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 brokerages have issued 12-month price targets for Tanger Factory Outlet Centers' stock. Their SKT share price forecasts range from $17.00 to $21.00. On average, they expect the company's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 34.7% from the stock's current price.
View analysts price targets for SKT or view top-rated stocks among Wall Street analysts.

Tanger Factory Outlet Centers' stock was trading at $19.28 at the start of the year. Since then, SKT shares have decreased by 26.8% and is now trading at $14.11.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SKT earnings forecast.

Tanger Factory Outlet Centers will be holding an earnings conference call on Thursday, November 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13732469".

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) released its earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 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 analysts' expectations of $104.45 million. Tanger Factory Outlet Centers had a trailing twelve-month return on equity of 8.55% and a net margin of 9.75%. Tanger Factory Outlet Centers's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share.

Tanger Factory Outlet Centers declared a quarterly dividend on Friday, July 15th. Shareholders of record on Friday, July 29th will be paid a dividend of $0.20 per share on Monday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Thursday, July 28th.
Read our dividend analysis for SKT.

Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 5.62%. 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 205.13%. 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 44.44% 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 Tuesday, September, 6th. The company provided EPS guidance of $1.73-$1.79 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 many different institutional and retail investors. Top institutional investors include State Street Corp (6.02%), Northern Trust Corp (1.78%), FMR LLC (1.39%), Granite Investment Partners LLC (0.85%), Legal & General Group Plc (0.84%) and Goldman Sachs Group Inc. (0.00%). Insiders that own company stock include Carrie A Warren, Chad Perry, Charles Allen Worsham, Stewart Martin, 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 $14.11.

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $1.47 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 $0.39 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.