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 reached pandemic status according to the World Health Organization (WHO). Since then, SKT shares have decreased by 34.0% and is now trading at $6.38. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 2 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 Wednesday, July 29th 2020. View our earnings forecast for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) released its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by $0.82. The real estate investment trust earned $108.56 million during the quarter, compared to analyst estimates 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. Investors 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 dividend on an annualized basis and a yield of 22.41%. The ex-dividend date of this dividend 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.

3 analysts have issued 1-year price targets for Tanger Factory Outlet Centers' stock. Their forecasts range from $3.00 to $5.50. On average, they expect Tanger Factory Outlet Centers' share price to reach $4.33 in the next year. This suggests that the stock has a possible downside of 32.1%. View analysts' price targets for Tanger Factory Outlet Centers.

News articles about SKT stock have trended positive recently, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tanger Factory Outlet Centers earned a daily sentiment score of 2.2 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutTanger Factory Outlet Centers.

Tanger Factory Outlet Centers saw a increase in short interest in May. As of May 15th, there was short interest totaling 48,480,000 shares, an increase of 7.8% from the April 30th total of 44,980,000 shares. Based on an average trading volume of 4,320,000 shares, the short-interest ratio is currently 11.2 days. Approximately 53.6% of the shares of the stock 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), Agree Realty (ADC), Taubman Centers (TCO), Weingarten Realty Investors (WRI), Alexander's (ALX), Retail Properties of America (RPAI), Getty Realty (GTY), Retail Opportunity Investments (ROIC), Acadia Realty Trust (AKR) and Macerich (MAC). 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 BlackRock Inc. (17.44%), State Street Corp (5.68%), Marathon Asset Management LLP (2.37%), Bank of New York Mellon Corp (1.95%), Geode Capital Management LLC (1.78%) and Invesco Ltd. (1.17%). 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 State Street Corp, Nuveen Asset Management LLC, Bank of New York Mellon Corp, JPMorgan Chase & Co., Morgan Stanley, Morgan Stanley, WINTON GROUP Ltd, and AXA. 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 BlackRock Inc., Legion Partners Asset Management LLC, Advisor Group Holdings Inc., Principal Financial Group Inc., Public Sector Pension Investment Board, Legal & General Group Plc, Voloridge Investment Management LLC, and Federated Hermes Inc.. 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 $6.38.

Tanger Factory Outlet Centers has a market capitalization of $596.31 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]