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NYSE:SKTTanger Factory Outlet Centers Stock Price, Forecast & News

$6.50
+0.46 (+7.62 %)
(As of 05/26/2020 04:00 PM ET)
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Compare
Today's Range
$6.26
Now: $6.50
$6.63
50-Day Range
$4.26
MA: $6.14
$7.75
52-Week Range
$4.05
Now: $6.50
$18.20
Volume3.02 million shs
Average Volume5.10 million shs
Market Capitalization$607.53 million
P/E RatioN/A
Dividend Yield23.68%
Beta2.01
Tanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 40 upscale outlet shopping centers. Tanger's operating properties are located in 20 states coast to coast and in Canada, totaling approximately 14.4 million square feet leased to over 2,900 stores operated by more than 500 different brand name companies. The Company has more than 38 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 181 million shoppers annually. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission that includes a supplemental information package for the quarter ended March 31, 2019.
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Tanger Factory Outlet Centers logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.7Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.73 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP87546510
Phone336-292-3010

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$478.35 million
Cash Flow$2.49 per share
Book Value$4.91 per share

Profitability

Net Income$87.86 million

Miscellaneous

Employees285
Market Cap$607.53 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Tanger Factory Outlet Centers (NYSE:SKT) Frequently Asked Questions

How has Tanger Factory Outlet Centers' stock been impacted by COVID-19 (Coronavirus)?

Tanger Factory Outlet Centers' stock was trading at $9.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SKT shares have decreased by 32.8% and is now trading at $6.50. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Tanger Factory Outlet Centers?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 2 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Tanger Factory Outlet Centers.

When is Tanger Factory Outlet Centers' next earnings date?

Tanger Factory Outlet Centers is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Tanger Factory Outlet Centers.

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers Inc. (NYSE:SKT) released its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($0.30) earnings per share 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 analyst estimates of $110.37 million. Tanger Factory Outlet Centers had a negative net margin of 0.38% and a negative return on equity of 0.39%. View Tanger Factory Outlet Centers' earnings history.

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 Tuesday, January 28th. Investors of record on Thursday, April 30th will be given a dividend of $0.3575 per share on Friday, May 15th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 22.00%. The ex-dividend date is Wednesday, April 29th. This is a boost from Tanger Factory Outlet Centers's previous quarterly dividend of $0.36. View Tanger Factory Outlet Centers' dividend history.

What price target have analysts set for SKT?

3 equities research analysts have issued 12-month price targets for Tanger Factory Outlet Centers' stock. Their forecasts range from $3.00 to $5.50. On average, they expect Tanger Factory Outlet Centers' stock price to reach $4.33 in the next twelve months. This suggests that the stock has a possible downside of 33.3%. View analysts' price targets for Tanger Factory Outlet Centers.

Has Tanger Factory Outlet Centers been receiving favorable news coverage?

Media stories about SKT stock have been trending extremely negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tanger Factory Outlet Centers earned a daily sentiment score of -5.0 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutTanger Factory Outlet Centers.

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 48,480,000 shares, an increase of 7.8% from the April 30th total of 44,980,000 shares. Based on an average daily volume of 4,320,000 shares, the days-to-cover ratio is currently 11.2 days. Approximately 53.6% of the shares of the stock are short sold. View Tanger Factory Outlet Centers' Current Options Chain.

Who are some of Tanger Factory Outlet Centers' key competitors?

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), Enterprise Products Partners (EPD), Delta Air Lines (DAL), Verizon Communications (VZ), AbbVie (ABBV), Exxon Mobil (XOM), Simon Property Group (SPG), Cisco Systems (CSCO), ANNALY CAP MGMT/SH (NLY) and Iron Mountain (IRM).

Who are Tanger Factory Outlet Centers' key executives?

Tanger Factory Outlet Centers' management team includes the following people:
  • Mr. Steven B. Tanger, CEO & Director (Age 70)
  • Mr. Thomas E. McDonough, Pres & COO (Age 61)
  • Mr. James F. Williams CPA, Exec. VP & CFO (Age 54)
  • Mr. Gareth Taylor, Exec. VP, Gen. Counsel & Sec.
  • Ms. Lisa J. Morrison, Exec. VP of Leasing (Age 59)

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (17.44%), State Street Corp (5.68%), Marathon Asset Management LLP (2.37%), Bank of New York Mellon Corp (1.95%), Geode Capital Management LLC (1.78%) and Invesco Ltd. (1.17%). Company insiders that own Tanger Factory Outlet Centers stock include Carrie A Warren, Chad Perry, Charles Allen Worsham, Lisa J Morrison, Steven B Tanger, Stewart Martin, Thomas Joseph Guerrieri Jr, Thomas Reddin and Virginia R Summerell. View institutional ownership trends for Tanger Factory Outlet Centers.

Which major investors are selling Tanger Factory Outlet Centers stock?

SKT stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Nuveen Asset Management LLC, Bank of New York Mellon Corp, JPMorgan Chase & Co., Morgan Stanley, WINTON GROUP Ltd, AXA, and UBS Group AG. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Charles Allen Worsham, and Virginia R Summerell. View insider buying and selling activity for Tanger Factory Outlet Centers.

Which major investors are buying Tanger Factory Outlet Centers stock?

SKT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Legion Partners Asset Management LLC, Advisor Group Holdings Inc., Principal Financial Group Inc., Public Sector Pension Investment Board, Legal & General Group Plc, Voloridge Investment Management LLC, and Federated Hermes Inc.. Company insiders that have bought Tanger Factory Outlet Centers stock in the last two years include Steven B Tanger, and Thomas Reddin. View insider buying and selling activity for Tanger Factory Outlet Centers.

How do I buy shares of Tanger Factory Outlet Centers?

Shares of SKT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Tanger Factory Outlet Centers' stock price today?

One share of SKT stock can currently be purchased for approximately $6.50.

How big of a company is Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers has a market capitalization of $607.53 million 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.

What is Tanger Factory Outlet Centers' official website?

The official website for Tanger Factory Outlet Centers is www.tangeroutlet.com.

How can I contact Tanger Factory Outlet Centers?

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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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