Tanger Factory Outlet Centers Stock Forecast, Price & News

Tanger Factory Outlet Centers' stock was trading at $9.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SKT shares have increased by 30.5% and is now trading at $12.62.
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6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. 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 is scheduled to release its next quarterly earnings announcement on Monday, January 25th 2021.
View our earnings forecast for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) issued its earnings results on Monday, May, 11th. The real estate investment trust reported ($0.30) earnings per share (EPS) 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 the consensus estimate of $110.37 million. Tanger Factory Outlet Centers had a return on equity of 1.83% and a net margin of 1.80%.
View Tanger Factory Outlet Centers' earnings history.

Tanger Factory Outlet Centers declared a quarterly dividend on Friday, January 15th. Investors of record on Friday, January 29th will be given a dividend of $0.1775 per share on Friday, February 12th. This represents a $0.71 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend is Thursday, January 28th.
View Tanger Factory Outlet Centers' dividend history.

6 equities research analysts have issued 12 month target prices for Tanger Factory Outlet Centers' stock. 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 41.4%.
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Some companies that are related to Tanger Factory Outlet Centers include Simon Property Group (SPG), Realty Income (O), Kimco Realty (KIM), National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Agree Realty (ADC), Weingarten Realty Investors (WRI), Taubman Centers (TCO), The Macerich (MAC), Retail Properties of America (RPAI), Retail Opportunity Investments (ROIC), Kite Realty Group Trust (KRG), Alexander's (ALX), Acadia Realty Trust (AKR) and Getty Realty (GTY).
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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 number of retail and institutional investors. Top institutional investors include O Keefe Stevens Advisory Inc. (0.44%) and State of Alaska Department of Revenue (0.11%). 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 State of Alaska Department of Revenue, and O Keefe Stevens Advisory Inc.. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Charles Allen Worsham, and Virginia R Summerell.
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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.

One share of SKT stock can currently be purchased for approximately $12.62.

Tanger Factory Outlet Centers has a market capitalization of $1.18 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' 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]