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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
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Countries Are Investing Heavily Into Securing Energy Independence (Ad)
SoFi expands ETF business with options-driven income fund
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What analysts wanted out of Chewy stock is finally here
The truth about DocuSign's relevancy in today's world: Surprise
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
SoFi expands ETF business with options-driven income fund
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What analysts wanted out of Chewy stock is finally here
The truth about DocuSign's relevancy in today's world: Surprise
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
SoFi expands ETF business with options-driven income fund
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company

Tanger Stock Price, News & Analysis (NYSE:SKT)

$26.72
-0.15 (-0.56%)
(As of 12/5/2023 ET)
Compare
Today's Range
$26.63
$26.92
50-Day Range
$21.50
$26.87
52-Week Range
$17.22
$26.92
Volume
682,153 shs
Average Volume
887,295 shs
Market Capitalization
$2.81 billion
P/E Ratio
30.71
Dividend Yield
3.89%
Price Target
$24.00

Tanger MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.83 Rating Score
Upside/​Downside
10.2% Downside
$24.00 Price Target
Short Interest
Bearish
8.71% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.69
Upright™ Environmental Score
News Sentiment
0.04mentions of Tanger in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$3.51 M Sold Last Quarter
Proj. Earnings Growth
2.06%
From $1.94 to $1.98 Per Share

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 stars

Finance Sector

734th out of 772 stocks

Real Estate Investment Trusts Industry

153rd out of 165 stocks


SKT stock logo

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.

SKT Stock Price History

SKT Stock News Headlines

Tanger pays $194M to acquire Alabama shopping center
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As 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.
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As 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.
Holiday shopping: What you need to know
Holiday retail: Outlets could offer more flexible prices
What 5 Analyst Ratings Have To Say About Tanger Factory Outlet
A Preview Of Tanger Factory Outlet's Earnings
Should You Buy Tanger Outlets (SKT) Ahead of Earnings?
3 Real Estate Stocks to Buy on Fed's Interest Rate Hold
See More Headlines
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Company Calendar

Last Earnings
8/08/2022
Ex-Dividend for 11/15 Dividend
10/30/2023
Dividend Payable
11/15/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/20/2024

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 Target
$24.00
High Stock Price Target
$26.00
Low Stock Price Target
$20.00
Potential Upside/Downside
-10.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$82.06 million
Pretax Margin
19.94%

Debt

Sales & Book Value

Annual Sales
$442.61 million
Cash Flow
$1.95 per share
Book Value
$4.93 per share

Miscellaneous

Free Float
101,455,000
Market Cap
$2.81 billion
Optionable
Optionable
Beta
1.81
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Key Executives

  • Mr. Steven B. Tanger (Age 74)
    Executive Chair of the Board
    Comp: $1.81M
  • Mr. Stephen J. Yalof (Age 60)
    President, CEO & Director
    Comp: $2.48M
  • Mr. Michael Jason Bilerman (Age 48)
    Executive VP, CFO & Chief Investment Officer
    Comp: $1.05M
  • Ms. Leslie A. Swanson Gallardo (Age 52)
    Executive VP & COO
    Comp: $910.21k
  • Mr. Thomas J. Guerrieri Jr. (Age 50)
    Senior VP & Chief Accounting Officer
    Comp: $471.93k
  • Ms. Jessica K. Norman (Age 41)
    Executive VP, General Counsel & Secretary
  • Ms. Virginie Julie Schena
    Senior Vice President of People & Culture
  • Brian A. Auger
    Senior Vice President of Legal
  • Joshua D. Cox
    Senior Vice President of Tax
  • Craig Wise
    Senior Vice President of Digital Strategy














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 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

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