NYSE:SKT Tanger Factory Outlet Centers (SKT) Stock Forecast, Price & News $20.98 +0.57 (+2.79%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$20.59▼$21.0950-Day Range$18.24▼$20.9952-Week Range$13.26▼$21.09Volume790,599 shsAverage Volume851,282 shsMarket Capitalization$2.21 billionP/E Ratio26.56Dividend Yield4.67%Price Target$21.25 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Tanger Factory Outlet Centers MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside1.3% Upside$21.25 Price TargetShort InterestBearish8.06% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.74Upright™ Environmental ScoreNews Sentiment0.55Based on 9 Articles This WeekInsider TradingSelling Shares$99,750 Sold Last QuarterProj. Earnings Growth-0.53%From $1.87 to $1.86 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.1.60 out of 5 starsFinance Sector779th out of 873 stocksReal Estate Investment Trusts Industry170th out of 191 stocks 1.3 Analyst's Opinion Consensus RatingTanger Factory Outlet Centers has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.25, Tanger Factory Outlet Centers has a forecasted upside of 1.3% from its current price of $20.98.Amount of Analyst CoverageTanger Factory Outlet Centers has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted8.06% 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 7.5.Change versus previous monthShort interest in Tanger Factory Outlet Centers has recently increased by 19.44%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipTanger Factory Outlet Centers is a leading dividend payer. It pays a dividend yield of 4.67%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTanger Factory Outlet Centers has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Tanger Factory Outlet Centers is 124.05%. 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 52.69% next year. This indicates that Tanger Factory Outlet Centers will be able to sustain or increase its dividend. Previous Next 0.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTanger Factory Outlet Centers has received a -65.61% 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 -3.74. Previous Next 3.1 News and Social Media Coverage News SentimentTanger Factory Outlet Centers has a news sentiment score of 0.55. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Tanger Factory Outlet Centers this week, compared to 3 articles on an average week.Search Interest3 people have searched for SKT on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat Follows5 people have added Tanger Factory Outlet Centers to their MarketBeat watchlist in the last 30 days. This is an increase of 25% 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 $99,750.00 in company stock.Percentage Held by InsidersOnly 2.20% of the stock of Tanger Factory Outlet Centers is held by insiders.Percentage Held by 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Tanger Factory Outlet Centers are expected to decrease by -0.53% in the coming year, from $1.87 to $1.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tanger Factory Outlet Centers is 26.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.56.Price to Earnings Ratio vs. SectorThe P/E ratio of Tanger Factory Outlet Centers is 26.56, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.23.Price to Earnings Growth RatioTanger Factory Outlet Centers has a PEG Ratio of 5.65. 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 4.36. 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. engages in the operation of upscale open-air outlet centers. The firm 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 HeadlinesJune 4, 2023 | americanbankingnews.comTanger Factory Outlet Centers (NYSE:SKT) Earns Maintains Rating from 888June 2, 2023 | americanbankingnews.comEvercore ISI Increases Tanger Factory Outlet Centers (NYSE:SKT) Price Target to $22.00June 4, 2023 | Behind the Markets (Ad)How A.I. Could Make Most 21st Century Diseases EXTINCTOn December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...June 1, 2023 | msn.comEvercore ISI Group Maintains Tanger Factory Outlet Centers (SKT) In-Line RecommendationMay 31, 2023 | finance.yahoo.comHigh-Flying REIT Lifts Dividend, Hits 52-Week HighMay 31, 2023 | finance.yahoo.comTanger to Present at Nareit's REITweek 2023 Investor ConferenceMay 26, 2023 | finance.yahoo.comTanger Schedules Second Quarter 2023 Earnings Release and Conference CallMay 21, 2023 | americanbankingnews.comInsider Selling: Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Director Sells 5,000 Shares of StockJune 4, 2023 | Behind the Markets (Ad)How A.I. Could Make Most 21st Century Diseases EXTINCTOn December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...May 19, 2023 | finance.yahoo.comTanger Outlets CEO sees rebound in retailMay 10, 2023 | finance.yahoo.comTanger Celebrates 30 Years on the NYSE and Looks to the Future with New Logo and Visual IdentityMay 3, 2023 | finance.yahoo.comTanger (SKT) Upgraded to Buy: Here's WhyMay 3, 2023 | seekingalpha.comTanger Factory: Growing Dividend, Strong Finances, Solid ValueMay 3, 2023 | seekingalpha.comTanger Factory: Growing Dividend, Strong Finances, Solid ValueApril 29, 2023 | finance.yahoo.comQ1 2023 Tanger Factory Outlet Centers Inc Earnings CallApril 28, 2023 | finance.yahoo.comTanger reports modest growth in earnings, crediting both consumer behavior and mild weatherApril 28, 2023 | finanznachrichten.deTanger Factory Outlet Centers, Inc.: Tanger Reports First Quarter Results and Increases Full-Year GuidanceApril 27, 2023 | finance.yahoo.comTanger Factory Outlet (SKT) Surpasses Q1 FFO EstimatesApril 27, 2023 | apnews.comTanger: Q1 Earnings SnapshotApril 27, 2023 | seekingalpha.comTanger Factory Outlet lifts 2023 guide as strong leasing activity fuels Q1 beatApril 25, 2023 | americanbankingnews.comTanger Factory Outlet Centers, Inc. (SKT) to Issue Quarterly Dividend of $0.25 on May 15thApril 25, 2023 | americanbankingnews.comTanger Factory Outlet Centers (SKT) to Release Earnings on ThursdayApril 21, 2023 | finance.yahoo.comTanger Continues Environmental Commitment with Earth Day Activations; Announces Additional Progress Towards Long-Term GoalsApril 20, 2023 | americanbankingnews.comFY2023 EPS Estimates for Tanger Factory Outlet Centers, Inc. Lifted by Analyst (NYSE:SKT)April 19, 2023 | americanbankingnews.comTanger Factory Outlet Centers, Inc. Forecasted to Post Q1 2023 Earnings of $0.45 Per Share (NYSE:SKT)April 15, 2023 | finance.yahoo.com3 Undervalued Dividend Stocks to Invest $1,000 in Right NowApril 13, 2023 | americanbankingnews.comTanger Factory Outlet Centers (NYSE:SKT) Sees Strong Trading Volume After Dividend AnnouncementSee More Headlines SKT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SKT Company Calendar Last Earnings8/08/2022Ex-Dividend for 5/15 Dividend4/27/2023Dividend Payable5/15/2023Today6/03/2023Next Earnings (Confirmed)8/03/2023Fiscal 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$21.25 High Stock Price Forecast$22.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+1.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.79 Trailing P/E Ratio26.56 Forward P/E Ratio11.22 P/E Growth5.49Net Income$82.06 million Net Margins19.12% Pretax Margin18.34% Return on Equity16.52% Return on Assets3.88% Debt Debt-to-Equity Ratio2.82 Current Ratio2.97 Quick Ratio2.97 Sales & Book Value Annual Sales$442.61 million Price / Sales4.99 Cash Flow$1.95 per share Price / Cash Flow10.75 Book Value$4.81 per share Price / Book4.36Miscellaneous Outstanding Shares105,180,000Free Float102,867,000Market Cap$2.21 billion OptionableOptionable Beta1.82 Key ExecutivesStephen J. YalofPresident, Chief Executive Officer & DirectorLeslie A. SwansonChief Operating Officer & Executive Vice PresidentMichael Jason BilermanSecretary, Chief Financial & Investment OfficerRicky L. FarrarVice President-Information TechnologiesThomas J. GuerrieriChief Accounting Officer & Senior Vice PresidentKey CompetitorsMacerichNYSE:MACRetail Opportunity InvestmentsNASDAQ:ROICAcadia Realty TrustNYSE:AKRAlexander'sNYSE:ALXSaul CentersNYSE:BFSView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 7,157 shares on 6/1/2023Ownership: 0.136%ProShare Advisors LLCSold 1,308 shares on 5/26/2023Ownership: 0.014%Ameriprise Financial Inc.Bought 261,933 shares on 5/22/2023Ownership: 2.609%JPMorgan Chase & Co.Bought 667,077 shares on 5/18/2023Ownership: 2.214%New York State Common Retirement FundSold 87,927 shares on 5/18/2023Ownership: 0.054%View All Insider TransactionsView All Institutional Transactions SKT Stock - Frequently Asked Questions Should I buy or sell Tanger Factory Outlet Centers stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SKT shares. View SKT analyst ratings or view top-rated stocks. What is Tanger Factory Outlet Centers' stock price forecast for 2023? 2 equities research analysts have issued 12 month price targets for Tanger Factory Outlet Centers' shares. Their SKT share price forecasts range from $20.00 to $22.00. On average, they predict the company's stock price to reach $21.25 in the next year. This suggests a possible upside of 1.3% 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 start of the year. Since then, SKT shares have increased by 16.9% and is now trading at $20.98. View the best growth stocks for 2023 here. 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 8,480,000 shares, an increase of 19.4% from the April 30th total of 7,100,000 shares. Based on an average daily trading volume, of 1,130,000 shares, the days-to-cover ratio is presently 7.5 days. View Tanger Factory Outlet Centers' Short Interest. When is Tanger Factory Outlet Centers' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 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 Friday, August 4th 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 "13739144". How were Tanger Factory Outlet Centers' earnings last quarter? 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 earned $105.84 million during the quarter, compared to the consensus estimate of $104.45 million. Tanger Factory Outlet Centers had a net margin of 19.12% and a trailing twelve-month return on equity of 16.52%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company 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 declared a quarterly dividend on Tuesday, April 11th. Investors of record on Friday, April 28th will be paid a dividend of $0.245 per share on Monday, May 15th. This represents a $0.98 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Thursday, April 27th. This is a boost from the stock's previous quarterly dividend of $0.22. Read our dividend analysis for SKT. What ETFs hold Tanger Factory Outlet Centers' stock? ETFs with the largest weight of Tanger Factory Outlet Centers (NYSE:SKT) stock in their portfolio include Cambria Global Real Estate ETF (BLDG), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Multi-Asset Diversified Income Index Fund (MDIV), First Trust Small Cap Growth AlphaDEX Fund (FYC), Invesco DWA SmallCap Momentum ETF (DWAS), Is Tanger Factory Outlet Centers a good dividend stock? Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.98 per share and currently has a dividend yield of 4.80%. SKT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 124.05%. 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 52.69% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SKT. What guidance has Tanger Factory Outlet Centers issued on next quarter's earnings? Tanger Factory Outlet Centers issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $1.82-$1.90 for the period. The company issued revenue guidance of -. 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 shareholders include BlackRock Inc. (17.58%), State Street Corp (6.14%), Ameriprise Financial Inc. (2.61%), LSV Asset Management (2.40%), JPMorgan Chase & Co. (2.21%) and FMR LLC (2.14%). Insiders that own company stock include Carrie A Warren, Chad Perry, Steven B Tanger, Thomas Joseph Guerrieri Jr and Thomas Reddin. 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 $20.98. How much money does Tanger Factory Outlet Centers make? Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $2.21 billion and generates $442.61 million in revenue each year. The real estate investment trust earns $82.06 million in net income (profit) each year or $0.79 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 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.