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

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

1 brokers have issued 1-year price objectives for Tanger Factory Outlet Centers' shares. Their SKT share price forecasts range from $15.00 to $21.00. On average, they expect the company's share price to reach $18.00 in the next twelve months. This suggests a possible upside of 31.6% from the stock's current price.
View analysts price targets for SKT or view top-rated stocks among Wall Street analysts.

Tanger Factory Outlet Centers' stock was trading at $19.28 at the beginning of the year. Since then, SKT shares have decreased by 29.0% and is now trading at $13.68.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SKT earnings forecast.

Tanger Factory Outlet Centers will be holding an earnings conference call on Thursday, November 3rd 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 "13732469".

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) issued its earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 earnings per share (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 analysts' expectations of $104.45 million. Tanger Factory Outlet Centers had a trailing twelve-month return on equity of 8.55% and a net margin of 9.75%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS.

Tanger Factory Outlet Centers announced a quarterly dividend on Friday, July 15th. Investors of record on Friday, July 29th will be given a dividend of $0.20 per share on Monday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date 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 5.89%. 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 205.13%. 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 44.44% 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 updated its FY 2022 earnings guidance on Tuesday, September, 6th. The company provided EPS guidance of $1.73-$1.79 for the period. The company issued revenue guidance of -.

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."

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 $13.68.

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $1.43 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 $0.39 on an earnings per share basis.

The company 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.