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

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 stock has decreased by 39.5% and is now trading at $5.85. View which stocks have been mosted impacted by Coronavirus.

4 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 1 hold rating 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 Monday, May 4th 2020. View our earnings forecast for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) posted its quarterly earnings results on Monday, January, 27th. The real estate investment trust reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.56 by $0.69. The real estate investment trust had revenue of $120.50 million for the quarter, compared to the consensus estimate of $117.25 million. Tanger Factory Outlet Centers had a return on equity of 17.71% and a net margin of 18.28%. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 earnings per share. View Tanger Factory Outlet Centers' earnings history.

Tanger Factory Outlet Centers declared a quarterly dividend on Tuesday, January 28th. Stockholders 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 dividend yield of 24.44%. The ex-dividend date is Wednesday, April 29th. This is a positive change from Tanger Factory Outlet Centers's previous quarterly dividend of $0.36. View Tanger Factory Outlet Centers' dividend history.

Tanger Factory Outlet Centers updated its FY20 earnings guidance on Monday, January, 27th. The company provided EPS guidance of $1.96-2.04 for the period, compared to the Thomson Reuters consensus estimate of $2.16.

4 analysts have issued twelve-month price objectives for Tanger Factory Outlet Centers' shares. Their forecasts range from $5.50 to $16.00. On average, they anticipate Tanger Factory Outlet Centers' stock price to reach $12.13 in the next twelve months. This suggests a possible upside of 107.3% from the stock's current price. View analysts' price targets for Tanger Factory Outlet Centers.

News articles about SKT stock have been trending somewhat positive recently, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Tanger Factory Outlet Centers earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutTanger Factory Outlet Centers.

Tanger Factory Outlet Centers saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 44,724,000 shares, a decrease of 5.7% from the February 27th total of 47,440,000 shares. Based on an average daily volume of 5,230,000 shares, the days-to-cover ratio is presently 8.6 days. Approximately 49.3% of the shares of the company are sold short. View Tanger Factory Outlet Centers' Current Options Chain.

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

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), Verizon Communications (VZ), AbbVie (ABBV), Delta Air Lines (DAL), Exxon Mobil (XOM), ANNALY CAP MGMT/SH (NLY), Simon Property Group (SPG), Cisco Systems (CSCO) 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 many different retail and institutional investors. Top institutional investors include State Street Corp (31.91%), Bank of New York Mellon Corp (2.48%), Marathon Asset Management LLP (2.44%), Ceredex Value Advisors LLC (2.20%), Charles Schwab Investment Management Inc. (1.90%) and ProShare Advisors LLC (1.84%). 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 Schroder Investment Management Group, Victory Capital Management Inc., Ceredex Value Advisors LLC, Marathon Asset Management LLP, Victory Capital Management Inc., AR Asset Management Inc., Walthausen & Co. LLC, and Bank of Montreal Can. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Warren, Chad Perry, Charles Allen Worsham, Thomas Joseph Guerrieri Jr, 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 State Street Corp, Norges Bank, LSV Asset Management, Miller Howard Investments Inc. NY, Bank of New York Mellon Corp, Chicago Equity Partners LLC, Cipher Capital LP, and ProShare Advisors LLC. 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 $5.85.

Tanger Factory Outlet Centers has a market capitalization of $543.41 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. View additional information about Tanger Factory Outlet Centers.

The official website for Tanger Factory Outlet Centers is http://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]