trusts Industry161st out of 182 stocks 2.0 Analyst's Opinion Consensus RatingTanger Factory Outlet Centers has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.80, Tanger Factory Outlet Centers has a forecasted upside of 5.5% from its current price of $22.55.Amount of Analyst CoverageTanger Factory Outlet Centers has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted8.00% of the outstanding shares of Tanger Factory Outlet Centers have been sold short.Short Interest Ratio / Days to CoverTanger Factory Outlet Centers has a short interest ratio ("days to cover") of 10.7, which indicates bearish sentiment.Change versus previous monthShort interest in Tanger Factory Outlet Centers has recently decreased by 1.52%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipTanger Factory Outlet Centers is a leading dividend payer. It pays a dividend yield of 4.35%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTanger Factory Outlet Centers has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Tanger Factory Outlet Centers is 118.07%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Tanger Factory Outlet Centers will have a dividend payout ratio of 51.85% next year. This indicates that Tanger Factory Outlet Centers will be able to sustain or increase its dividend. Previous Next 0.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTanger Factory Outlet Centers 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 Factory Outlet Centers is -3.69. Previous Next 2.9 News and Social Media Coverage News SentimentTanger Factory Outlet Centers has a news sentiment score of 1.25. 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 0.72 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Tanger Factory Outlet Centers this week, compared to 3 articles on an average week.MarketBeat Follows2 people have added Tanger Factory Outlet Centers to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tanger Factory Outlet Centers insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.20% of the stock of Tanger Factory Outlet Centers is held by insiders.Percentage Held by Institutions84.94% of the stock of Tanger Factory Outlet Centers is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Tanger Factory Outlet Centers are expected to remain at $1.89 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tanger Factory Outlet Centers is 27.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Tanger Factory Outlet Centers is 27.17, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 66.65.Price to Earnings Growth RatioTanger Factory Outlet Centers has a PEG Ratio of 5.71. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTanger Factory Outlet Centers has a P/B Ratio of 4.57. 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 Factory Outlet Centers (NYSE:SKT) StockTanger 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.Read More SKT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SKT Stock News HeadlinesSeptember 16, 2023 | americanbankingnews.comTanger Factory Outlet Centers, Inc. (NYSE:SKT) Given Average Rating of "Hold" by BrokeragesSeptember 16, 2023 | americanbankingnews.comTanger Factory Outlet Centers (NYSE:SKT) Share Price Passes Above 200-Day Moving Average of $21.08September 24, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.September 11, 2023 | thestreet.comTanger Factory Outlet Centers Stock To Go Ex-dividend Tomorrow (SKT)September 11, 2023 | finance.yahoo.comTanger Appoints Jessica K. Norman as EVP and General CounselAugust 24, 2023 | msn.comCitigroup Maintains Tanger Factory Outlet Centers (SKT) Neutral RecommendationAugust 22, 2023 | markets.businessinsider.comWhere Tanger Factory Outlet Stands With AnalystsAugust 22, 2023 | finance.yahoo.comTanger Schedules Third Quarter 2023 Earnings Release and Conference CallSeptember 24, 2023 | Legacy Research (Ad)WARNING: Mandatory U.S. Dollar Recall is Weeks AwayIf you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.August 20, 2023 | finance.yahoo.comThis Stock Is Up 32%, But You Can Still Expect More GainsAugust 19, 2023 | finance.yahoo.comThese Red-Hot Dividend Stocks Still Look Like Great BuysAugust 16, 2023 | investing.comTanger Factory Outlet Centers upside is limited - Goldman SachsAugust 16, 2023 | msn.comGoldman Sachs Downgrades Tanger Factory Outlet Centers (SKT)August 16, 2023 | msn.comTanger Factory Outlet, Kimco downgraded to Neutral at Goldman after Q2 earningsAugust 15, 2023 | finance.yahoo.comConsumers turning to outlet malls for back-to-school shopping savingsAugust 15, 2023 | finance.yahoo.comTanger CEO: Luxury brands provide 'great value' to consumerAugust 13, 2023 | finance.yahoo.comHere's How Tanger Factory Outlet Centers Can Afford Its 3.9% Dividend YieldAugust 6, 2023 | finance.yahoo.comThis High-Yield Dividend Stock Just Crushed EarningsAugust 5, 2023 | finanznachrichten.deTanger Factory Outlet Centers, Inc.: Tanger Reports Second Quarter Results and Raises Full-Year 2023 GuidanceAugust 4, 2023 | bizjournals.comTanger Factory Outlets reports strong second quarter resultsAugust 4, 2023 | seekingalpha.comTanger Factory Outlet Centers, Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 3, 2023 | finance.yahoo.comSimon Property (SPG) Q2 FFO Miss EstimatesJuly 19, 2023 | finance.yahoo.comHere's How Tanger Can Afford Its 4.3% Dividend YieldJuly 19, 2023 | seekingalpha.comTanger Factory Outlet: A Strong Comeback Sets Pace For Future GrowthJuly 19, 2023 | msn.comTanger Factory Outlet: Flush With Cash, 4.2% Dividend Yield, A Buy?July 19, 2023 | seekingalpha.comTanger Factory Outlet Is OverpricedJuly 17, 2023 | bizjournals.comTanger Outlets takes a digital-first approach to customer engagementSee More Headlines Receive SKT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tanger Factory Outlet Centers and its competitors with MarketBeat's FREE daily newsletter. Email Address SKT Company Calendar Last Earnings8/08/2022Ex-Dividend for 8/15 Dividend7/28/2023Dividend Payable8/15/2023Today9/24/2023Next Earnings (Confirmed)11/06/2023Fiscal Year End12/31/2023Get 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 Forecast$23.80 High Stock Price Forecast$26.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+5.5%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$0.83 Trailing P/E Ratio27.17 Forward P/E Ratio11.93 P/E Growth5.71Net Income$82.06 million Net Margins19.87% Pretax Margin19.27% Return on Equity17.41% Return on Assets4.06% Debt Debt-to-Equity Ratio2.81 Current Ratio2.49 Quick Ratio2.49 Sales & Book Value Annual Sales$442.61 million Price / Sales5.36 Cash Flow$1.90 per share Price / Cash Flow11.87 Book Value$4.93 per share Price / Book4.57Miscellaneous Outstanding Shares105,180,000Free Float102,866,000Market Cap$2.37 billion OptionableOptionable Beta1.82 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Steven B. Tanger (Age 74)Exec. Chair of the Board Comp: $1.81MMr. Stephen J. Yalof (Age 60)Pres, CEO & Director Comp: $2.48MMr. Michael Jason Bilerman (Age 48)Exec. VP, CFO & Chief Investment Officer Comp: $1.05MMs. Leslie A. Swanson Gallardo (Age 52)Exec. VP & COO Comp: $910.21kMr. Thomas J. Guerrieri Jr. (Age 50)Sr. VP & Chief Accounting Officer Comp: $471.93kMs. Jessica K. Norman (Age 41)Exec. VP, Gen. Counsel & Sec. Ms. Virginie Julie SchenaSr. VP of People & CultureBrian A. AugerSr. VP of LegalJoshua D. CoxSr. VP of TaxCraig WiseSr. VP of Digital StrategyMore ExecutivesKey CompetitorsRetail Opportunity InvestmentsNASDAQ:ROICAcadia Realty TrustNYSE:AKRAlexander'sNYSE:ALXRPT RealtyNYSE:RPTSaul CentersNYSE:BFSView All CompetitorsInsiders & InstitutionsWolverine Trading LLCBought 36,200 shares on 8/23/2023Ownership: 0.000%Virginia Retirement Systems ET ALBought 198,400 shares on 8/22/2023Ownership: 0.189%Osaic Holdings Inc.Sold 447 shares on 8/21/2023Ownership: 0.046%Teachers Retirement System of The State of KentuckyBought 1,833 shares on 8/21/2023Ownership: 0.032%BOKF NASold 1,324 shares on 8/21/2023Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions SKT Stock - Frequently Asked Questions Should I buy or sell Tanger Factory Outlet Centers stock right now? 5 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 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 brokerages have issued 12-month price targets for Tanger Factory Outlet Centers' shares. Their SKT share price forecasts range from $20.00 to $26.00. On average, they predict the company's share price to reach $23.80 in the next year. 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 stock has 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) announced its quarterly earnings data 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 earned $105.84 million during the quarter, compared to analyst estimates 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 company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. How often does Tanger Factory Outlet Centers pay dividends? What is the dividend yield for Tanger Factory Outlet Centers? Tanger Factory Outlet Centers declared 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 of this dividend is Friday, July 28th. Read our dividend analysis for SKT. What ETFs hold Tanger Factory Outlet Centers' stock? ETFs with the largest weight of Tanger Factory Outlet Centers (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). 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 4.35%. 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 updated 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 EPS 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 9/24/2023 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. 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