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.
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Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
Phone336-292-3010
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$494.68 million
Profitability
Miscellaneous
Employees285
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable
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. Investors 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 9.70%. The ex-dividend date 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) released its quarterly earnings data on Tuesday, May, 1st. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.58 by $0.34. The real estate investment trust earned $123.50 million during the quarter, compared to the consensus estimate of $120.93 million. Tanger Factory Outlet Centers had a net margin of 14.98% and a return on equity of 14.33%. The business's revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS. View Tanger Factory Outlet Centers' Earnings History.
When is Tanger Factory Outlet Centers' next earnings date?
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 (EPS) 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 equities research analysts have issued 1-year target prices for Tanger Factory Outlet Centers' shares. Their predictions range from $15.00 to $27.00. On average, they expect Tanger Factory Outlet Centers' stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 36.6% 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?
Press coverage about SKT stock has been trending negative this week, InfoTrie reports. The research firm identifies negative and positive press 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 news sentiment score of -2.3 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. 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 daily trading volume, of 1,970,000 shares, the days-to-cover ratio is currently 21.3 days. Approximately 45.8% 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?
Some companies that are related to Tanger Factory Outlet Centers include Howard Hughes (HHC), Brixmor Property Group (BRX), JBG SMITH Properties (JBGS), Cousins Properties (CUZ), Life Storage (LSI), First Industrial Realty Trust (FR), PS Business Parks (PSB), Blackstone Mortgage Trust (BXMT), Rexford Industrial Realty (REXR), Eastgroup Properties (EGP), Highwoods Properties (HIW), Macerich (MAC), Healthcare Realty Trust (HR), CoreSite Realty (COR) and Equity Commonwealth (EQC).
What other stocks do shareholders of Tanger Factory Outlet Centers own?
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 variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.37%), BlackRock Inc. (14.17%), Marathon Asset Management LLP (2.48%), Northern Trust Corp (1.94%), Bank of New York Mellon Corp (1.91%) and Schroder Investment Management Group (1.75%). Company insiders that own Tanger Factory Outlet Centers stock include Carrie A Geldner, Carrie A Warren, Chad Perry, Charles Allen Worsham, Lisa J Morrison, Thomas E Mcdonough, Thomas Joseph Guerrieri Jr 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., Vanguard Group Inc., LSV Asset Management, Bank of America Corp DE, Northstar Investment Advisors LLC, Wells Fargo & Company MN and A.R.T. Advisors LLC. 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. 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 $14.64.
How big of a company is Tanger Factory Outlet Centers?
Tanger Factory Outlet Centers has a market capitalization of $1.37 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?
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)
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.
