NYSE:SKT

Tanger Factory Outlet Centers Stock Forecast, Price & News

$17.59
+0.78 (+4.64 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
$16.72
$17.63
50-Day Range
$14.89
$18.47
52-Week Range
$5.05
$22.40
Volume1.31 million shs
Average Volume4.61 million shs
Market Capitalization$1.77 billion
P/E RatioN/A
Dividend Yield4.22%
Beta2.1
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP87546510
Phone336-292-3010
Employees262
Year FoundedN/A

Sales & Book Value

Annual Sales$478.35 million
Cash Flow$3.48 per share
Book Value$4.91 per share

Profitability

Net Income$87.86 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$1.77 billion
Next Earnings Date8/4/2021 (Estimated)
OptionableOptionable

Headlines

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Tanger Factory Outlet Centers logo

About Tanger Factory Outlet Centers

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.

MarketRank

Overall MarketRank

1.73 out of 5 stars

Finance Sector

408th out of 1,951 stocks

Real Estate Investment Trusts Industry

98th out of 274 stocks

Analyst Opinion: 0.8Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Tanger Factory Outlet Centers (NYSE:SKT) Frequently Asked Questions

Is Tanger Factory Outlet Centers a buy right now?

5 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 3 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 top-rated stocks.

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 Wednesday, August 4th 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) released its quarterly earnings results on Wednesday, May, 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by $0.32. Tanger Factory Outlet Centers had a negative trailing twelve-month return on equity of 0.82% and a negative net margin of 0.76%.
View Tanger Factory Outlet Centers' earnings history
.

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

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. Since then, SKT shares have increased by 81.9% and is now trading at $17.59.
View which stocks have been most impacted by COVID-19
.

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 Monday, April 12th. Stockholders of record on Friday, April 30th will be given a dividend of $0.177 per share on Friday, May 14th. This represents a $0.71 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, April 29th.
View Tanger Factory Outlet Centers' dividend history
.

Is Tanger Factory Outlet Centers a good dividend stock?

Tanger Factory Outlet Centers pays an annual dividend of $0.71 per share and currently has a dividend yield of 4.22%. SKT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Tanger Factory Outlet Centers does not yet have a strock track record of dividend growth. The dividend payout ratio of Tanger Factory Outlet Centers is 31.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Tanger Factory Outlet Centers will have a dividend payout ratio of 48.97% next year. This indicates that Tanger Factory Outlet Centers will be able to sustain or increase its dividend.
View Tanger Factory Outlet Centers' dividend history.

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

Tanger Factory Outlet Centers issued an update on its FY22 earnings guidance on Wednesday, May, 5th. The company provided earnings per share guidance of $1.47 to $1.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.54.

What price target have analysts set for SKT?

5 Wall Street analysts have issued 1-year price objectives for Tanger Factory Outlet Centers' shares. Their forecasts range from $6.50 to $12.50. On average, they expect Tanger Factory Outlet Centers' stock price to reach $9.25 in the next year. This suggests that the stock has a possible downside of 47.4%.
View analysts' price targets for Tanger Factory Outlet Centers
or view top-rated stocks among Wall Street analysts.

Who are Tanger Factory Outlet Centers' key executives?

Tanger Factory Outlet Centers' management team includes the following people:
  • Mr. Steven B. Tanger, Exec. Chair of the Board (Age 72, Pay $1.62M)
  • Mr. Stephen J. Yalof, Pres, CEO & Director (Age 58, Pay $1.96M)
  • Mr. James F. Williams CPA, Exec. VP & CFO (Age 56, Pay $647.43k)
  • Mr. Chad D. Perry J.D., Exec. VP, Sec. & Gen. Counsel (Age 49, Pay $665k)
  • Ms. Lisa J. Morrison, Exec. VP of Leasing (Age 61, Pay $385.31k)
  • Ms. Leslie A. Swanson Gallardo, Exec. VP of Operations (Age 50)
  • Mr. Thomas J. Guerrieri Jr., Sr. VP & Chief Accounting Officer (Age 48)
  • Ms. Cyndi M. Holt, Sr. VP of Fin. & Investor Relations
  • Ms. Carrie A. Warren, Exec. VP & Chief Marketing Officer (Age 58)
  • Beth G. Lippincott, Sr. VP of Leasing & Strategic Planning

What is Steven B. Tanger's approval rating as Tanger Factory Outlet Centers' CEO?

19 employees have rated Tanger Factory Outlet Centers CEO Steven B. Tanger on Glassdoor.com. Steven B. Tanger has an approval rating of 98% among Tanger Factory Outlet Centers' employees. This puts Steven B. Tanger in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.37%), LSV Asset Management (1.84%), Marathon Asset Management LLP (1.62%), Investment Management Associates Inc. ADV (0.56%), O Keefe Stevens Advisory Inc. (0.44%) and Rhumbline Advisers (0.37%). 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 New York State Teachers Retirement System, Marathon Asset Management LLP, Commonwealth Equity Services LLC, Pensionfund DSM Netherlands, Amica Mutual Insurance Co., Virginia Retirement Systems ET AL, Sumitomo Mitsui Trust Holdings Inc., and Advisors Asset Management Inc.. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Warren, Thomas Joseph Guerrieri Jr, and Thomas Reddin.
View insider buying and selling activity for Tanger Factory Outlet Centers
or view top insider-selling stocks.

Which institutional investors are buying Tanger Factory Outlet Centers stock?

SKT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., LSV Asset Management, Nisa Investment Advisors LLC, AR Asset Management Inc., Inlet Private Wealth LLC, Alberta Investment Management Corp, BNP Paribas Arbitrage SA, and Migdal Insurance & Financial Holdings Ltd.. 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
or or view top insider-buying 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.
Compare Top Brokerages Here.

What is Tanger Factory Outlet Centers' stock price today?

One share of SKT stock can currently be purchased for approximately $17.59.

How much money does Tanger Factory Outlet Centers make?

Tanger Factory Outlet Centers has a market capitalization of $1.77 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.

How many employees does Tanger Factory Outlet Centers have?

Tanger Factory Outlet Centers employs 262 workers across the globe.

What is Tanger Factory Outlet Centers' official website?

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

Where are Tanger Factory Outlet Centers' headquarters?

Tanger Factory Outlet Centers is headquartered at 3200 NORTHLINE AVENUE SUITE 360, GREENSBORO NC, 27408.

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 5/9/2021 by MarketBeat.com Staff
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