NYSE:SKTTanger Factory Outlet Centers Stock Price, Forecast & News Adding Choose a 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. Log In and Add $6.50 +0.46 (+7.62 %) (As of 05/26/2020 04:00 PM ET) Add Compare Share Today's Range$6.26Now: $6.50▼$6.6350-Day Range$4.26MA: $6.14▼$7.7552-Week Range$4.05Now: $6.50▼$18.20Volume3.02 million shsAverage Volume5.10 million shsMarket Capitalization$607.53 millionP/E RatioN/ADividend Yield23.68%Beta2.01 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 0.7 Analyst's Opinion Consensus RatingTanger Factory Outlet Centers has received a consensus rating of Sell. The company's average rating score is 1.33, and is based on no buy ratings, 1 hold rating, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.33, Tanger Factory Outlet Centers has a potential downside of 33.3% from its current price of $6.50.Amount of Analyst CoverageTanger Factory Outlet Centers has only been the subject of 3 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesTanger Factory Outlet Centers has received 376 “outperform” votes. (Add your “outperform” vote.)Underperform VotesTanger Factory Outlet Centers has received 478 “underperform” votes. (Add your “underperform” vote.)Community SentimentTanger Factory Outlet Centers has received 55.97% “underperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend LeadershipTanger Factory Outlet Centers is a leading dividend payer. It pays a dividend yield of 23.68%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTanger Factory Outlet Centers has been increasing its dividend for 27 years.Dividend CoverageThe dividend payout ratio of Tanger Factory Outlet Centers is 63.00 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Tanger Factory Outlet Centers will have a dividend payout ratio of 77.30 % in the coming year. This indicates that Tanger Factory Outlet Centers may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tanger Factory Outlet Centers insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $112,000.00 in company stock.Percentage Held by InsidersOnly 2.20% of the stock of Tanger Factory Outlet Centers is held by insiders.Percentage Held by Institutions84.68% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Tanger Factory Outlet Centers are expected to grow by 4.52% in the coming year, from $1.77 to $1.85 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tanger Factory Outlet Centers is -216.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Tanger Factory Outlet Centers is -216.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioTanger Factory Outlet Centers has a P/B Ratio of 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.7Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.73 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryRetail REITs SectorFinance Current SymbolNYSE:SKT Previous Symbol CUSIP87546510 CIK899715 Webwww.tangeroutlet.com Phone336-292-3010Debt Debt-to-Equity Ratio6.50 Current Ratio6.62 Quick Ratio6.62Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio3.67 P/E GrowthN/A Sales & Book Value Annual Sales$478.35 million Price / Sales1.27 Cash Flow$2.49 per share Price / Cash Flow2.61 Book Value$4.91 per share Price / Book1.32Profitability EPS (Most Recent Fiscal Year)$2.27 Net Income$87.86 million Net Margins-0.38% Return on Equity-0.39% Return on Assets-0.07%Miscellaneous Employees285 Outstanding Shares93,466,000Market Cap$607.53 million Next Earnings Date7/29/2020 (Estimated) OptionableOptionable SKT Rates by TradingView Receive SKT News and Ratings via Email Sign-up to receive the latest news and ratings for SKT and its competitors with MarketBeat's FREE daily newsletter. 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SKT shares have decreased by 32.8% and is now trading at $6.50. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Tanger Factory Outlet Centers? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 2 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 Wednesday, July 29th 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) released its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.52 by $0.82. The real estate investment trust had revenue of $108.56 million for the quarter, compared to analyst estimates of $110.37 million. Tanger Factory Outlet Centers had a negative net margin of 0.38% and a negative return on equity of 0.39%. 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 announced a quarterly dividend on Tuesday, January 28th. Investors 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 dividend on an annualized basis and a dividend yield of 22.00%. The ex-dividend date 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. What price target have analysts set for SKT? 3 equities research analysts have issued 12-month price targets for Tanger Factory Outlet Centers' stock. Their forecasts range from $3.00 to $5.50. On average, they expect Tanger Factory Outlet Centers' stock price to reach $4.33 in the next twelve months. This suggests that the stock has a possible downside of 33.3%. View analysts' price targets for Tanger Factory Outlet Centers. Has Tanger Factory Outlet Centers been receiving favorable news coverage? Media stories about SKT stock have been trending extremely negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tanger Factory Outlet Centers earned a daily sentiment score of -5.0 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect 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 increase in short interest in May. As of May 15th, there was short interest totaling 48,480,000 shares, an increase of 7.8% from the April 30th total of 44,980,000 shares. Based on an average daily volume of 4,320,000 shares, the days-to-cover ratio is currently 11.2 days. Approximately 53.6% of the shares of the stock are short sold. View Tanger Factory Outlet Centers' Current Options Chain. Who are some of Tanger Factory Outlet Centers' key competitors? Some companies that are related to Tanger Factory Outlet Centers include Realty Income (O), Simon Property Group (SPG), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Agree Realty (ADC), Taubman Centers (TCO), Weingarten Realty Investors (WRI), Alexander's (ALX), Retail Properties of America (RPAI), Getty Realty (GTY), Retail Opportunity Investments (ROIC), Macerich (MAC) and Acadia Realty Trust (AKR). View all 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), Delta Air Lines (DAL), Verizon Communications (VZ), AbbVie (ABBV), Exxon Mobil (XOM), Simon Property Group (SPG), Cisco Systems (CSCO), ANNALY CAP MGMT/SH (NLY) 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 BlackRock Inc. (17.44%), State Street Corp (5.68%), Marathon Asset Management LLP (2.37%), Bank of New York Mellon Corp (1.95%), Geode Capital Management LLC (1.78%) and Invesco Ltd. (1.17%). 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 major investors are selling Tanger Factory Outlet Centers stock? SKT stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Nuveen Asset Management LLC, Bank of New York Mellon Corp, JPMorgan Chase & Co., Morgan Stanley, WINTON GROUP Ltd, AXA, and UBS Group AG. 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. Which major investors are buying Tanger Factory Outlet Centers stock? SKT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Legion Partners Asset Management LLC, Advisor Group Holdings Inc., Principal Financial Group Inc., Public Sector Pension Investment Board, Legal & General Group Plc, Voloridge Investment Management LLC, and Federated Hermes 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. 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 $6.50. How big of a company is Tanger Factory Outlet Centers? Tanger Factory Outlet Centers has a market capitalization of $607.53 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. What is Tanger Factory Outlet Centers' official website? The official website for Tanger Factory Outlet Centers is 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] This page was last updated on 5/26/2020 by MarketBeat.com Staff
