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

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$20.0150 +0.07 (+0.35 %)
(As of 03/19/2019 01:33 PM ET)
Previous Close$19.95
Today's Range$20.00 - $20.21
52-Week Range$19.76 - $24.91
Volume429,211 shs
Average Volume1.12 million shs
Market Capitalization$1.88 billion
P/E Ratio8.07
Dividend Yield6.94%
Beta0.78
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 44 upscale outlet shopping centers. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.3 million square feet leased to over 3,100 stores operated by more than 530 different brand name companies. The Company has more than 37 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 189 million shoppers annually. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission that includes a supplemental information package for the quarter ended September 30, 2018.

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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$1.9044 per share
Book Value$5.38 per share

Profitability

Net Income$43.65 million

Miscellaneous

EmployeesN/A
Market Cap$1.88 billion
Next Earnings Date5/6/2019 (Confirmed)
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, February 14th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.355 per share on Wednesday, May 15th. This represents a $1.42 annualized dividend and a dividend yield of 7.09%. The ex-dividend date is Monday, April 29th. This is a positive change from Tanger Factory Outlet Centers's previous quarterly dividend of $0.35. View Tanger Factory Outlet Centers' Dividend History.

How will Tanger Factory Outlet Centers' stock buyback program work?

Tanger Factory Outlet Centers announced that its Board of Directors has approved a stock repurchase plan on Sunday, June 4th 2017, which allows the company to repurchase $125,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 54% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers Inc. (NYSE:SKT) announced its quarterly earnings results on Wednesday, February, 13th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.62 by $0.42. The real estate investment trust earned $124.03 million during the quarter, compared to analysts' expectations of $121.44 million. Tanger Factory Outlet Centers had a return on equity of 7.88% and a net margin of 8.76%. 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 Monday, May 6th 2019. View Earnings Estimates for Tanger Factory Outlet Centers.

How can I listen to Tanger Factory Outlet Centers' earnings call?

Tanger Factory Outlet Centers will be holding an earnings conference call on Tuesday, May 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8772775113.

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

Tanger Factory Outlet Centers updated its FY earnings guidance on Wednesday, February, 13th. The company provided EPS guidance of $2.31-2.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.39.

What price target have analysts set for SKT?

5 brokers have issued 1-year price targets for Tanger Factory Outlet Centers' stock. Their predictions range from $19.00 to $23.00. On average, they anticipate Tanger Factory Outlet Centers' stock price to reach $21.3333 in the next twelve months. This suggests a possible upside of 6.6% 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 and 2 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Tanger Factory Outlet Centers.

Has Tanger Factory Outlet Centers been receiving favorable news coverage?

News coverage about SKT stock has been trending somewhat negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an effect on the company's share price in the next several days.

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), Cisco Systems (CSCO), Intel (INTC), Ford Motor (F), Omega Healthcare Investors (OHI), Ventas (VTR), Realty Income (O), Johnson & Johnson (JNJ) and Iron Mountain (IRM).

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. Chad D. Perry, Exec. VP, Gen. Counsel & Sec. (Age 47)
  • 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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.54%), Principal Financial Group Inc. (6.88%), Ceredex Value Advisors LLC (2.71%), Northern Trust Corp (1.95%), Bank of New York Mellon Corp (1.70%) and Dimensional Fund Advisors LP (1.60%). Company insiders that own Tanger Factory Outlet Centers stock include Allan L Schuman, 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 Principal Financial Group Inc., First Manhattan Co., Hsbc Holdings PLC, Bank of New York Mellon Corp, Wedge Capital Management L L P NC, Northern Trust Corp, Stifel Financial Corp and SG Americas Securities 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 and Thomas Joseph Guerrieri Jr. 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 Norges Bank, Oregon Public Employees Retirement Fund, LSV Asset Management, Millennium Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, O Brien Greene & Co. Inc, Mackenzie Financial 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 $20.0150.

How big of a company is Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers has a market capitalization of $1.88 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.

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:  308 (Vote Outperform)
Underperform Votes:  395 (Vote Underperform)
Total Votes:  703
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 3/19/2019 by MarketBeat.com Staff

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