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 Ratio10.01
Forward P/E Ratio10.13
P/E Growth1.94
Sales & Book Value
Annual Sales$488.23 million
Price / Sales4.74
Cash Flow$2.1483 per share
Price / Cash11.46
Book Value$6.48 per share
Price / Book3.80
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$2.29 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. Investors of record on Tuesday, July 31st will be given a dividend of $0.35 per share on Wednesday, August 15th. This represents a $1.40 annualized dividend and a yield of 5.69%. The ex-dividend date 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 stock buyback plan on Sunday, June 4th 2017, which permits the company to repurchase $125,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 54% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.
How were Tanger Factory Outlet Centers' earnings last quarter?
Tanger Factory Outlet Centers Inc. (NYSE:SKT) posted its quarterly earnings data on Tuesday, July, 31st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.59 by $0.35. The real estate investment trust had revenue of $117.08 million for the quarter, compared to analysts' expectations 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 earnings per share (EPS) guidance of $2.40 to $2.46 for the period, compared to the Thomson Reuters consensus estimate of $2.42.
What price target have analysts set for SKT?
6 equities research analysts have issued 1 year price objectives for Tanger Factory Outlet Centers' shares. Their predictions range from $19.00 to $24.00. On average, they anticipate Tanger Factory Outlet Centers' share price to reach $21.8333 in the next twelve months. This suggests that the stock has a possible downside of 11.3%. 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), Equity Lifestyle Properties (ELS), Sun Communities (SUI), Macerich (MAC), VEREIT Inc/SH SH (VER), VICI Properties (VICI), Gaming and Leisure Properties (GLPI), Lamar Advertising (LAMR), Kilroy Realty (KRC), National Retail Properties (NNN), Kimco Realty (KIM), WP Carey (WPC), 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?
Media coverage about SKT stock has trended somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tanger Factory Outlet Centers earned a coverage optimism score of 0.21 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 45.53 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term. 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 number of of institutional and retail investors. Top institutional investors 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 purchased 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, WINTON GROUP Ltd, Bank of New York Mellon Corp, Virginia Retirement Systems ET AL and Chicago Equity Partners LLC. 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 $24.62.
How big of a company is Tanger Factory Outlet Centers?
Tanger Factory Outlet Centers has a market capitalization of $2.29 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.
