Tanger Factory Outlet Centers Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last twelve months. There are currently 2 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Tanger Factory Outlet Centers stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKT, but not buy additional shares or sell existing shares.
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Tanger Factory Outlet Centers saw a decrease in short interest in February. As of February 12th, there was short interest totaling 29,720,000 shares, a decrease of 19.3% from the January 28th total of 36,840,000 shares. Based on an average daily volume of 4,000,000 shares, the days-to-cover ratio is presently 7.4 days. Currently, 33.0% of the shares of the company are sold short.
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Tanger Factory Outlet Centers is scheduled to release its next quarterly earnings announcement on Monday, May 10th 2021.
View our earnings forecast for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced its earnings results on Wednesday, February, 17th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.36 by $0.14. Tanger Factory Outlet Centers had a negative net margin of 0.76% and a negative trailing twelve-month return on equity of 0.82%.
View Tanger Factory Outlet Centers' earnings history.

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. Since then, SKT stock has increased by 67.9% and is now trading at $16.24.
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Tanger Factory Outlet Centers announced a quarterly dividend on Friday, January 15th. Shareholders of record on Friday, January 29th will be paid a dividend of $0.1775 per share on Friday, February 12th. This represents a $0.71 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Thursday, January 28th.
View Tanger Factory Outlet Centers' dividend history.

Tanger Factory Outlet Centers pays an annual dividend of $0.71 per share and currently has a dividend yield of 4.41%. SKT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Tanger Factory Outlet Centers is 31.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Tanger Factory Outlet Centers will have a dividend payout ratio of 48.97% next year. This indicates that Tanger Factory Outlet Centers will be able to sustain or increase its dividend.
View Tanger Factory Outlet Centers' dividend history.

Tanger Factory Outlet Centers updated its FY 2021 After-Hours earnings guidance on Wednesday, February, 17th. The company provided EPS guidance of 1.47-1.57 for the period.

6 Wall Street analysts have issued twelve-month price targets for Tanger Factory Outlet Centers' shares. Their forecasts range from $3.00 to $10.50. On average, they anticipate Tanger Factory Outlet Centers' stock price to reach $7.40 in the next year. This suggests that the stock has a possible downside of 54.4%.
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19 employees have rated Tanger Factory Outlet Centers CEO Steven B. Tanger on Glassdoor.com. Steven B. Tanger has an approval rating of 98% among Tanger Factory Outlet Centers' employees. This puts Steven B. Tanger in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

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

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.59%), Charles Schwab Investment Management Inc. (1.83%), Marathon Asset Management LLP (1.82%), Dimensional Fund Advisors LP (1.63%), Northern Trust Corp (1.59%) and Norges Bank (1.26%). Company insiders that own Tanger Factory Outlet Centers stock include Carrie A Warren, Chad Perry, Charles Allen Worsham, 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 Renaissance Technologies LLC, Principal Financial Group Inc., Principal Financial Group Inc., AR Asset Management Inc., Canada Pension Plan Investment Board, Marathon Asset Management LLP, Squarepoint Ops LLC, and Voloridge Investment Management LLC.
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SKT stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Royce & Associates LP, BlackRock Inc., Morgan Stanley, JPMorgan Chase & Co., Redmond Asset Management LLC, Nuveen Asset Management LLC, and Dupont Capital Management Corp. Company insiders that have bought Tanger Factory Outlet Centers stock in the last two years include Steven B Tanger, and Thomas Reddin.
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Shares of SKT 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.
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One share of SKT stock can currently be purchased for approximately $16.24.

Tanger Factory Outlet Centers has a market capitalization of $1.52 billion 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 is headquartered at 3200 NORTHLINE AVENUE SUITE 360, GREENSBORO NC, 27408.

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]