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

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our SKT earnings forecast.

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".

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.

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.

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).

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.

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 -.

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 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.
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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 $22.55.

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.

The company employs 341 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.