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 Friday, April 13th. Stockholders of record on Monday, April 30th will be paid a dividend of $0.35 per share on Tuesday, May 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend is Friday, April 27th. This is an increase from Tanger Factory Outlet Centers's previous quarterly dividend of $0.34. View Tanger Factory Outlet Centers' Dividend History.

Tanger Factory Outlet Centers announced that its Board of Directors has authorized a share buyback plan on Sunday, June 4th 2017, which authorizes the company to buyback $125,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 54% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors 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 for the quarter, missing the Thomson Reuters' consensus estimate of $0.58 by $0.34. The real estate investment trust had revenue of $123.50 million for the quarter, compared to analysts' expectations of $120.93 million. Tanger Factory Outlet Centers had a net margin of 13.85% and a return on equity of 10.97%. The business's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. View Tanger Factory Outlet Centers' Earnings History.

Tanger Factory Outlet Centers is scheduled to release their next quarterly earnings announcement on Monday, July, 30th 2018. View Earnings Estimates for Tanger Factory Outlet Centers.

6 brokers have issued 12-month target prices for Tanger Factory Outlet Centers' stock. Their forecasts range from $19.00 to $25.50. On average, they anticipate Tanger Factory Outlet Centers' stock price to reach $23.70 in the next twelve months. View Analyst Ratings for Tanger Factory Outlet Centers.

Some companies that are related to Tanger Factory Outlet Centers include Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Macerich (MAC), Sun Communities (SUI), Kilroy Realty (KRC), VICI Properties (VICI), Gaming and Leisure Properties (GLPI), WP Carey (WPC), Vereit (VER), Kimco Realty (KIM), Lamar Advertising (LAMR), Douglas Emmett (DEI), Liberty Property Trust (LPT) and National Retail Properties (NNN).

Media headlines about SKT stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tanger Factory Outlet Centers earned a daily sentiment score of 0.07 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 45.67 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Tanger Factory Outlet Centers' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.61%), Principal Financial Group Inc. (8.72%), Principal Financial Group Inc. (8.72%), Ceredex Value Advisors LLC (3.08%), Millennium Management LLC (2.23%) and Foresters Investment Management Company Inc. (1.85%). 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 Brookfield Asset Management Inc., Crawford Investment Counsel Inc., Russell Investments Group Ltd., JPMorgan Chase & Co., Wedge Capital Management L L P NC, WINTON GROUP Ltd, CT Mason and Rhumbline Advisers. 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 bought by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Millennium Management LLC, Principal Financial Group Inc., Principal Financial Group Inc., Landscape Capital Management L.L.C., Hsbc Holdings PLC, Point72 Asset Management L.P. and BlackRock Inc.. 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 $23.04.

Tanger Factory Outlet Centers has a market capitalization of $2.13 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]