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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SKT shares.
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2 analysts have issued twelve-month price targets for Tanger Factory Outlet Centers' stock. Their SKT share price forecasts range from $20.00 to $22.00. On average, they predict the company's stock price to reach $21.25 in the next year. This suggests a possible upside of 4.3% from the stock's current price.
View analysts price targets for SKT or view top-rated stocks among Wall Street analysts.

Tanger Factory Outlet Centers' stock was trading at $17.94 at the beginning of the year. Since then, SKT shares have increased by 13.5% and is now trading at $20.37.
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Tanger Factory Outlet Centers saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,480,000 shares, an increase of 19.4% from the April 30th total of 7,100,000 shares. Based on an average trading volume of 1,130,000 shares, the short-interest ratio is presently 7.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SKT earnings forecast.

Tanger Factory Outlet Centers will be holding an earnings conference call on Friday, August 4th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13739144".

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) released its quarterly earnings data on Monday, August, 8th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by $0.23. The real estate investment trust had revenue of $105.84 million for the quarter, compared to analysts' expectations of $104.45 million. Tanger Factory Outlet Centers had a net margin of 19.12% and a trailing twelve-month return on equity of 16.52%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share.

Tanger Factory Outlet Centers declared a quarterly dividend on Tuesday, April 11th. Stockholders of record on Friday, April 28th will be given a dividend of $0.245 per share on Monday, May 15th. This represents a $0.98 annualized dividend and a yield of 4.81%. The ex-dividend date is Thursday, April 27th. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for SKT.

ETFs with the largest weight of Tanger Factory Outlet Centers (NYSE:SKT) stock in their portfolio include Cambria Global Real Estate ETF (BLDG), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Multi-Asset Diversified Income Index Fund (MDIV), First Trust Small Cap Growth AlphaDEX Fund (FYC), Invesco DWA SmallCap Momentum ETF (DWAS),

Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.98 per share and currently has a dividend yield of 4.85%. 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 124.05%. 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 52.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKT.

Tanger Factory Outlet Centers issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $1.82-$1.90 for the period. The company issued revenue guidance of -.

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.

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).

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

Tanger Factory Outlet Centers' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.58%), State Street Corp (6.14%), Ameriprise Financial Inc. (2.61%), LSV Asset Management (2.40%), JPMorgan Chase & Co. (2.21%) and FMR LLC (2.14%). Insiders that own company stock include Carrie A Warren, Chad Perry, Steven B Tanger, Thomas Joseph Guerrieri Jr and Thomas Reddin.
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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.
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One share of SKT stock can currently be purchased for approximately $20.37.

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $2.14 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 $0.79 on an earnings per share basis.

The company employs 310 workers across the globe.

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.