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 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SKT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKT, but not buy additional shares or sell existing shares.
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1 brokers have issued 1 year price targets 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 $18.67 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price.
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Tanger Factory Outlet Centers' stock was trading at $17.94 at the beginning of 2023. Since then, SKT shares have increased by 2.9% and is now trading at $18.46.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our SKT earnings forecast.

Tanger Factory Outlet Centers will be holding an earnings conference call on Wednesday, February 22nd 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 "13735349".

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) released its earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.23. The real estate investment trust had revenue of $105.84 million for the quarter, compared to the consensus estimate 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 company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS.

Tanger Factory Outlet Centers announced a quarterly dividend on Thursday, January 19th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.22 per share on Wednesday, February 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Monday, January 30th.
Read our dividend analysis for SKT.

Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.55%. 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 47.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKT.

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 retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.52%), Aew Capital Management L P (0.43%), ARS Investment Partners LLC (0.36%), Swiss National Bank (0.24%), Inlet Private Wealth LLC (0.23%) and Nisa Investment Advisors LLC (0.17%). 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.
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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 $18.46.

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $1.93 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.

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.