NYSE:SKT - Tanger Factory Outlet Centers Stock Price, News & Analysis

$14.15
-0.40 (-2.75 %)
(As of 08/25/2019 08:02 AM ET)
Today's Range
$14.12
Now: $14.15
$14.62
50-Day Range
$14.22
MA: $15.82
$16.77
52-Week Range
$14.12
Now: $14.15
$24.65
Volume2.31 million shs
Average Volume2.80 million shs
Market Capitalization$1.32 billion
P/E Ratio6.04
Dividend Yield9.76%
Beta0.65
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. Read More…

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$494.68 million
Cash Flow$1.8668 per share
Book Value$5.52 per share

Profitability

Net Income$43.65 million

Miscellaneous

Employees285
Market Cap$1.32 billion
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

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

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."

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, July 11th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.355 per share on Thursday, August 15th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date of this dividend is Tuesday, July 30th. View Tanger Factory Outlet Centers' Dividend History.

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers Inc. (NYSE:SKT) posted its quarterly earnings data on Tuesday, May, 1st. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.58 by $0.34. The real estate investment trust earned $123.50 million during the quarter, compared to analyst estimates of $120.93 million. Tanger Factory Outlet Centers had a net margin of 14.98% and a return on equity of 14.33%. The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. View Tanger Factory Outlet Centers' Earnings History.

When is Tanger Factory Outlet Centers' next earnings date?

Tanger Factory Outlet Centers is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Tanger Factory Outlet Centers.

What guidance has Tanger Factory Outlet Centers issued on next quarter's earnings?

Tanger Factory Outlet Centers issued an update on its FY19 earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of $2.21-2.27 for the period, compared to the Thomson Reuters consensus estimate of $2.23.

What price target have analysts set for SKT?

5 brokers have issued 12 month price objectives for Tanger Factory Outlet Centers' stock. Their predictions range from $15.00 to $27.00. On average, they anticipate Tanger Factory Outlet Centers' share price to reach $20.00 in the next year. This suggests a possible upside of 41.3% from the stock's current price. View Analyst Price Targets for Tanger Factory Outlet Centers.

What is the consensus analysts' recommendation for Tanger Factory Outlet Centers?

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

What are Wall Street analysts saying about Tanger Factory Outlet Centers stock?

Here are some recent quotes from research analysts about Tanger Factory Outlet Centers stock:
  • 1. According to Zacks Investment Research, "Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers. Since entering the factory outlet center business, they have become one of the largest owners and operators of factory outlet centers in the United States. " (8/14/2019)
  • 2. Boenning Scattergood analysts commented, "We are initiating coverage of Centers (SKT) with an Outperform rating and a $27.00 price target. We consider the risks to the dividend to be low and we note that SKT has a strong balance sheet. Although it was recently downgraded by S&P to BBB from BBB+, we expect it will generate sufficient free cash flow in 2019 to reduce indebtedness. We believe SKT has created an extra layer of value by branding its properties. TangerOutlets® have a reputation for selling brand-name goods at a discount, and that reputation and branding draws shoppers to its centers. In 2018, same center NOI contracted because of high tenant closures and rent roll-downs as digital offerings disrupted traditional retailing, and we expect NOI to contract in 2019 and possibly longer." (3/25/2019)

Has Tanger Factory Outlet Centers been receiving favorable news coverage?

Media coverage about SKT stock has been trending positive on Sunday, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Tanger Factory Outlet Centers earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the next few days. View News Stories for Tanger Factory Outlet Centers.

Are investors shorting Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 42,000,700 shares, an increase of 9.1% from the June 30th total of 38,503,800 shares. Based on an average trading volume of 1,970,000 shares, the short-interest ratio is presently 21.3 days. Currently, 45.8% of the shares of the company 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), Delta Air Lines (DAL), Verizon Communications (VZ), Simon Property Group (SPG), Cisco Systems (CSCO), Omega Healthcare Investors (OHI), AbbVie (ABBV), Enterprise Products Partners (EPD), Ventas (VTR) and Intel (INTC).

Who are Tanger Factory Outlet Centers' key executives?

Tanger Factory Outlet Centers' management team includes the folowing 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)

Who are Tanger Factory Outlet Centers' major shareholders?

Tanger Factory Outlet Centers' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.37%), BlackRock Inc. (14.17%), BlackRock Inc. (14.17%), Marathon Asset Management LLP (2.48%), Northern Trust Corp (1.94%) and Bank of New York Mellon Corp (1.91%). Company insiders that own Tanger Factory Outlet Centers stock include Carrie A Geldner, Carrie A Warren, Chad Perry, Charles Allen Worsham, Lisa J Morrison, Steven B Tanger, Thomas E Mcdonough, Thomas Joseph Guerrieri Jr, Thomas Reddin and Virginia R Summerell. View Institutional Ownership Trends for Tanger Factory Outlet Centers.

Which institutional investors are selling Tanger Factory Outlet Centers stock?

SKT stock was sold by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., BlackRock Inc., BlackRock Inc., Vanguard Group Inc., LSV Asset Management, Bank of America Corp DE, Northstar Investment Advisors LLC and Wells Fargo & Company MN. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Warren, Chad Perry, Charles Allen Worsham, Lisa J Morrison, Thomas Joseph Guerrieri Jr and Virginia R Summerell. View Insider Buying and Selling for Tanger Factory Outlet Centers.

Which institutional investors are buying Tanger Factory Outlet Centers stock?

SKT stock was bought by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Schroder Investment Management Group, Nuveen Asset Management LLC, Renaissance Technologies LLC, Paloma Partners Management Co, Cubist Systematic Strategies LLC, Bank of New York Mellon Corp and First Trust Advisors LP. 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 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, Scottrade, Fidelity and Charles Schwab.

What is Tanger Factory Outlet Centers' stock price today?

One share of SKT stock can currently be purchased for approximately $14.15.

How big of a company is Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers has a market capitalization of $1.32 billion and generates $494.68 million in revenue each year. The real estate investment trust earns $43.65 million in net income (profit) each year or $2.48 on an earnings per share basis. Tanger Factory Outlet Centers employs 285 workers across the globe.View Additional Information About Tanger Factory Outlet Centers.

What is Tanger Factory Outlet Centers' official website?

The official website for Tanger Factory Outlet Centers is http://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]


MarketBeat Community Rating for Tanger Factory Outlet Centers (NYSE SKT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  330 (Vote Outperform)
Underperform Votes:  426 (Vote Underperform)
Total Votes:  756
MarketBeat's community ratings are surveys of what our community members think about Tanger Factory Outlet Centers and other stocks. Vote "Outperform" if you believe SKT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SKT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/25/2019 by MarketBeat.com Staff

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