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NYSE:SKT

Tanger Factory Outlet Centers Stock Forecast, Price & News

$12.62
-0.18 (-1.41 %)
(As of 01/15/2021 12:00 AM ET)
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Compare
Today's Range
$12.33
Now: $12.62
$12.81
50-Day Range
$9.45
MA: $10.51
$11.68
52-Week Range
$4.05
Now: $12.62
$16.84
Volume2.95 million shs
Average Volume3.05 million shs
Market Capitalization$1.18 billion
P/E Ratio180.31
Dividend YieldN/A
Beta1.78
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended September 30, 2020.
Tanger Factory Outlet Centers logo

MarketRank

Overall MarketRank

1.19 out of 5 stars

Finance Sector

845th out of 1,651 stocks

Real Estate Investment Trusts Industry

181st out of 253 stocks

Analyst Opinion: 0.8Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP87546510
Phone336-292-3010
Employees285

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$478.35 million
Cash Flow$4.74 per share
Book Value$4.91 per share

Profitability

Net Income$87.86 million

Miscellaneous

Market Cap$1.18 billion
Next Earnings Date1/25/2021 (Estimated)
OptionableOptionable
$12.62
-0.18 (-1.41 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

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

Tanger Factory Outlet Centers' stock was trading at $9.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SKT shares have increased by 30.5% and is now trading at $12.62.
View which stocks have been most impacted by COVID-19
.

Is Tanger Factory Outlet Centers a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Tanger Factory Outlet Centers stock. 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 analyst ratings for Tanger Factory Outlet Centers
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Tanger Factory Outlet Centers?

Wall Street analysts have given Tanger Factory Outlet Centers a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Tanger Factory Outlet Centers wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Tanger Factory Outlet Centers' next earnings date?

Tanger Factory Outlet Centers is scheduled to release its next quarterly earnings announcement on Monday, January 25th 2021.
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) issued its earnings results on Monday, May, 11th. The real estate investment trust reported ($0.30) earnings per share (EPS) 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 the consensus estimate of $110.37 million. Tanger Factory Outlet Centers had a return on equity of 1.83% and a net margin of 1.80%.
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 declared a quarterly dividend on Friday, January 15th. Investors of record on Friday, January 29th will be given a dividend of $0.1775 per share on Friday, February 12th. This represents a $0.71 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend is Thursday, January 28th.
View Tanger Factory Outlet Centers' dividend history
.

What price target have analysts set for SKT?

6 equities research analysts have issued 12 month target prices for Tanger Factory Outlet Centers' stock. Their forecasts range from $3.00 to $10.50. On average, they anticipate Tanger Factory Outlet Centers' stock price to reach $7.40 in the next year. This suggests that the stock has a possible downside of 41.4%.
View analysts' price targets for Tanger Factory Outlet Centers
or view Wall Street analyst' top-rated stocks.

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), 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).

Who are Tanger Factory Outlet Centers' key executives?

Tanger Factory Outlet Centers' management team includes the following people:
  • Mr. Steven B. Tanger, Exec. Chair (Age 72, Pay $2.91M)
  • Mr. James F. Williams CPA, Exec. VP & CFO (Age 56, Pay $950.1k)
  • Mr. Chad D. Perry J.D., Exec. VP, Gen. Counsel & Sec. (Age 49, Pay $1.05M)
  • Ms. Lisa J. Morrison, Exec. VP of Leasing (Age 61, Pay $578.49k)
  • Mr. Stephen J. Yalof, Pres, CEO & Director
  • Mr. Thomas J. Guerrieri Jr., VP, Chief Accounting Officer & Controller (Age 48)
  • Ms. Cyndi M. Holt, VP of Investor Relations
  • Mr. Quentin N. Pell, VP of Corp. Communications & Enterprise Risk Management
  • Ms. Carrie A. Warren, Sr. VP, Marketing & Chief Marketing Officer (Age 58)
  • Ms. Mary Anne Williams, VP of HR

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 O Keefe Stevens Advisory Inc. (0.44%) and State of Alaska Department of Revenue (0.11%). Company insiders that own Tanger Factory Outlet Centers stock include Carrie A Warren, Chad Perry, Charles Allen Worsham, 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 institutional investors are selling Tanger Factory Outlet Centers stock?

SKT stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and O Keefe Stevens Advisory Inc.. 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
or view top insider-selling stocks.

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 WeBull, 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 $12.62.

How big of a company is Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers has a market capitalization of $1.18 billion 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 1/15/2021 by MarketBeat.com Staff

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