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

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 stock has decreased by 30.5% and is now trading at $6.72. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 4 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers will be holding an earnings conference call on Wednesday, August 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) released its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($0.30) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.52 by $0.82. The real estate investment trust earned $108.56 million during the quarter, compared to the consensus estimate of $110.37 million. Tanger Factory Outlet Centers had a negative return on equity of 0.39% and a negative net margin of 0.38%. View Tanger Factory Outlet Centers' earnings history.

Tanger Factory Outlet Centers announced a quarterly dividend on Tuesday, January 28th. Shareholders 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 annualized dividend and a yield of 21.28%. The ex-dividend date is Wednesday, April 29th. This is an increase from Tanger Factory Outlet Centers's previous quarterly dividend of $0.36. View Tanger Factory Outlet Centers' dividend history.

6 Wall Street analysts have issued 12 month target prices for Tanger Factory Outlet Centers' shares. Their forecasts range from $3.00 to $8.00. On average, they anticipate Tanger Factory Outlet Centers' share price to reach $6.12 in the next year. This suggests that the stock has a possible downside of 9.0%. View analysts' price targets for Tanger Factory Outlet Centers.

Press coverage about SKT stock has trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tanger Factory Outlet Centers earned a news impact score of -3.2 on InfoTrie's scale. They also gave media headlines 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 impact on the stock's share price in the next several days. View the latest news about Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers saw a increase in short interest in June. As of June 30th, there was short interest totaling 51,400,000 shares, an increase of 6.2% from the June 15th total of 48,420,000 shares. Based on an average trading volume of 4,280,000 shares, the days-to-cover ratio is presently 12.0 days. Approximately 56.6% of the company's shares are sold short. View Tanger Factory Outlet Centers' Current Options Chain.

Some companies that are related to Tanger Factory Outlet Centers include Simon Property Group (SPG), Realty Income (O), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Agree Realty (ADC), Taubman Centers (TCO), Weingarten Realty Investors (WRI), Retail Properties of America (RPAI), Getty Realty (GTY), Alexander's (ALX), Macerich (MAC), Retail Opportunity Investments (ROIC) and Acadia Realty Trust (AKR). View all competitors.

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).

Tanger Factory Outlet Centers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKT."

Tanger Factory Outlet Centers' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include O Keefe Stevens Advisory Inc. (0.39%), 6 Meridian (0.02%) and TRUE Private Wealth Advisors (0.01%). 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.

SKT stock was sold by a variety of institutional investors in the last quarter, including 6 Meridian. 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.

SKT stock was purchased by a variety of institutional investors in the last quarter, including O Keefe Stevens Advisory Inc., and TRUE Private Wealth Advisors. 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.

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.

One share of SKT stock can currently be purchased for approximately $6.72.

Tanger Factory Outlet Centers has a market capitalization of $628.12 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.

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

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]