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

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

Tanger Factory Outlet Centers announced 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 dividend on an annualized basis and a dividend yield of 11.26%. The ex-dividend date of this dividend 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.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) announced its earnings results on Monday, January, 27th. The real estate investment trust reported ($0.13) earnings per share 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 analyst estimates of $117.25 million. Tanger Factory Outlet Centers had a return on equity of 17.27% and a net margin of 18.28%. The business's revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. View Tanger Factory Outlet Centers' Earnings History.

Tanger Factory Outlet Centers is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers issued an update on 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 earnings per share estimate of $2.16.

4 analysts have issued 12-month price objectives for Tanger Factory Outlet Centers' shares. Their forecasts range from $12.00 to $27.00. On average, they expect Tanger Factory Outlet Centers' share price to reach $17.50 in the next year. This suggests a possible upside of 37.8% from the stock's current price. View Analyst Price Targets for Tanger Factory Outlet Centers.

4 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, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tanger Factory Outlet Centers.

Press coverage about SKT stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing 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 -3.4 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Tanger Factory Outlet Centers.

Tanger Factory Outlet Centers saw a increase in short interest in January. As of January 31st, there was short interest totalling 55,120,000 shares, an increase of 5.1% from the January 15th total of 52,450,000 shares. Based on an average daily trading volume, of 3,600,000 shares, the days-to-cover ratio is presently 15.3 days. Currently, 60.7% 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), National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Kimco Realty (KIM), Weingarten Realty Investors (WRI), Macerich (MAC), Agree Realty (ADC), Taubman Centers (TCO), Retail Properties of America (RPAI), Acadia Realty Trust (AKR), Retail Opportunity Investments (ROIC), Alexander's (ALX) and Kite Realty Group Trust (KRG).

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), Delta Air Lines (DAL), Enterprise Products Partners (EPD), AbbVie (ABBV), Simon Property Group (SPG), Exxon Mobil (XOM), Cisco Systems (CSCO), Iron Mountain (IRM) and Altria Group (MO).

Tanger Factory Outlet Centers' stock is owned by a variety of of institutional and retail 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 E Mcdonough, 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, Thomas Joseph Guerrieri Jr and Virginia R Summerell. View Insider Buying and Selling for Tanger Factory Outlet Centers.

SKT stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, LSV Asset Management, Miller Howard Investments Inc. NY, Bank of New York Mellon Corp, Chicago Equity Partners LLC, Cipher Capital LP, ProShare Advisors LLC and Charles Schwab Investment Management 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 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 $12.70.

Tanger Factory Outlet Centers has a market capitalization of $1.18 billion and generates $478.35 million in revenue each year. The real estate investment trust earns $86.52 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]