NYSE:SKTTanger Factory Outlet Centers Stock Price, Forecast & News

Tanger Factory Outlet Centers' stock was trading at $9.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SKT stock has decreased by 45.7% and is now trading at $5.25. View which stocks have been mosted impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 3 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) announced its earnings results on Monday, January, 27th. The real estate investment trust reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.56 by $0.69. The real estate investment trust had revenue of $120.50 million for the quarter, compared to the consensus estimate of $117.25 million. Tanger Factory Outlet Centers had a return on equity of 17.71% and a net margin of 18.28%. The business's quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. View Tanger Factory Outlet Centers' earnings history.

Tanger Factory Outlet Centers announced a quarterly dividend on Tuesday, January 28th. Investors of record on Thursday, April 30th will be given a dividend of $0.3575 per share on Friday, May 15th. This represents a $1.43 dividend on an annualized basis and a yield of 27.24%. The ex-dividend date is Wednesday, April 29th. This is a positive change from Tanger Factory Outlet Centers's previous quarterly dividend of $0.36. View Tanger Factory Outlet Centers' dividend history.

Tanger Factory Outlet Centers updated its FY20 earnings guidance on Monday, January, 27th. The company provided earnings per share guidance of $1.96-2.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.16.

4 Wall Street analysts have issued 12 month price objectives for Tanger Factory Outlet Centers' stock. Their forecasts range from $3.00 to $16.00. On average, they anticipate Tanger Factory Outlet Centers' stock price to reach $9.88 in the next twelve months. This suggests a possible upside of 88.1% from the stock's current price. View analysts' price targets for Tanger Factory Outlet Centers.

Press coverage about SKT stock has been trending very negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Tanger Factory Outlet Centers earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutTanger Factory Outlet Centers.

Tanger Factory Outlet Centers saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 44,724,000 shares, a decrease of 5.7% from the February 27th total of 47,440,000 shares. Based on an average daily volume of 5,230,000 shares, the days-to-cover ratio is presently 8.6 days. Currently, 49.3% of the shares of the stock are sold short. View Tanger Factory Outlet Centers' Current Options Chain.

Some companies that are related to Tanger Factory Outlet Centers include Simon Property Group (SPG), Realty Income (O), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Taubman Centers (TCO), Agree Realty (ADC), Weingarten Realty Investors (WRI), Alexander's (ALX), Retail Properties of America (RPAI), Acadia Realty Trust (AKR), Retail Opportunity Investments (ROIC), Getty Realty (GTY) and Macerich (MAC).

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), AbbVie (ABBV), ANNALY CAP MGMT/SH (NLY), Exxon Mobil (XOM), Simon Property Group (SPG), Cisco Systems (CSCO) and Iron Mountain (IRM).

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 institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.12%). Company insiders that own Tanger Factory Outlet Centers stock include Carrie A Warren, Chad Perry, Charles Allen Worsham, Lisa J Morrison, Steven B Tanger, Stewart Martin, Thomas Joseph Guerrieri Jr, Thomas Reddin and Virginia R Summerell. View institutional ownership trends for Tanger Factory Outlet Centers.

SKT stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Tanger Factory Outlet Centers stock in the last two years include Steven B Tanger, and Thomas Reddin. View insider buying and selling activity for Tanger Factory Outlet Centers.

Shares of SKT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SKT stock can currently be purchased for approximately $5.25.

Tanger Factory Outlet Centers has a market capitalization of $487.68 million and generates $478.35 million in revenue each year. The real estate investment trust earns $87.86 million in net income (profit) each year or $2.27 on an earnings per share basis. Tanger Factory Outlet Centers employs 285 workers across the globe. View additional information about Tanger Factory Outlet Centers.

The official website for Tanger Factory Outlet Centers is http://www.tangeroutlet.com/.

Tanger Factory Outlet Centers' mailing address is 3200 NORTHLINE AVENUE SUITE 360, GREENSBORO NC, 27408. The real estate investment trust can be reached via phone at 336-292-3010 or via email at [email protected]