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

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

Tanger Factory Outlet Centers announced a quarterly dividend on Thursday, October 10th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.355 per share on Friday, November 15th. This represents a $1.42 dividend on an annualized basis and a yield of 8.90%. The ex-dividend date of this dividend is Wednesday, October 30th. View Tanger Factory Outlet Centers' Dividend History.

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

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.

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

4 analysts have issued 12 month target prices for Tanger Factory Outlet Centers' stock. 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 twelve months. This suggests a possible upside of 25.4% from the stock's current price. View Analyst Price Targets 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.

News stories about SKT stock have trended neutral this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tanger Factory Outlet Centers earned a news impact score of 0.2 on InfoTrie's scale. They also assigned news 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 effect on the stock's share price in the near future. View News Stories for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers saw a decrease in short interest in November. As of November 15th, there was short interest totalling 43,530,000 shares, a decrease of 6.3% from the October 31st total of 46,450,000 shares. Based on an average daily trading volume, of 2,580,000 shares, the days-to-cover ratio is presently 16.9 days. Currently, 48.0% of the company's shares 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), Weingarten Realty Investors (WRI), Macerich (MAC), Agree Realty (ADC), Retail Properties of America (RPAI), Acadia Realty Trust (AKR), Retail Opportunity Investments (ROIC), Taubman Centers (TCO), Alexander's (ALX) and Kite Realty Group Trust (KRG).

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).

Tanger Factory Outlet Centers' stock is owned by a number 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.

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.

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.

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 $15.95.

Tanger Factory Outlet Centers has a market capitalization of $1.48 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.

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]