NYSE:SKT Tanger Factory Outlet Centers - SKT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Tanger Factory Outlet Centers, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $18.74 +0.29 (+1.57%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$18.12▼$18.8050-Day Range$17.53▼$20.0552-Week Range$13.26▼$20.27Volume686,244 shsAverage Volume1.18 million shsMarket Capitalization$1.96 billionP/E Ratio24.34Dividend Yield4.70%Price Target$19.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Tanger Factory Outlet Centers MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside4.1% Upside$19.50 Price TargetShort InterestBearish5.23% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.56Upright™ Environmental ScoreNews Sentiment0.40Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth2.17%From $1.84 to $1.88 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.63 out of 5 starsFinance Sector821st out of 883 stocksReal Estate Investment Trusts Industry174th out of 189 stocks 1.3 Analyst's Opinion Consensus RatingTanger Factory Outlet Centers has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.50, Tanger Factory Outlet Centers has a forecasted upside of 4.1% from its current price of $18.74.Amount of Analyst CoverageTanger Factory Outlet Centers has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.23% of the outstanding shares of Tanger Factory Outlet Centers have been sold short.Short Interest Ratio / Days to CoverTanger Factory Outlet Centers has a short interest ratio ("days to cover") of 6.9.Change versus previous monthShort interest in Tanger Factory Outlet Centers has recently increased by 3.01%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend LeadershipTanger Factory Outlet Centers is a leading dividend payer. It pays a dividend yield of 4.76%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTanger Factory Outlet Centers has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Tanger Factory Outlet Centers is 114.29%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Tanger Factory Outlet Centers will have a dividend payout ratio of 46.81% next year. This indicates that Tanger Factory Outlet Centers will be able to sustain or increase its dividend. Previous Next 1.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTanger Factory Outlet Centers has received a -14.92% net impact score from Upright. The largest negative impact of Tanger Factory Outlet Centers in category "GHG emissions" is driven by its "Real estate funds investing in shopping centers" and "Real estate development services of retail space" products. See details.Environmental SustainabilityThe Environmental Impact score for Tanger Factory Outlet Centers is -3.56. Previous Next 1.9 News and Social Media Coverage News SentimentTanger Factory Outlet Centers has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.75 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Tanger Factory Outlet Centers this week, compared to 2 articles on an average week.Search InterestOnly 8 people have searched for SKT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tanger Factory Outlet Centers insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.20% of the stock of Tanger Factory Outlet Centers is held by insiders.Percentage Held by Institutions74.61% of the stock of Tanger Factory Outlet Centers is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Tanger Factory Outlet Centers are expected to grow by 2.17% in the coming year, from $1.84 to $1.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tanger Factory Outlet Centers is 24.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Tanger Factory Outlet Centers is 24.34, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 137.17.Price to Earnings Growth RatioTanger Factory Outlet Centers has a PEG Ratio of 6.75. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTanger Factory Outlet Centers has a P/B Ratio of 3.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tanger Factory Outlet Centers (NYSE:SKT) StockTanger Factory Outlet Centers, Inc. engages in the operation of upscale open-air outlet centers. The firm focuses on developing, acquiring, owning, operating, and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.Read More Receive SKT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tanger Factory Outlet Centers and its competitors with MarketBeat's FREE daily newsletter. Email Address SKT Stock News HeadlinesMarch 25, 2023 | finance.yahoo.comThese 3 Dividend Stocks Can Help Beat the Spring Market MalaiseMarch 21, 2023 | americanbankingnews.comThe Goldman Sachs Group Begins Coverage on Tanger Factory Outlet Centers (NYSE:SKT)March 26, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastMarch 10, 2023 | finance.yahoo.comTanger (SKT) Upgraded to Buy: Here's What You Should KnowMarch 3, 2023 | finance.yahoo.com2 High-Yield Mall Stocks That Look Surprisingly Strong Right NowMarch 1, 2023 | finance.yahoo.comTanger Outlets to Present at Citi's 2023 Global Property CEO ConferenceFebruary 24, 2023 | seekingalpha.comTanger Factory Outlet Centers, Inc. (SKT) Q4 2022 Earnings Call TranscriptFebruary 23, 2023 | finance.yahoo.comShoppers ‘looking for a much more elevated experience,’ Tanger Outlets CEO saysMarch 26, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...February 22, 2023 | finance.yahoo.comTanger Outlets beats analysts' Q4 projections for revenue, earningsFebruary 21, 2023 | finance.yahoo.comTanger Factory Outlet (SKT) Beats Q4 FFO and Revenue EstimatesFebruary 21, 2023 | seekingalpha.comTanger Factory Outlet Q4 results beat on strong NOI growth, leasing accelerationFebruary 21, 2023 | finance.yahoo.comTanger Reports Fourth Quarter and Full Year 2022 Results and Introduces 2023 GuidanceFebruary 21, 2023 | finance.yahoo.comTanger May Not Be the Best Outlet for Investing Your CashFebruary 20, 2023 | benzinga.comEarnings Preview For Tanger Factory OutletJanuary 30, 2023 | finance.yahoo.comTanger Advances Towards Long-Term Environmental GoalsJanuary 25, 2023 | msn.comTanger Factory Outlet's Ex-Dividend Date Is Monday, Here's What You Need To KnowJanuary 20, 2023 | finance.yahoo.comTanger Factory Outlet Centers, Inc. 2022 Tax Reporting Information - Distribution (Form 1099)January 19, 2023 | finance.yahoo.comTanger Declares Dividend Payable February 15, 2023January 18, 2023 | finance.yahoo.comWhy Is Tanger Factory Outlet's Dividend Yield So High?January 17, 2023 | finance.yahoo.comAs Tanger Factory Outlet Centers (NYSE:SKT) lifts 4.3% this past week, investors may now be noticing the company's five-year earnings growthJanuary 16, 2023 | finance.yahoo.comSKT or SPG: Which Is the Better Value Stock Right Now?January 16, 2023 | seekingalpha.comTanger Factory Outlet: 5 Reasons Why You Should Sell This REITJanuary 12, 2023 | finanznachrichten.deInternational WELL Building Institute: Tanger Achieves WELL Health-Safety RatingJanuary 10, 2023 | finance.yahoo.comTanger Achieves WELL Health-Safety RatingJanuary 5, 2023 | finance.yahoo.comTanger Schedules Fourth Quarter and Year End 2022 Earnings Release and Conference CallDecember 19, 2022 | seekingalpha.comSimon Says, Sell Tanger Factory OutletsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SKT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tanger Factory Outlet Centers and its competitors with MarketBeat's FREE daily newsletter. Email Address SKT Company Calendar Last Earnings8/08/2022Ex-Dividend for 2/15 Dividend1/30/2023Dividend Payable2/15/2023Today3/25/2023Next Earnings (Confirmed)4/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryRetail REITs SectorFinance Current SymbolNYSE:SKT CUSIP87546510 CIK899715 Webwww.tangeroutlet.com Phone(336) 292-3010Fax336-852-2096Employees310Year FoundedN/APrice Target and Rating Average Stock Price Forecast$19.50 High Stock Price Forecast$22.00 Low Stock Price Forecast$15.00 Forecasted Upside/Downside+4.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.77 Trailing P/E Ratio24.34 Forward P/E Ratio10.18 P/E Growth6.75Net Income$82.06 million Net Margins18.44% Pretax Margin17.45% Return on Equity15.90% Return on Assets3.77% Debt Debt-to-Equity Ratio2.78 Current Ratio2.53 Quick Ratio2.53 Sales & Book Value Annual Sales$442.61 million Price / Sales4.42 Cash Flow$1.93 per share Price / Cash Flow9.73 Book Value$4.93 per share Price / Book3.80Miscellaneous Outstanding Shares104,500,000Free Float102,199,000Market Cap$1.96 billion OptionableOptionable Beta1.81 Key ExecutivesStephen J. YalofPresident, Chief Executive Officer & DirectorLeslie A. SwansonChief Operating Officer & Executive Vice PresidentMichael Jason BilermanExecutive VP, Chief Financial & Investment OfficerRicky L. FarrarVice President-Information TechnologiesChad D. PerrySecretary, Executive VP & General CounselKey CompetitorsMacerichNYSE:MACRetail Opportunity InvestmentsNASDAQ:ROICAcadia Realty TrustNYSE:AKRAlexander'sNYSE:ALXSaul CentersNYSE:BFSView All CompetitorsInsiders & InstitutionsParallax Volatility Advisers L.P.Sold 700 shares on 2/27/2023Ownership: 0.000%Teachers Retirement System of The State of KentuckyBought 3,817 shares on 2/22/2023Ownership: 0.031%Macquarie Group Ltd.Bought 5,261 shares on 2/21/2023Ownership: 0.144%Northwestern Mutual Wealth Management Co.Sold 657 shares on 2/21/2023Ownership: 0.005%Truist Financial CorpSold 3,889 shares on 2/17/2023Ownership: 0.110%View All Insider TransactionsView All Institutional Transactions SKT Stock - Frequently Asked Questions Should I buy or sell Tanger Factory Outlet Centers stock right now? 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. View SKT analyst ratings or view top-rated stocks. What is Tanger Factory Outlet Centers' stock price forecast for 2023? 2 analysts have issued twelve-month target prices for Tanger Factory Outlet Centers' shares. Their SKT share price forecasts range from $15.00 to $22.00. On average, they anticipate the company's share price to reach $19.50 in the next year. This suggests a possible upside of 4.1% from the stock's current price. View analysts price targets for SKT or view top-rated stocks among Wall Street analysts. How have SKT shares performed in 2023? Tanger Factory Outlet Centers' stock was trading at $17.94 on January 1st, 2023. Since then, SKT stock has increased by 4.5% and is now trading at $18.74. View the best growth stocks for 2023 here. When is Tanger Factory Outlet Centers' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023. View our SKT earnings forecast. How can I listen to Tanger Factory Outlet Centers' earnings call? 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". How were Tanger Factory Outlet Centers' earnings last quarter? Tanger Factory Outlet Centers, Inc. (NYSE:SKT) posted 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 had revenue of $105.84 million for 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. How often does Tanger Factory Outlet Centers pay dividends? What is the dividend yield for Tanger Factory Outlet Centers? Tanger Factory Outlet Centers declared 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 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Monday, January 30th. Read our dividend analysis for SKT. What ETFs hold Tanger Factory Outlet Centers' stock? 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). Is Tanger Factory Outlet Centers a good dividend stock? Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.76%. 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. What guidance has Tanger Factory Outlet Centers issued on next quarter's earnings? Tanger Factory Outlet Centers issued an update on its FY 2023 earnings guidance on Tuesday, February, 21st. The company provided earnings per share (EPS) guidance of $1.80-$1.88 for the period, compared to the consensus estimate of $1.83. The company issued revenue guidance of -. What is Steven B. Tanger's approval rating as Tanger Factory Outlet Centers' CEO? 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. What other stocks do shareholders of Tanger Factory Outlet Centers own? 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). What is Tanger Factory Outlet Centers' stock symbol? Tanger Factory Outlet Centers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKT." Who are Tanger Factory Outlet Centers' major shareholders? Tanger Factory Outlet Centers' stock is owned by a number of retail and institutional investors. Top institutional shareholders 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. View institutional ownership trends. How do I buy shares of Tanger Factory Outlet Centers? 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. Compare Top Brokerages Here. What is Tanger Factory Outlet Centers' stock price today? One share of SKT stock can currently be purchased for approximately $18.74. How much money does Tanger Factory Outlet Centers make? Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $1.96 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. How many employees does Tanger Factory Outlet Centers have? The company employs 310 workers across the globe. How can I contact Tanger Factory Outlet Centers? 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. This page (NYSE:SKT) was last updated on 3/26/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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