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

$5.85
-0.90 (-13.33 %)
(As of 03/29/2020 05:51 AM ET)
Today's Range
$5.80
Now: $5.85
$6.60
50-Day Range
$5.95
MA: $10.93
$13.76
52-Week Range
$5.55
Now: $5.85
$21.28
Volume4.80 million shs
Average Volume4.56 million shs
Market Capitalization$543.41 million
P/E Ratio6.29
Dividend Yield21.04%
Beta0.9
Tanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 40 upscale outlet shopping centers. Tanger's operating properties are located in 20 states coast to coast and in Canada, totaling approximately 14.4 million square feet leased to over 2,900 stores operated by more than 500 different brand name companies. The Company has more than 38 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 181 million shoppers annually. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission that includes a supplemental information package for the quarter ended March 31, 2019.
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Tanger Factory Outlet Centers logo

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP87546510
Phone336-292-3010

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$478.35 million
Cash Flow$2.00 per share
Book Value$4.91 per share

Profitability

Net Income$87.86 million

Miscellaneous

Employees285
Market Cap$543.41 million
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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Tanger Factory Outlet Centers (NYSE:SKT) Frequently Asked Questions

How has Tanger Factory Outlet Centers' stock been impacted by COVID-19 (Coronavirus)?

Tanger Factory Outlet Centers' stock was trading at $9.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SKT stock has decreased by 39.5% and is now trading at $5.85. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Tanger Factory Outlet Centers?

4 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 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Tanger Factory Outlet Centers.

When is Tanger Factory Outlet Centers' next earnings date?

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

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers Inc. (NYSE:SKT) posted its quarterly earnings results on Monday, January, 27th. The real estate investment trust reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.56 by $0.69. The real estate investment trust had revenue of $120.50 million for the quarter, compared to the consensus estimate of $117.25 million. Tanger Factory Outlet Centers had a return on equity of 17.71% and a net margin of 18.28%. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 earnings per share. View Tanger Factory Outlet Centers' earnings history.

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 Tuesday, January 28th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.3575 per share on Friday, May 15th. This represents a $1.43 annualized dividend and a dividend yield of 24.44%. The ex-dividend date is Wednesday, April 29th. This is a positive change from Tanger Factory Outlet Centers's previous quarterly dividend of $0.36. View Tanger Factory Outlet Centers' dividend history.

What guidance has Tanger Factory Outlet Centers issued on next quarter's earnings?

Tanger Factory Outlet Centers updated its FY20 earnings guidance on Monday, January, 27th. The company provided EPS guidance of $1.96-2.04 for the period, compared to the Thomson Reuters consensus estimate of $2.16.

What price target have analysts set for SKT?

4 analysts have issued twelve-month price objectives for Tanger Factory Outlet Centers' shares. Their forecasts range from $5.50 to $16.00. On average, they anticipate Tanger Factory Outlet Centers' stock price to reach $12.13 in the next twelve months. This suggests a possible upside of 107.3% from the stock's current price. View analysts' price targets for Tanger Factory Outlet Centers.

Has Tanger Factory Outlet Centers been receiving favorable news coverage?

News articles about SKT stock have been trending somewhat positive recently, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Tanger Factory Outlet Centers earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutTanger Factory Outlet Centers.

Are investors shorting Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 44,724,000 shares, a decrease of 5.7% from the February 27th total of 47,440,000 shares. Based on an average daily volume of 5,230,000 shares, the days-to-cover ratio is presently 8.6 days. Approximately 49.3% of the shares of the company are sold short. View Tanger Factory Outlet Centers' Current Options Chain.

Who are some of Tanger Factory Outlet Centers' key competitors?

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), Enterprise Products Partners (EPD), Verizon Communications (VZ), AbbVie (ABBV), Delta Air Lines (DAL), Exxon Mobil (XOM), ANNALY CAP MGMT/SH (NLY), Simon Property Group (SPG), Cisco Systems (CSCO) and Iron Mountain (IRM).

Who are Tanger Factory Outlet Centers' key executives?

Tanger Factory Outlet Centers' management team includes the following people:
  • Mr. Steven B. Tanger, CEO & Director (Age 70)
  • Mr. Thomas E. McDonough, Pres & COO (Age 61)
  • Mr. James F. Williams CPA, Exec. VP & CFO (Age 54)
  • Mr. Gareth Taylor, Exec. VP, Gen. Counsel & Sec.
  • Ms. Lisa J. Morrison, Exec. VP of Leasing (Age 59)

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 many different retail and institutional investors. Top institutional investors include State Street Corp (31.91%), Bank of New York Mellon Corp (2.48%), Marathon Asset Management LLP (2.44%), Ceredex Value Advisors LLC (2.20%), Charles Schwab Investment Management Inc. (1.90%) and ProShare Advisors LLC (1.84%). 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.

Which institutional investors are selling Tanger Factory Outlet Centers stock?

SKT stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Victory Capital Management Inc., Ceredex Value Advisors LLC, Marathon Asset Management LLP, Victory Capital Management Inc., AR Asset Management Inc., Walthausen & Co. LLC, and Bank of Montreal Can. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Warren, Chad Perry, Charles Allen Worsham, Thomas Joseph Guerrieri Jr, and Virginia R Summerell. View insider buying and selling activity for Tanger Factory Outlet Centers.

Which institutional investors are buying Tanger Factory Outlet Centers stock?

SKT stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Norges Bank, LSV Asset Management, Miller Howard Investments Inc. NY, Bank of New York Mellon Corp, Chicago Equity Partners LLC, Cipher Capital LP, and ProShare Advisors LLC. 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.

How do I buy shares of 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.

What is Tanger Factory Outlet Centers' stock price today?

One share of SKT stock can currently be purchased for approximately $5.85.

How big of a company is Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers has a market capitalization of $543.41 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. View additional information about Tanger Factory Outlet Centers.

What is Tanger Factory Outlet Centers' official website?

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

How can I contact Tanger Factory Outlet Centers?

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]


MarketBeat Community Rating for Tanger Factory Outlet Centers (NYSE SKT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  375 (Vote Outperform)
Underperform Votes:  468 (Vote Underperform)
Total Votes:  843
MarketBeat's community ratings are surveys of what our community members think about Tanger Factory Outlet Centers and other stocks. Vote "Outperform" if you believe SKT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SKT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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