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

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SKT shares.
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2 Wall Street research analysts have issued 1-year target prices for Tanger Factory Outlet Centers' shares. Their SKT share price forecasts range from $15.00 to $22.00. On average, they predict the company's share price to reach $19.50 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
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Tanger Factory Outlet Centers' stock was trading at $17.94 at the start of the year. Since then, SKT shares have increased by 3.2% and is now trading at $18.52.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our SKT earnings forecast.

Tanger Factory Outlet Centers will be holding an earnings conference call on Friday, April 28th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13737145".

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced its quarterly earnings data 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 earned $105.84 million during the quarter, compared to analyst estimates of $104.45 million. Tanger Factory Outlet Centers had a trailing twelve-month return on equity of 15.90% and a net margin of 18.44%. The business's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share.

Tanger Factory Outlet Centers declared a quarterly dividend on Thursday, January 19th. Shareholders of record on Tuesday, January 31st will be given a dividend of $0.22 per share on Wednesday, February 15th. This represents a $0.88 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Monday, January 30th.
Read our dividend analysis for SKT.

ETFs with the largest weight of Tanger Factory Outlet Centers (NYSE:SKT) stock in their portfolio include Cambria Global Real Estate ETF (BLDG), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Small Cap Growth AlphaDEX Fund (FYC), Invesco DWA SmallCap Momentum ETF (DWAS), Xtrackers S&P SmallCap 600 ESG ETF (SMLE), Invesco Zacks Multi-Asset Income ETF (CVY), SPDR S&P SmallCap 600 ESG ETF (ESIX) and FlexShares Global Quality Real Estate Index Fund (GQRE).

Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.63%. 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 114.29%. 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 46.81% 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 issued an update on its FY 2023 earnings guidance on Tuesday, February, 21st. The company provided earnings per share guidance of $1.80-$1.88 for the period, compared to the consensus EPS estimate of $1.83. 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."

Tanger Factory Outlet Centers' stock is owned by a number of institutional and retail investors. Top institutional investors include LSV Asset Management (2.47%), Geode Capital Management LLC (1.96%), Charles Schwab Investment Management Inc. (1.80%), JPMorgan Chase & Co. (1.59%), Dimensional Fund Advisors LP (1.36%) and Morgan Stanley (1.26%). Insiders that own company stock include Carrie A Warren, Chad Perry, Steven B Tanger, Thomas Joseph Guerrieri Jr and Thomas Reddin.
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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 $18.52.

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $1.94 billion and generates $442.61 million in revenue each year. The real estate investment trust earns $82.06 million in net income (profit) each year or $0.77 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.