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NYSE:SKT

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

$19.48
+0.11 (+0.57%)
(As of 11/29/2022 12:00 AM ET)
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Compare
Today's Range
$18.76
$19.59
50-Day Range
$13.59
$19.52
52-Week Range
$13.26
$21.21
Volume
1.23 million shs
Average Volume
910,170 shs
Market Capitalization
$2.03 billion
P/E Ratio
27.06
Dividend Yield
4.54%
Price Target
$18.00

Tanger Factory Outlet Centers MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
7.6% Downside
$18.00 Price Target
Short Interest
Healthy
6.14% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.49
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$1.93 M Sold Last Quarter
Proj. Earnings Growth
1.67%
From $1.80 to $1.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.85 out of 5 stars

Finance Sector

651st out of 907 stocks

Real Estate Investment Trusts Industry

137th out of 193 stocks

SKT stock logo

About Tanger Factory Outlet Centers (NYSE:SKT) Stock

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended September 30, 2020.

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SKT Stock News Headlines

Tanger Welcomes New Brands to Expanding Retail Portfolio
Better Buy: Target vs. Tanger Factory Outlets
SKT Tanger Factory Outlet Centers, Inc.
5 Stocks in Focus on Their Recent Dividend Hike
This Bargain Retail REIT Just Boosted Its Dividend
Tanger Increases Dividend by 10%
Tanger Factory Outlet Centers (NYSE: SKT)
Tanger Factory Appoints Michael Bilerman As CFO
See More Headlines
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SKT Company Calendar

Last Earnings
8/08/2022
Ex-Dividend for 11/15 Dividend
10/28/2022
Dividend Payable
11/15/2022
Today
11/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/16/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
87546510
Employees
310
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.00
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
-7.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$9.12 million
Pretax Margin
16.29%

Debt

Sales & Book Value

Annual Sales
$426.52 million
Cash Flow
$1.18 per share
Book Value
$4.80 per share

Miscellaneous

Free Float
98,295,000
Market Cap
$2.03 billion
Optionable
Optionable
Beta
1.83

Key Executives

  • Mr. Steven B. Tanger (Age 73)
    Exec. Chair of the Board
    Comp: $2.3M
  • Mr. Stephen J. Yalof (Age 59)
    Pres, CEO & Director
    Comp: $2.58M
  • Ms. Leslie A. Swanson Gallardo (Age 51)
    Exec. VP & COO
    Comp: $778.59k
  • Mr. Chad D. Perry J.D.Mr. Chad D. Perry J.D. (Age 50)
    Exec. VP, Sec. & Gen. Counsel
    Comp: $1.05M
  • Mr. Thomas J. Guerrieri Jr. (Age 49)
    Sr. VP & Chief Accounting Officer
  • Ms. Virginie Julie Schena
    Sr. VP of People & Culture
  • Brian A. Auger
    Sr. VP of Legal
  • Joshua D. Cox
    Sr. VP of Tax
  • Ms. Cyndi M. Holt
    Sr. VP of Capital Markets
  • Mary E. Shifflette
    Sr. VP of Leasing













SKT Stock - Frequently Asked Questions

Should I buy or sell Tanger Factory Outlet Centers stock right now?

1 Wall Street research 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 research analysts is that investors should "buy" SKT shares.
View SKT analyst ratings
or view top-rated stocks.

What is Tanger Factory Outlet Centers' stock price forecast for 2023?

1 Wall Street analysts have issued 1-year target prices for Tanger Factory Outlet Centers' stock. Their SKT share price forecasts range from $15.00 to $21.00. On average, they anticipate the company's stock price to reach $18.00 in the next twelve months. This suggests that the stock has a possible downside of 7.6%.
View analysts price targets for SKT
or view top-rated stocks among Wall Street analysts.

How have SKT shares performed in 2022?

Tanger Factory Outlet Centers' stock was trading at $19.28 at the start of the year. Since then, SKT stock has increased by 1.0% and is now trading at $19.48.
View the best growth stocks for 2022 here
.

When is Tanger Factory Outlet Centers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our SKT earnings forecast
.

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced its earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.42 by $0.23. The real estate investment trust had revenue of $105.84 million for the quarter, compared to analyst estimates of $104.45 million. Tanger Factory Outlet Centers had a trailing twelve-month return on equity of 15.00% and a net margin of 17.44%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share.

How often does Tanger Factory Outlet Centers pay dividends? What is the dividend yield for Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers announced a quarterly dividend on Tuesday, October 11th. Stockholders of record on Monday, October 31st will be paid a dividend of $0.22 per share on Tuesday, November 15th. This represents a $0.88 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Friday, October 28th. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for SKT
.

Is Tanger Factory Outlet Centers a good dividend stock?

Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.54%. 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 122.22%. 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 48.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKT.

What guidance has Tanger Factory Outlet Centers issued on next quarter's earnings?

Tanger Factory Outlet Centers updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $1.78-$1.83 for the period. The company issued revenue guidance of -.

What is Steven B. Tanger's approval rating as Tanger Factory Outlet Centers' CEO?

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.

What other stocks do shareholders of Tanger Factory Outlet Centers own?

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).

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."

Who are Tanger Factory Outlet Centers' major shareholders?

Tanger Factory Outlet Centers' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.75%), Vanguard Group Inc. (15.89%), State Street Corp (5.98%), LSV Asset Management (2.40%), Dimensional Fund Advisors LP (1.37%) and Bank of New York Mellon Corp (1.14%). Insiders that own company stock include Carrie A Warren, Chad Perry, Charles Allen Worsham, Steven B Tanger, Thomas Joseph Guerrieri Jr, Thomas Reddin and Virginia R Summerell.
View institutional ownership trends
.

How do I buy shares of Tanger Factory Outlet Centers?

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.
Compare Top Brokerages Here.

What is Tanger Factory Outlet Centers' stock price today?

One share of SKT stock can currently be purchased for approximately $19.48.

How much money does Tanger Factory Outlet Centers make?

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $2.03 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 $0.72 on an earnings per share basis.

How many employees does Tanger Factory Outlet Centers have?

The company employs 310 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 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.

This page (NYSE:SKT) was last updated on 11/29/2022 by MarketBeat.com Staff