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NYSE:SKT

Tanger Factory Outlet Centers - SKT Stock Forecast, Price & News

$18.37
-0.43 (-2.29%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$18.29
$18.77
50-Day Range
$17.59
$20.05
52-Week Range
$13.26
$20.27
Volume
1.02 million shs
Average Volume
743,351 shs
Market Capitalization
$1.92 billion
P/E Ratio
25.51
Dividend Yield
4.55%
Price Target
$18.67

Tanger Factory Outlet Centers MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.6% Upside
$18.67 Price Target
Short Interest
Bearish
7.10% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
0.33mentions of Tanger Factory Outlet Centers in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$975,000 Sold Last Quarter
Proj. Earnings Growth
1.66%
From $1.81 to $1.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.69 out of 5 stars

Finance Sector

768th out of 857 stocks

Real Estate Investment Trusts Industry

165th out of 190 stocks

SKT stock logo

About Tanger Factory Outlet Centers (NYSE:SKT) Stock

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It 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.

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SKT Stock News Headlines

Don’t Let The Markets Break Your Heart
Every rose has its thorn, just like every market has its surprise. If you’re having issues in your trading, it could be that it's not you - it really is the market… Well, you’re in control. You can sit on the sideline when it feels right, or anticipate massive trend reversals with A.I. pixel
Tanger Advances Towards Long-Term Environmental Goals
Tanger Declares Dividend Payable February 15, 2023
Why Is Tanger Factory Outlet's Dividend Yield So High?
Don’t Let The Markets Break Your Heart
Every rose has its thorn, just like every market has its surprise. If you’re having issues in your trading, it could be that it's not you - it really is the market… Well, you’re in control. You can sit on the sideline when it feels right, or anticipate massive trend reversals with A.I. pixel
SKT or SPG: Which Is the Better Value Stock Right Now?
Tanger Achieves WELL Health-Safety Rating
Simon Says, Sell Tanger Factory Outlets
Is Tanger Outlets a Great Buy Before 2023?
Tanger Factory: Secure A 4.5% Yield For Tough Times
Tanger Welcomes New Brands to Expanding Retail Portfolio
See More Headlines
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SKT Company Calendar

Last Earnings
8/08/2022
Ex-Dividend for 11/15 Dividend
10/28/2022
Dividend Payable
11/15/2022
Ex-Dividend for 2/15 Dividend
1/30/2023
Today
2/08/2023
Dividend Payable
2/15/2023
Next Earnings (Confirmed)
2/21/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
87546510
Employees
310
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.67
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+1.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$9.12 million
Pretax Margin
16.29%

Debt

Sales & Book Value

Annual Sales
$426.52 million
Cash Flow
$1.12 per share
Book Value
$4.80 per share

Miscellaneous

Free Float
98,295,000
Market Cap
$1.92 billion
Optionable
Optionable
Beta
1.83

Key Executives

  • Stephen J. Yalof
    President, Chief Executive Officer & Director
  • Leslie A. Swanson
    Chief Operating Officer & Executive Vice President
  • Michael Jason Bilerman
    Executive VP, Chief Financial & Investment Officer
  • Ricky L. Farrar
    Vice President-Information Technologies
  • Chad D. PerryChad D. Perry
    Secretary, Executive VP & General Counsel













SKT Stock - Frequently Asked Questions

Should I buy or sell Tanger Factory Outlet Centers stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SKT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKT, but not buy additional shares or sell existing shares.
View SKT analyst ratings
or view top-rated stocks.

What is Tanger Factory Outlet Centers' stock price forecast for 2023?

1 brokers have issued 1 year price targets for Tanger Factory Outlet Centers' shares. Their SKT share price forecasts range from $15.00 to $21.00. On average, they expect the company's share price to reach $18.67 in the next twelve months. This suggests a possible upside of 1.1% 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 beginning of 2023. Since then, SKT shares have increased by 2.9% and is now trading at $18.46.
View the best growth stocks for 2023 here
.

When is Tanger Factory Outlet Centers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 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 Wednesday, February 22nd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13735349".

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) released its earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 earnings per share (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 the consensus estimate of $104.45 million. Tanger Factory Outlet Centers had a trailing twelve-month return on equity of 15.00% and a net margin of 17.44%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business 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 announced a quarterly dividend on Thursday, January 19th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.22 per share on Wednesday, February 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Monday, January 30th.
Read our dividend analysis for SKT
.

Is Tanger Factory Outlet Centers a good dividend stock?

Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.55%. 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 122.22%. 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 47.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKT.

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 investors include Fisher Asset Management LLC (0.52%), Aew Capital Management L P (0.43%), ARS Investment Partners LLC (0.36%), Swiss National Bank (0.24%), Inlet Private Wealth LLC (0.23%) and Nisa Investment Advisors LLC (0.17%). Insiders that own company stock include Carrie A Warren, Chad Perry, Charles Allen Worsham, Steven B Tanger, Thomas Joseph Guerrieri Jr, Thomas Reddin and Virginia R Summerell.
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 $18.46.

How much money does Tanger Factory Outlet Centers make?

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $1.93 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 $0.72 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 2/8/2023 by MarketBeat.com Staff