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

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SKT shares.
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1 equities research analysts have issued twelve-month price targets for Tanger Factory Outlet Centers' stock. Their SKT share price forecasts range from $21.00 to $21.00. On average, they anticipate the company's share price to reach $21.00 in the next year. This suggests a possible upside of 30.4% from the stock's current price.
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Tanger Factory Outlet Centers' stock was trading at $19.28 on January 1st, 2022. Since then, SKT stock has decreased by 16.4% and is now trading at $16.11.
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Tanger Factory Outlet Centers will be holding an earnings conference call on Tuesday, August 9th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13730784".

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced its earnings results on Thursday, May, 5th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.40 by $0.21. The real estate investment trust had revenue of $108.87 million for the quarter, compared to analysts' expectations of $101.62 million. Tanger Factory Outlet Centers had a trailing twelve-month return on equity of 5.04% and a net margin of 5.84%. Tanger Factory Outlet Centers's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS.

Tanger Factory Outlet Centers announced a quarterly dividend on Friday, July 15th. Shareholders of record on Friday, July 29th will be paid a dividend of $0.20 per share on Monday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Thursday, July 28th.
Read our dividend analysis for SKT.

Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 5.01%. SKT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 363.65%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SKT will have a dividend payout ratio of 44.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKT.

Tanger Factory Outlet Centers issued an update on its FY22 earnings guidance on Monday, August, 8th. The company provided earnings per share guidance of $1.73-1.79 for the period, compared to the consensus EPS estimate of $1.75.

19 employees have rated Tanger Factory Outlet Centers Chief Executive Officer Steven B. Tanger on Glassdoor.com. Steven B. Tanger has an approval rating of 98% among the company's employees. This puts Steven B. Tanger in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tanger Factory Outlet Centers investors own include AT&T (T), Verizon Communications (VZ), Enterprise Products Partners (EPD), Delta Air Lines (DAL), Cisco Systems (CSCO), AbbVie (ABBV), Exxon Mobil (XOM), Simon Property Group (SPG), CVS Health (CVS) and Intel (INTC).

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

Tanger Factory Outlet Centers' stock is owned by a variety of institutional and retail investors. Top institutional investors include Granite Investment Partners LLC (0.85%), Royce & Associates LP (0.60%), O Keefe Stevens Advisory Inc. (0.39%), ARS Investment Partners LLC (0.36%), Inlet Private Wealth LLC (0.23%) and Walleye Trading LLC (0.00%). Insiders that own company stock include Carrie A Warren, Chad Perry, Charles Allen Worsham, Steven B Tanger, Stewart Martin, Thomas Joseph Guerrieri Jr, Thomas Reddin and Virginia R Summerell.
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Shares of SKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SKT stock can currently be purchased for approximately $16.11.

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $1.68 billion and generates $426.52 million in revenue each year. The real estate investment trust earns $9.12 million in net income (profit) each year or $0.22 on an earnings per share basis.

Tanger Factory Outlet Centers employs 310 workers across the globe.

Tanger Factory Outlet Centers' mailing address is 3200 NORTHLINE AVENUE SUITE 360, GREENSBORO NC, 27408. The official website for the company is www.tangeroutlet.com. The real estate investment trust can be reached via phone at (336) 292-3010, via email at tangerir@tangeroutlet.com, or via fax at 336-852-2096.