NYSE:SKT Tanger Factory Outlet Centers - SKT Stock Forecast, Price & News Adding Choose a watchlist: 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. $18.37 -0.43 (-2.29%) (As of 02/8/2023 12:00 AM ET) Add Compare Share Share Today's Range$18.29▼$18.7750-Day Range$17.59▼$20.0552-Week Range$13.26▼$20.27Volume1.02 million shsAverage Volume743,351 shsMarket Capitalization$1.92 billionP/E Ratio25.51Dividend Yield4.55%Price Target$18.67 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Tanger Factory Outlet Centers MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside1.6% Upside$18.67 Price TargetShort InterestBearish7.10% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.56Upright™ Environmental ScoreNews Sentiment0.33Based on 2 Articles This WeekInsider TradingSelling Shares$975,000 Sold Last QuarterProj. Earnings Growth1.66%From $1.81 to $1.84 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.69 out of 5 starsFinance Sector768th out of 857 stocksReal Estate Investment Trusts Industry165th out of 190 stocks 1.0 Analyst's Opinion Consensus RatingTanger Factory Outlet Centers has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.67, Tanger Factory Outlet Centers has a forecasted upside of 1.6% from its current price of $18.37.Amount of Analyst CoverageTanger Factory Outlet Centers has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.10% of the outstanding shares of Tanger Factory Outlet Centers have been sold short.Short Interest Ratio / Days to CoverTanger Factory Outlet Centers has a short interest ratio ("days to cover") of 10.2, which indicates bearish sentiment.Change versus previous monthShort interest in Tanger Factory Outlet Centers has recently decreased by 1.85%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipTanger Factory Outlet Centers is a leading dividend payer. It pays a dividend yield of 4.55%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTanger Factory Outlet Centers has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Tanger Factory Outlet Centers is 122.22%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Tanger Factory Outlet Centers will have a dividend payout ratio of 47.83% next year. This indicates that Tanger Factory Outlet Centers will be able to sustain or increase its dividend. Previous Next 1.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTanger Factory Outlet Centers has received a -14.92% net impact score from Upright. The largest negative impact of Tanger Factory Outlet Centers in category "GHG emissions" is driven by its "Real estate funds investing in shopping centers" and "Real estate development services of retail space" products. See details.Environmental SustainabilityThe Environmental Impact score for Tanger Factory Outlet Centers is -3.56. Previous Next 2.4 News and Social Media Coverage News SentimentTanger Factory Outlet Centers has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Tanger Factory Outlet Centers this week, compared to 2 articles on an average week.Search Interest8 people have searched for SKT on MarketBeat in the last 30 days. This is an increase of 700% compared to the previous 30 days.MarketBeat Follows4 people have added Tanger Factory Outlet Centers to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 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 $975,000.00 in company stock.Percentage Held by InsidersOnly 5.80% of the stock of Tanger Factory Outlet Centers is held by insiders.Percentage Held by Institutions74.61% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Tanger Factory Outlet Centers are expected to grow by 1.66% in the coming year, from $1.81 to $1.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tanger Factory Outlet Centers is 25.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 149.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Tanger Factory Outlet Centers is 25.51, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 188.59.Price to Earnings Growth RatioTanger Factory Outlet Centers has a PEG Ratio of 1.19. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTanger Factory Outlet Centers has a P/B Ratio of 3.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tanger Factory Outlet Centers (NYSE:SKT) StockTanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.Read More Receive SKT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tanger Factory Outlet Centers and its competitors with MarketBeat's FREE daily newsletter. Email Address SKT Stock News HeadlinesFebruary 4, 2023 | americanbankingnews.comTanger Factory Outlet Centers (NYSE:SKT) Sets New 1-Year High at $19.92February 1, 2023 | americanbankingnews.comTanger Factory Outlet Centers (NYSE:SKT) Rating Lowered to Neutral at Compass PointFebruary 8, 2023 | Vantage Point (Ad)Don’t Let The Markets Break Your HeartEvery rose has its thorn, just like every market has its surprise. If you’re having issues in your trading, it could be that it's not you - it really is the market… Well, you’re in control. You can sit on the sideline when it feels right, or anticipate massive trend reversals with A.I. January 30, 2023 | finance.yahoo.comTanger Advances Towards Long-Term Environmental GoalsJanuary 25, 2023 | msn.comTanger Factory Outlet's Ex-Dividend Date Is Monday, Here's What You Need To KnowJanuary 20, 2023 | finance.yahoo.comTanger Factory Outlet Centers, Inc. 2022 Tax Reporting Information - Distribution (Form 1099)January 19, 2023 | finance.yahoo.comTanger Declares Dividend Payable February 15, 2023January 18, 2023 | finance.yahoo.comWhy Is Tanger Factory Outlet's Dividend Yield So High?February 8, 2023 | Vantage Point (Ad)Don’t Let The Markets Break Your HeartEvery rose has its thorn, just like every market has its surprise. If you’re having issues in your trading, it could be that it's not you - it really is the market… Well, you’re in control. You can sit on the sideline when it feels right, or anticipate massive trend reversals with A.I. January 17, 2023 | finance.yahoo.comAs Tanger Factory Outlet Centers (NYSE:SKT) lifts 4.3% this past week, investors may now be noticing the company's five-year earnings growthJanuary 16, 2023 | finance.yahoo.comSKT or SPG: Which Is the Better Value Stock Right Now?January 16, 2023 | seekingalpha.comTanger Factory Outlet: 5 Reasons Why You Should Sell This REITJanuary 12, 2023 | finanznachrichten.deInternational WELL Building Institute: Tanger Achieves WELL Health-Safety RatingJanuary 10, 2023 | finance.yahoo.comTanger Achieves WELL Health-Safety RatingJanuary 5, 2023 | finance.yahoo.comTanger Schedules Fourth Quarter and Year End 2022 Earnings Release and Conference CallDecember 19, 2022 | seekingalpha.comSimon Says, Sell Tanger Factory OutletsDecember 16, 2022 | finance.yahoo.comTanger Outlets CEO talks holiday foot traffic, consumer trends, and occupancy levelsDecember 15, 2022 | finance.yahoo.comIs Tanger Outlets a Great Buy Before 2023?December 7, 2022 | seekingalpha.comTanger Factory: Secure A 4.5% Yield For Tough TimesDecember 5, 2022 | finance.yahoo.com32% of My Retirement Portfolio Is in These 5 Stocks: Here's Why I Believe They're Winners for 2023 and BeyondNovember 21, 2022 | finance.yahoo.comTanger Welcomes New Brands to Expanding Retail PortfolioNovember 18, 2022 | finance.yahoo.comTanger Factory Outlet (SKT) Now Trades Above Golden Cross: Time to Buy?November 9, 2022 | finance.yahoo.comTanger Factory Outlet Centers Third Quarter 2022 Earnings: Beats ExpectationsNovember 3, 2022 | seekingalpha.comTanger Factory Outlet Centers, Inc. (SKT) Q3 2022 Earnings Call TranscriptNovember 3, 2022 | bizjournals.comTanger Factory Outlets beats analysts' expectations in Q3November 3, 2022 | finance.yahoo.comTanger Factory Outlet (SKT) Tops Q3 FFO and Revenue EstimatesNovember 2, 2022 | seekingalpha.comTanger Factory Outlet boosts guidance after Q3 FFO beats on higher occupancy, NOISee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SKT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tanger Factory Outlet Centers and its competitors with MarketBeat's FREE daily newsletter. Email Address SKT Company Calendar Last Earnings8/08/2022Ex-Dividend for 11/15 Dividend10/28/2022Dividend Payable11/15/2022Ex-Dividend for 2/15 Dividend1/30/2023Today2/08/2023Dividend Payable2/15/2023Next Earnings (Confirmed)2/21/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryRetail REITs SectorFinance Current SymbolNYSE:SKT CUSIP87546510 CIK899715 Webwww.tangeroutlet.com Phone(336) 292-3010Fax336-852-2096Employees310Year FoundedN/APrice Target and Rating Average Stock Price Forecast$18.67 High Stock Price Forecast$21.00 Low Stock Price Forecast$15.00 Forecasted Upside/Downside+1.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.72 Trailing P/E Ratio25.51 Forward P/E Ratio10.15 P/E Growth1.19Net Income$9.12 million Net Margins17.44% Pretax Margin16.29% Return on Equity15.00% Return on Assets3.55% Debt Debt-to-Equity Ratio2.71 Current Ratio2.36 Quick Ratio2.36 Sales & Book Value Annual Sales$426.52 million Price / Sales4.49 Cash Flow$1.12 per share Price / Cash Flow16.35 Book Value$4.80 per share Price / Book3.83Miscellaneous Outstanding Shares104,350,000Free Float98,295,000Market Cap$1.92 billion OptionableOptionable Beta1.83 Key ExecutivesStephen J. YalofPresident, Chief Executive Officer & DirectorLeslie A. SwansonChief Operating Officer & Executive Vice PresidentMichael Jason BilermanExecutive VP, Chief Financial & Investment OfficerRicky L. FarrarVice President-Information TechnologiesChad D. PerrySecretary, Executive VP & General CounselKey CompetitorsRetail Opportunity InvestmentsNASDAQ:ROICAcadia Realty TrustNYSE:AKRAlexander'sNYSE:ALXMacerichNYSE:MACSaul CentersNYSE:BFSView All CompetitorsInsiders & InstitutionsSwiss National BankBought 4,500 shares on 2/8/2023Ownership: 0.241%Thrivent Financial for LutheransSold 856 shares on 2/8/2023Ownership: 0.103%Arizona State Retirement SystemBought 1,082 shares on 2/8/2023Ownership: 0.028%Oppenheimer & Co. Inc.Bought 1,060 shares on 2/8/2023Ownership: 0.012%Van ECK Associates CorpBought 4,670 shares on 2/8/2023Ownership: 0.010%View All Insider TransactionsView All Institutional Transactions SKT Stock - Frequently Asked Questions Should I buy or sell Tanger Factory Outlet Centers stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SKT shares. 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. View SKT analyst ratings or view top-rated stocks. What is Tanger Factory Outlet Centers' stock price forecast for 2023? 1 brokers have issued 1 year price targets for Tanger Factory Outlet Centers' shares. Their SKT share price forecasts range from $15.00 to $21.00. On average, they expect the company's share price to reach $18.67 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price. View analysts price targets for SKT or view top-rated stocks among Wall Street analysts. How have SKT shares performed in 2023? Tanger Factory Outlet Centers' stock was trading at $17.94 at the beginning of 2023. Since then, SKT shares have increased by 2.9% and is now trading at $18.46. View the best growth stocks for 2023 here. When is Tanger Factory Outlet Centers' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023. View our SKT earnings forecast. How can I listen to Tanger Factory Outlet Centers' earnings call? Tanger Factory Outlet Centers will be holding an earnings conference call on Wednesday, February 22nd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13735349". How were Tanger Factory Outlet Centers' earnings last quarter? Tanger Factory Outlet Centers, Inc. (NYSE:SKT) released its earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.23. The real estate investment trust had revenue of $105.84 million for the quarter, compared to the consensus estimate 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 company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. 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 Thursday, January 19th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.22 per share on Wednesday, February 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Monday, January 30th. Read our dividend analysis for SKT. Is Tanger Factory Outlet Centers a good dividend stock? Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.55%. 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 47.83% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SKT. What is Steven B. Tanger's approval rating as Tanger Factory Outlet Centers' CEO? 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. 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), 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). 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 a number of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.52%), Aew Capital Management L P (0.43%), ARS Investment Partners LLC (0.36%), Swiss National Bank (0.24%), Inlet Private Wealth LLC (0.23%) and Nisa Investment Advisors LLC (0.17%). 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. View institutional ownership trends. How do I buy shares of Tanger Factory Outlet Centers? 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. Compare Top Brokerages Here. What is Tanger Factory Outlet Centers' stock price today? One share of SKT stock can currently be purchased for approximately $18.46. How much money does Tanger Factory Outlet Centers make? Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $1.93 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. How many employees does Tanger Factory Outlet Centers have? The company employs 310 workers across the globe. How can I contact Tanger Factory Outlet Centers? 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. This page (NYSE:SKT) was last updated on 2/8/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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