Tanger Factory Outlet Centers Stock Forecast, Price & News

Tanger Factory Outlet Centers' stock was trading at $9.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SKT stock has decreased by 33.8% and is now trading at $6.40.
View which stocks have been most impacted by COVID-19.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 4 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Sell."
View analyst ratings for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) posted its quarterly earnings results on Monday, May, 11th. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.52 by $0.82. The real estate investment trust earned $108.56 million during the quarter, compared to analysts' expectations of $110.37 million. Tanger Factory Outlet Centers had a return on equity of 1.83% and a net margin of 1.80%.
View Tanger Factory Outlet Centers' earnings history.

Tanger Factory Outlet Centers announced a quarterly dividend on Tuesday, January 28th. Stockholders 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 dividend yield of 22.34%. 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.

6 brokerages have issued 1-year price objectives for Tanger Factory Outlet Centers' stock. Their forecasts range from $3.00 to $8.00. On average, they anticipate Tanger Factory Outlet Centers' share price to reach $6.12 in the next year. This suggests that the stock has a possible downside of 4.4%.
View analysts' price targets for Tanger Factory Outlet Centers.

Some companies that are related to Tanger Factory Outlet Centers include Simon Property Group (SPG), Realty Income (O), Regency Centers (REG), National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Kimco Realty (KIM), Agree Realty (ADC), Taubman Centers (TCO), Weingarten Realty Investors (WRI), Retail Properties of America (RPAI), Alexander's (ALX), Retail Opportunity Investments (ROIC), Macerich (MAC), Getty Realty (GTY) and Kite Realty Group Trust (KRG).
View all competitors.

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), 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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (16.02%), Marathon Asset Management LLP (1.88%), Charles Schwab Investment Management Inc. (1.67%), Bank of New York Mellon Corp (1.36%), Principal Financial Group Inc. (1.15%) and Principal Financial Group Inc. (1.15%). 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.

SKT stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Goldman Sachs Group Inc., Bank of New York Mellon Corp, Marathon Asset Management LLP, Advisor Group Holdings Inc., Charles Schwab Investment Management Inc., WINTON GROUP Ltd, and LSV Asset Management. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Charles Allen Worsham, and Virginia R Summerell.
View insider buying and selling activity for Tanger Factory Outlet Centers.

SKT stock was bought by a variety of institutional investors in the last quarter, including Intrinsic Edge Capital Management LLC, O Keefe Stevens Advisory Inc., Nordea Investment Management AB, Commonwealth Equity Services LLC, Principal Financial Group Inc., Principal Financial Group Inc., UBS Group AG, and Brookfield Asset Management Inc.. 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of SKT stock can currently be purchased for approximately $6.40.

Tanger Factory Outlet Centers has a market capitalization of $598.22 million 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.

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

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]