Tanger Factory Outlet Centers Stock Price, Forecast & Analysis (NYSE:SKT)

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. 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 annualized dividend and a dividend yield of 8.62%. 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) announced its quarterly earnings data on Wednesday, October, 30th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate 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 net margin of 24.51% and a return on equity of 23.49%. Tanger Factory Outlet Centers's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last 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 updated its FY19 earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of $2.23-2.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.23.

4 brokerages have issued 12-month target prices for Tanger Factory Outlet Centers' shares. Their forecasts range from $15.00 to $27.00. On average, they anticipate Tanger Factory Outlet Centers' share price to reach $20.00 in the next year. This suggests a possible upside of 21.4% 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.

Press coverage about SKT stock has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tanger Factory Outlet Centers earned a news sentiment score of -1.4 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 stock's share price in the near term. View News Stories for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers saw a decline in short interest during the month of October. As of October 31st, there was short interest totalling 43,530,000 shares, a decline of 6.3% from the September 30th total of 46,450,000 shares. Based on an average daily trading volume, of 2,580,000 shares, the short-interest ratio is presently 16.9 days. Approximately 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), Taubman Centers (TCO), Retail Opportunity Investments (ROIC), 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), Simon Property Group (SPG), Verizon Communications (VZ), Enterprise Products Partners (EPD), Omega Healthcare Investors (OHI), Cisco Systems (CSCO), AbbVie (ABBV), Ventas (VTR) and CVS Health (CVS).

Tanger Factory Outlet Centers' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Marathon Asset Management LLP (2.66%), Wedge Capital Management L L P NC (0.60%), Diamond Hill Capital Management Inc. (0.37%), Rhumbline Advisers (0.31%), Virginia Retirement Systems ET AL (0.31%) and Granite Investment Advisors LLC (0.27%). Company insiders that own Tanger Factory Outlet Centers stock include Carrie A Geldner, 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 First Trust Advisors LP, Virginia Retirement Systems ET AL, Diamond Hill Capital Management Inc., Granite Investment Advisors LLC, Green Street Investors LLC, SG Americas Securities LLC, Griffin Asset Management Inc. and State of Alaska Department of Revenue. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Warren, Chad Perry, Charles Allen Worsham, 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 Russell Investments Group Ltd., Marathon Asset Management LLP, ARP Americas LP, Fox Run Management L.L.C., Tower Research Capital LLC TRC , California Public Employees Retirement System, Sumitomo Mitsui Trust Holdings Inc. and Janney Montgomery Scott LLC. 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 $16.48.

Tanger Factory Outlet Centers has a market capitalization of $1.53 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]