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 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.

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.

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 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.

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.

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.

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.

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.

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 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.

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 $15.65.

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.

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]