NYSE:SKT - Tanger Factory Outlet Centers Stock Price, Price Target & More

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

Tanger Factory Outlet Centers announced a quarterly dividend on Friday, April 13th. Investors of record on Monday, April 30th will be given a dividend of $0.35 per share on Tuesday, May 15th. This represents a $1.40 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date is Friday, April 27th. This is a boost from Tanger Factory Outlet Centers's previous quarterly dividend of $0.34. View Tanger Factory Outlet Centers' Dividend History.

Tanger Factory Outlet Centers announced that its board has approved a stock repurchase program on Sunday, June 4th 2017, which authorizes the company to repurchase $125,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 54% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) issued its quarterly earnings data on Tuesday, May, 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.58 by $0.34. The real estate investment trust earned $123.50 million during the quarter, compared to the consensus estimate of $120.93 million. Tanger Factory Outlet Centers had a return on equity of 10.97% and a net margin of 13.85%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. View Tanger Factory Outlet Centers' Earnings History.

Tanger Factory Outlet Centers is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Tanger Factory Outlet Centers.

6 equities research analysts have issued 12-month target prices for Tanger Factory Outlet Centers' shares. Their forecasts range from $19.00 to $25.00. On average, they expect Tanger Factory Outlet Centers' share price to reach $23.25 in the next twelve months. View Analyst Ratings for Tanger Factory Outlet Centers.

Some companies that are related to Tanger Factory Outlet Centers include SL Green Realty (SLG), Camden Property Trust (CPT), Macerich (MAC), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Sun Communities (SUI), VICI Properties (VICI), Kimco Realty (KIM), Gaming and Leisure Properties (GLPI), Kilroy Realty (KRC), Vereit (VER), WP Carey (WPC), Douglas Emmett (DEI), Lamar Advertising (LAMR) and National Retail Properties (NNN).

Media headlines about SKT stock have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tanger Factory Outlet Centers earned a news sentiment score of 0.17 on Accern's scale. They also gave news stories about the real estate investment trust an impact score of 46.66 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Tanger Factory Outlet Centers' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.61%), Principal Financial Group Inc. (8.72%), Principal Financial Group Inc. (8.72%), Ceredex Value Advisors LLC (3.08%), Millennium Management LLC (2.23%) and Foresters Investment Management Company Inc. (1.85%). 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, Virginia R Summerell and William G Benton. View Institutional Ownership Trends for Tanger Factory Outlet Centers.

SKT stock was sold by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Crawford Investment Counsel Inc., Russell Investments Group Ltd., JPMorgan Chase & Co., Wedge Capital Management L L P NC, WINTON GROUP Ltd, CT Mason and Rhumbline Advisers. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Geldner, Carrie A Warren, Charles Allen Worsham, Thomas E Mcdonough and Virginia R Summerell. View Insider Buying and Selling for Tanger Factory Outlet Centers.

SKT stock was bought by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Millennium Management LLC, Principal Financial Group Inc., Principal Financial Group Inc., Landscape Capital Management L.L.C., Hsbc Holdings PLC, Point72 Asset Management L.P. and BlackRock Inc.. View Insider Buying and Selling for 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.

One share of SKT stock can currently be purchased for approximately $23.99.

Tanger Factory Outlet Centers has a market capitalization of $2.26 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.

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]