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NYSE:SKT - Tanger Factory Outlet Centers Stock Price, Forecast & News

$15.65
+0.27 (+1.76 %)
(As of 12/9/2019 06:00 AM ET)
Today's Range
$15.45
Now: $15.65
$15.70
50-Day Range
$15.17
MA: $16.14
$17.62
52-Week Range
$13.61
Now: $15.65
$24.65
Volume3.10 million shs
Average Volume2.03 million shs
Market Capitalization$1.45 billion
P/E Ratio6.31
Dividend Yield9.23%
Beta0.64
Tanger Factory Outlet Centers, Inc (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 40 upscale outlet shopping centers. Tanger's operating properties are located in 20 states coast to coast and in Canada, totaling approximately 14.4 million square feet leased to over 2,900 stores operated by more than 500 different brand name companies. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP87546510
Phone336-292-3010

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$494.68 million
Cash Flow$1.95 per share
Book Value$5.38 per share

Profitability

Net Income$43.65 million

Miscellaneous

Employees285
Market Cap$1.45 billion
Next Earnings Date2/12/2020 (Estimated)
OptionableOptionable

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Tanger Factory Outlet Centers (NYSE:SKT) Frequently Asked Questions

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."

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 Thursday, October 10th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.355 per share on Friday, November 15th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 9.07%. The ex-dividend date of this dividend is Wednesday, October 30th. View Tanger Factory Outlet Centers' Dividend History.

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers Inc. (NYSE:SKT) issued its quarterly earnings data on Wednesday, October, 30th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.56 by $0.31. The real estate investment trust had revenue of $118.99 million for the quarter, compared to the consensus estimate of $117.49 million. Tanger Factory Outlet Centers had a return on equity of 23.49% and a net margin of 24.51%. The business's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. View Tanger Factory Outlet Centers' Earnings History.

When is Tanger Factory Outlet Centers' next earnings date?

Tanger Factory Outlet Centers is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Tanger Factory Outlet Centers.

What guidance has Tanger Factory Outlet Centers issued on next quarter's earnings?

Tanger Factory Outlet Centers issued an update on its FY19 earnings guidance on Wednesday, October, 30th. The company provided earnings per share guidance of $2.23-2.27 for the period, compared to the Thomson Reuters consensus estimate of $2.23.

What price target have analysts set for SKT?

4 brokerages have issued 1-year target prices for Tanger Factory Outlet Centers' shares. Their forecasts range from $15.00 to $27.00. On average, they expect Tanger Factory Outlet Centers' stock price to reach $20.00 in the next year. This suggests a possible upside of 27.8% from the stock's current price. View Analyst Price Targets for Tanger Factory Outlet Centers.

What is the consensus analysts' recommendation for Tanger Factory Outlet Centers?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tanger Factory Outlet Centers.

Has Tanger Factory Outlet Centers been receiving favorable news coverage?

Media stories about SKT stock have trended somewhat negative on Monday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tanger Factory Outlet Centers earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Tanger Factory Outlet Centers.

Are investors shorting Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 43,530,000 shares, a decline of 6.3% from the October 31st total of 46,450,000 shares. Based on an average daily volume of 2,580,000 shares, the days-to-cover ratio is currently 16.9 days. Currently, 48.0% of the shares of the company are sold short. View Tanger Factory Outlet Centers' Current Options Chain.

Who are some of Tanger Factory Outlet Centers' key competitors?

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), Delta Air Lines (DAL), Verizon Communications (VZ), Simon Property Group (SPG), Enterprise Products Partners (EPD), AbbVie (ABBV), Omega Healthcare Investors (OHI), Cisco Systems (CSCO), Iron Mountain (IRM) and Ventas (VTR).

Who are Tanger Factory Outlet Centers' key executives?

Tanger Factory Outlet Centers' management team includes the folowing people:
  • Mr. Steven B. Tanger, CEO & Director (Age 70)
  • Mr. Thomas E. McDonough, Pres & COO (Age 61)
  • Mr. James F. Williams CPA, Exec. VP & CFO (Age 54)
  • Mr. Gareth Taylor, Exec. VP, Gen. Counsel & Sec.
  • Ms. Lisa J. Morrison, Exec. VP of Leasing (Age 59)

Who are Tanger Factory Outlet Centers' major shareholders?

Tanger Factory Outlet Centers' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (29.60%), Marathon Asset Management LLP (2.66%), Wedge Capital Management L L P NC (0.60%), Squarepoint Ops LLC (0.53%), Millennium Management LLC (0.52%) and Voya Investment Management LLC (0.45%). 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 E Mcdonough, Thomas Joseph Guerrieri Jr, Thomas Reddin and Virginia R Summerell. View Institutional Ownership Trends for Tanger Factory Outlet Centers.

Which major investors are selling Tanger Factory Outlet Centers stock?

SKT stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Man Group plc, First Trust Advisors LP, Virginia Retirement Systems ET AL, Diamond Hill Capital Management Inc., Voloridge Investment Management LLC, Granite Investment Advisors LLC and Green Street Investors LLC. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Warren, Chad Perry, Thomas Joseph Guerrieri Jr and Virginia R Summerell. View Insider Buying and Selling for Tanger Factory Outlet Centers.

Which major investors are buying Tanger Factory Outlet Centers stock?

SKT stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Russell Investments Group Ltd., Marathon Asset Management LLP, ARP Americas LP, Squarepoint Ops LLC, Fox Run Management L.L.C., Tower Research Capital LLC TRC and California Public Employees Retirement System. 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 for Tanger Factory Outlet Centers.

How do I buy shares of 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.

What is Tanger Factory Outlet Centers' stock price today?

One share of SKT stock can currently be purchased for approximately $15.65.

How big of a company is Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers has a market capitalization of $1.45 billion and generates $494.68 million in revenue each year. The real estate investment trust earns $43.65 million in net income (profit) each year or $2.48 on an earnings per share basis. Tanger Factory Outlet Centers employs 285 workers across the globe.View Additional Information About Tanger Factory Outlet Centers.

What is Tanger Factory Outlet Centers' official website?

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

How can I contact Tanger Factory Outlet Centers?

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]


MarketBeat Community Rating for Tanger Factory Outlet Centers (NYSE SKT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  351 (Vote Outperform)
Underperform Votes:  443 (Vote Underperform)
Total Votes:  794
MarketBeat's community ratings are surveys of what our community members think about Tanger Factory Outlet Centers and other stocks. Vote "Outperform" if you believe SKT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SKT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/9/2019 by MarketBeat.com Staff

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