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 44 upscale outlet shopping centers. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.3 million square feet leased to over 3,100 stores operated by more than 510 different brand name companies. The Company has more than 37 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 189 million shoppers annually.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:SKT
CUSIP87546510
Phone336-292-3010
Debt
Debt-to-Equity Ratio3.07
Current Ratio0.07
Quick Ratio0.07
Price-To-Earnings
Trailing P/E Ratio9.91
Forward P/E Ratio10.03
P/E Growth1.88
Sales & Book Value
Annual Sales$488.23 million
Price / Sales4.69
Cash Flow$2.1944 per share
Price / Cash11.11
Book Value$6.48 per share
Price / Book3.76
Profitability
EPS (Most Recent Fiscal Year)$2.46
Net Income$68 million
Net Margins12.60%
Return on Equity10.34%
Return on Assets2.45%
Miscellaneous
Employees640
Outstanding Shares93,910,000
Market Cap$2.22 billion
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, July 12th. Stockholders of record on Tuesday, July 31st will be paid a dividend of $0.35 per share on Wednesday, August 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend is Monday, July 30th. View Tanger Factory Outlet Centers' Dividend History.
How will Tanger Factory Outlet Centers' stock buyback program work?
Tanger Factory Outlet Centers declared that its board has initiated a share buyback plan on Sunday, June 4th 2017, which authorizes the company to buyback $125,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 54% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.
How were Tanger Factory Outlet Centers' earnings last quarter?
Tanger Factory Outlet Centers Inc. (NYSE:SKT) released its earnings results on Tuesday, July, 31st. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by $0.35. The real estate investment trust earned $117.08 million during the quarter, compared to the consensus estimate of $116.92 million. Tanger Factory Outlet Centers had a return on equity of 10.34% and a net margin of 12.60%. View Tanger Factory Outlet Centers' Earnings History.
When is Tanger Factory Outlet Centers' next earnings date?
What guidance has Tanger Factory Outlet Centers issued on next quarter's earnings?
Tanger Factory Outlet Centers updated its FY18 earnings guidance on Tuesday, July, 31st. The company provided EPS guidance of $2.40 to $2.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.42.
What price target have analysts set for SKT?
6 Wall Street analysts have issued 12 month price targets for Tanger Factory Outlet Centers' stock. Their forecasts range from $19.00 to $24.00. On average, they expect Tanger Factory Outlet Centers' share price to reach $21.8333 in the next year. This suggests that the stock has a possible downside of 10.4%. View Analyst Price Targets for Tanger Factory Outlet Centers.
What is the consensus analysts' recommendation for Tanger Factory Outlet Centers?
6 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 and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tanger Factory Outlet Centers.
What are Wall Street analysts saying about Tanger Factory Outlet Centers stock?
Here are some recent quotes from research analysts about Tanger Factory Outlet Centers stock:
- 1. According to Zacks Investment Research, "Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers. Since entering the factory outlet center business, they have become one of the largest owners and operators of factory outlet centers in the United States. " (5/8/2018)
- 2. Boenning Scattergood analysts commented, "We continue to rate SKT Neutral as the company has a solid balance sheet, but the lack of underlying growth and development will result in poor earnings momentum during 2018." (2/15/2018)
Who are some of Tanger Factory Outlet Centers' key competitors?
Some companies that are related to Tanger Factory Outlet Centers include Camden Property Trust (CPT), Macerich (MAC), Equity Lifestyle Properties (ELS), Sun Communities (SUI), VICI Properties (VICI), Gaming and Leisure Properties (GLPI), VEREIT Inc/SH SH (VER), Kilroy Realty (KRC), Lamar Advertising (LAMR), National Retail Properties (NNN), WP Carey (WPC), Kimco Realty (KIM), Apartment Investment and Management (AIV), American Homes 4 Rent (AMH) and Douglas Emmett (DEI).
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 69)
- Mr. Thomas E. McDonough, Pres & COO (Age 60)
- Mr. James F. Williams CPA, Exec. VP & CFO (Age 53)
- Mr. Chad D. Perry, Exec. VP, Gen. Counsel & Sec. (Age 46)
- Ms. Lisa J. Morrison, Exec. VP of Leasing (Age 58)
Has Tanger Factory Outlet Centers been receiving favorable news coverage?
Headlines about SKT stock have been trending positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tanger Factory Outlet Centers earned a news and rumor sentiment score of 0.26 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 47.62 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Tanger Factory Outlet Centers.
Who are Tanger Factory Outlet Centers' major shareholders?
Tanger Factory Outlet Centers' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.47%), Bank of New York Mellon Corp (1.86%), AEW Capital Management L P (1.63%), Dimensional Fund Advisors LP (1.62%), Schwab Charles Investment Management Inc. (1.44%) and First Manhattan Co. (0.95%). Company insiders that own Tanger Factory Outlet Centers stock include Allan L Schuman, Carrie A Geldner, Carrie A Warren, Chad Perry, Charles Allen Worsham, Jeffrey B Citrin, Lisa J Morrison, Thomas E Mcdonough, Thomas Joseph Guerrieri Jr 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, AEW Capital Management L P, First Manhattan Co., State Board of Administration of Florida Retirement System, Russell Investments Group Ltd., Wedge Capital Management L L P NC, Advisors Asset Management Inc. and Sei Investments Co.. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Geldner, Carrie A Warren, Chad Perry, Charles Allen Worsham, Thomas E Mcdonough, 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 BlackRock Inc., American Century Companies Inc., Schwab Charles Investment Management Inc., Aviance Capital Management LLC, Bank of New York Mellon Corp, Virginia Retirement Systems ET AL, Chicago Equity Partners LLC and Wells Fargo & Company MN. 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, Scottrade, Fidelity and Charles Schwab.
What is Tanger Factory Outlet Centers' stock price today?
One share of SKT stock can currently be purchased for approximately $24.38.
How big of a company is Tanger Factory Outlet Centers?
Tanger Factory Outlet Centers has a market capitalization of $2.22 billion and generates $488.23 million in revenue each year. The real estate investment trust earns $68 million in net income (profit) each year or $2.46 on an earnings per share basis. Tanger Factory Outlet Centers employs 640 workers across the globe.
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)
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.
