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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SKT shares.
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1 Wall Street analysts have issued 1-year target prices for Tanger Factory Outlet Centers' stock. Their SKT share price forecasts range from $15.00 to $21.00. On average, they anticipate the company's stock price to reach $18.00 in the next twelve months. This suggests that the stock has a possible downside of 7.6%.
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Tanger Factory Outlet Centers' stock was trading at $19.28 at the start of the year. Since then, SKT stock has increased by 1.0% and is now trading at $19.48.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our SKT earnings forecast.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced its earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 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 15.00% and a net margin of 17.44%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share.

Tanger Factory Outlet Centers announced a quarterly dividend on Tuesday, October 11th. Stockholders of record on Monday, October 31st will be paid a dividend of $0.22 per share on Tuesday, November 15th. This represents a $0.88 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Friday, October 28th. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for SKT.

Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.54%. 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 122.22%. 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 48.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKT.

Tanger Factory Outlet Centers updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $1.78-$1.83 for the period. The company issued revenue guidance of -.

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.

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 investors include BlackRock Inc. (17.75%), Vanguard Group Inc. (15.89%), State Street Corp (5.98%), LSV Asset Management (2.40%), Dimensional Fund Advisors LP (1.37%) and Bank of New York Mellon Corp (1.14%). Insiders that own company stock include Carrie A Warren, Chad Perry, Charles Allen Worsham, Steven B Tanger, Thomas Joseph Guerrieri Jr, Thomas Reddin and Virginia R Summerell.
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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.
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One share of SKT stock can currently be purchased for approximately $19.48.

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $2.03 billion and generates $426.52 million in revenue each year. The real estate investment trust earns $9.12 million in net income (profit) each year or $0.72 on an earnings per share basis.

The company employs 310 workers across the globe.

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.