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 Thursday, July 12th. Investors of record on Tuesday, July 31st will be paid a dividend of $0.35 per share on Wednesday, August 15th. This represents a $1.40 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend is Monday, July 30th. View Tanger Factory Outlet Centers' Dividend History.

Tanger Factory Outlet Centers announced that its Board of Directors has approved a share buyback plan on Sunday, June 4th 2017, which allows the company to buyback $125,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 54% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) released its earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.34. The real estate investment trust earned $123.50 million during the quarter, compared to analysts' expectations of $120.93 million. Tanger Factory Outlet Centers had a return on equity of 10.97% and a net margin of 13.85%. Tanger Factory Outlet Centers's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. 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 analysts have issued 1 year price objectives for Tanger Factory Outlet Centers' stock. 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 year. This suggests that the stock has a possible downside of 1.7%. View Analyst Ratings for Tanger Factory Outlet Centers.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 3 sell ratings and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Tanger Factory Outlet Centers include SL Green Realty (SLG), Camden Property Trust (CPT), AGNC Investment (AGNC), Macerich (MAC), Equity Lifestyle Properties (ELS), Gaming and Leisure Properties (GLPI), Sun Communities (SUI), VICI Properties (VICI), Kilroy Realty (KRC), Vereit (VER), Kimco Realty (KIM), WP Carey (WPC), Lamar Advertising (LAMR), National Retail Properties (NNN) and American Homes 4 Rent (AMH).

Headlines about SKT stock have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tanger Factory Outlet Centers earned a news sentiment score of 0.07 on Accern's scale. They also assigned headlines about the real estate investment trust an impact score of 47.10 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Tanger Factory Outlet Centers' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Westpac Banking Corp (0.18%), State of Alaska Department of Revenue (0.06%), Nisa Investment Advisors LLC (0.05%), Pendal Group Ltd (0.05%), Bank of Montreal Can (0.05%) and Municipal Employees Retirement System of Michigan (0.02%). 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 Westpac Banking Corp, Pendal Group Ltd, State of Alaska Department of Revenue, Municipal Employees Retirement System of Michigan, Creative Planning, Gofen & Glossberg LLC IL and Amalgamated Bank. 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 acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, McQueen Ball & Associates Inc. and Nisa Investment Advisors LLC. 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 $23.66.

Tanger Factory Outlet Centers has a market capitalization of $2.24 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]