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

$11.98
+0.01 (+0.08 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$11.61
Now: $11.98
$12.22
50-Day Range
$11.97
MA: $14.24
$16.52
52-Week Range
$11.48
Now: $11.98
$21.69
Volume6.89 million shs
Average Volume6.36 million shs
Market Capitalization$1.11 billion
P/E Ratio12.88
Dividend Yield11.86%
Beta0.69
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 40 upscale outlet shopping centers. Tanger's operating properties are located in 20 states coast to coast and in Canada, totaling approximately 14.4 million square feet leased to over 2,900 stores operated by more than 500 different brand name companies. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP87546510
Phone336-292-3010

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$478.35 million
Cash Flow$2.30 per share
Book Value$4.91 per share

Profitability

Net Income$87.86 million

Miscellaneous

Employees285
Market Cap$1.11 billion
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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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 Tuesday, January 28th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.3575 per share on Friday, May 15th. This represents a $1.43 dividend on an annualized basis and a yield of 11.94%. The ex-dividend date of this dividend is Wednesday, April 29th. This is a boost from Tanger Factory Outlet Centers's previous quarterly dividend of $0.36. View Tanger Factory Outlet Centers' Dividend History.

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers Inc. (NYSE:SKT) posted its quarterly earnings data on Monday, January, 27th. The real estate investment trust reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.69. The real estate investment trust had revenue of $120.50 million for the quarter, compared to the consensus estimate of $117.25 million. Tanger Factory Outlet Centers had a net margin of 18.28% and a return on equity of 17.71%. The firm's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. View Tanger Factory Outlet Centers' Earnings History.

When is Tanger Factory Outlet Centers' next earnings date?

Tanger Factory Outlet Centers is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Tanger Factory Outlet Centers.

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

Tanger Factory Outlet Centers issued an update on its FY20 earnings guidance on Monday, January, 27th. The company provided earnings per share guidance of $1.96-2.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.16.

What price target have analysts set for SKT?

4 brokerages have issued twelve-month price objectives for Tanger Factory Outlet Centers' stock. Their forecasts range from $12.00 to $27.00. On average, they expect Tanger Factory Outlet Centers' stock price to reach $17.50 in the next twelve months. This suggests a possible upside of 46.1% from the stock's current price. View Analyst Price Targets for Tanger Factory Outlet Centers.

What is the consensus analysts' recommendation for Tanger Factory Outlet Centers?

4 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, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tanger Factory Outlet Centers.

Has Tanger Factory Outlet Centers been receiving favorable news coverage?

Press coverage about SKT stock has been trending extremely negative recently, InfoTrie reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tanger Factory Outlet Centers earned a news impact score of -4.6 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Tanger Factory Outlet Centers.

Are investors shorting Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers saw a increase in short interest in February. As of February 14th, there was short interest totalling 58,100,000 shares, an increase of 5.4% from the January 30th total of 55,120,000 shares. Based on an average daily volume of 4,730,000 shares, the days-to-cover ratio is presently 12.3 days. Currently, 64.0% of the shares of the stock are short sold. View Tanger Factory Outlet Centers' Current Options Chain.

Who are some of Tanger Factory Outlet Centers' key competitors?

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), Delta Air Lines (DAL), Enterprise Products Partners (EPD), AbbVie (ABBV), Simon Property Group (SPG), Exxon Mobil (XOM), Cisco Systems (CSCO), Iron Mountain (IRM) and Altria Group (MO).

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 70)
  • Mr. Thomas E. McDonough, Pres & COO (Age 61)
  • Mr. James F. Williams CPA, Exec. VP & CFO (Age 54)
  • Mr. Gareth Taylor, Exec. VP, Gen. Counsel & Sec.
  • Ms. Lisa J. Morrison, Exec. VP of Leasing (Age 59)

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 shareholders include State Street Corp (31.91%), Bank of New York Mellon Corp (2.48%), Marathon Asset Management LLP (2.44%), Ceredex Value Advisors LLC (2.20%), Charles Schwab Investment Management Inc. (1.90%) and ProShare Advisors LLC (1.84%). Company insiders that own Tanger Factory Outlet Centers stock include Carrie A Warren, Chad Perry, Charles Allen Worsham, Lisa J Morrison, Steven B Tanger, Stewart Martin, Thomas Joseph Guerrieri Jr, Thomas Reddin 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 Schroder Investment Management Group, Victory Capital Management Inc., Ceredex Value Advisors LLC, Marathon Asset Management LLP, Victory Capital Management Inc., AR Asset Management Inc., Walthausen & Co. LLC and Bank of Montreal Can. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Warren, Chad Perry, 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 State Street Corp, LSV Asset Management, Miller Howard Investments Inc. NY, Bank of New York Mellon Corp, Chicago Equity Partners LLC, Cipher Capital LP, ProShare Advisors LLC and Geode Capital Management LLC. Company insiders that have bought Tanger Factory Outlet Centers stock in the last two years include Steven B Tanger and Thomas Reddin. 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, Robinhood, Fidelity and Charles Schwab.

What is Tanger Factory Outlet Centers' stock price today?

One share of SKT stock can currently be purchased for approximately $11.98.

How big of a company is Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers has a market capitalization of $1.11 billion and generates $478.35 million in revenue each year. The real estate investment trust earns $87.86 million in net income (profit) each year or $2.27 on an earnings per share basis. Tanger Factory Outlet Centers employs 285 workers across the globe.View Additional Information About Tanger Factory Outlet Centers.

What is Tanger Factory Outlet Centers' official website?

The official website for Tanger Factory Outlet Centers is http://www.tangeroutlet.com/.

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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  365 (Vote Outperform)
Underperform Votes:  460 (Vote Underperform)
Total Votes:  825
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.
This page was last updated on 2/29/2020 by MarketBeat.com Staff

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