NYSE:SKT - Tanger Factory Outlet Centers Stock Price, Price Target & More

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$22.48 -0.07 (-0.31 %)
(As of 06/19/2018 10:20 AM ET)
Previous Close$22.52
Today's Range$22.45 - $22.67
52-Week Range$19.86 - $27.88
Volume4,953 shs
Average Volume1.05 million shs
Market Capitalization$2.12 billion
P/E Ratio9.15
Dividend Yield6.24%
Beta0.52
Tanger Factory Outlet Centers logoTanger 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 500 different brand name companies. The Company has more than 37 years experience in the outlet industry. Tanger Outlet Centers continue to attract more than 188 million shoppers annually.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:SKT
CUSIP87546510
Phone336-292-3010

Debt

Debt-to-Equity Ratio2.99
Current Ratio0.05
Quick Ratio0.05

Price-To-Earnings

Trailing P/E Ratio9.15
Forward P/E Ratio9.25
P/E Growth1.78

Sales & Book Value

Annual Sales$488.23 million
Price / Sales4.35
Cash Flow$2.1328 per share
Price / Cash10.54
Book Value$6.48 per share
Price / Book3.47

Profitability

EPS (Most Recent Fiscal Year)$2.46
Net Income$68 million
Net Margins13.85%
Return on Equity10.97%
Return on Assets2.68%

Miscellaneous

Employees640
Outstanding Shares94,540,000

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 Friday, April 13th. Shareholders of record on Monday, April 30th will be given a dividend of $0.35 per share on Tuesday, May 15th. This represents a $1.40 annualized dividend and a yield of 6.22%. The ex-dividend date is Friday, April 27th. This is an increase from Tanger Factory Outlet Centers's previous quarterly dividend of $0.34. 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 has authorized a share repurchase plan on Sunday, June 4th 2017, which authorizes the company to repurchase $125,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 54% of its shares through open market purchases. Shares repurchase plans are usually an indication 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) posted its earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by $0.34. The real estate investment trust had revenue of $123.50 million for the quarter, compared to analysts' expectations of $120.93 million. Tanger Factory Outlet Centers had a net margin of 13.85% and a return on equity of 10.97%. The company's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. 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, July, 30th 2018. View Earnings Estimates for Tanger Factory Outlet Centers.

What price target have analysts set for SKT?

6 brokerages have issued 12-month target prices for Tanger Factory Outlet Centers' stock. Their forecasts range from $19.00 to $25.50. On average, they expect Tanger Factory Outlet Centers' share price to reach $23.70 in the next twelve months. View Analyst Ratings for Tanger Factory Outlet Centers.

What are Wall Street analysts saying about Tanger Factory Outlet Centers stock?

Here are some recent quotes from research analysts about Tanger Factory Outlet Centers stock:
  • 1. According to Zacks Investment Research, "Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers. Since entering the factory outlet center business, they have become one of the largest owners and operators of factory outlet centers in the United States. " (5/8/2018)
  • 2. Boenning Scattergood analysts commented, "We continue to rate SKT Neutral as the company has a solid balance sheet, but the lack of underlying growth and development will result in poor earnings momentum during 2018." (2/15/2018)

Who are some of Tanger Factory Outlet Centers' key competitors?

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 69)
  • Mr. Thomas E. McDonough, Pres & COO (Age 60)
  • Mr. James F. Williams CPA, Sr. VP & CFO (Age 53)
  • Mr. Chad D. Perry, Exec. VP, Gen. Counsel & Sec. (Age 46)
  • Ms. Lisa J. Morrison, Sr. VP of Leasing (Age 58)

Has Tanger Factory Outlet Centers been receiving favorable news coverage?

Media stories about SKT stock have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tanger Factory Outlet Centers earned a media sentiment score of 0.15 on Accern's scale. They also assigned press coverage about the real estate investment trust an impact score of 46.55 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Who are Tanger Factory Outlet Centers' major shareholders?

Tanger Factory Outlet Centers' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.61%), Principal Financial Group Inc. (8.72%), Principal Financial Group Inc. (8.72%), Ceredex Value Advisors LLC (3.08%), Millennium Management LLC (2.23%) and Foresters Investment Management Company Inc. (1.85%). Company insiders that own Tanger Factory Outlet Centers stock include Allan L Schuman, Carrie A Geldner, Carrie A Warren, Chad Perry, Charles Allen Worsham, Jeffrey B Citrin, Lisa J Morrison, Thomas E Mcdonough, Virginia R Summerell and William G Benton. 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 Brookfield Asset Management Inc., Crawford Investment Counsel Inc., Russell Investments Group Ltd., JPMorgan Chase & Co., Wedge Capital Management L L P NC, WINTON GROUP Ltd, CT Mason and Rhumbline Advisers. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Geldner, Carrie A Warren, Charles Allen Worsham, Thomas E Mcdonough and Virginia R Summerell. View Insider Buying and Selling for Tanger Factory Outlet Centers.

Which institutional investors are buying Tanger Factory Outlet Centers stock?

SKT stock was purchased by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Millennium Management LLC, Principal Financial Group Inc., Principal Financial Group Inc., Landscape Capital Management L.L.C., Hsbc Holdings PLC, Point72 Asset Management L.P. and BlackRock Inc.. 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 $22.49.

How big of a company is Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers has a market capitalization of $2.12 billion and generates $488.23 million in revenue each year. The real estate investment trust earns $68 million in net income (profit) each year or $2.46 on an earnings per share basis. Tanger Factory Outlet Centers employs 640 workers across the globe.

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 (SKT)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  245 (Vote Outperform)
Underperform Votes:  331 (Vote Underperform)
Total Votes:  576
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 6/19/2018 by MarketBeat.com Staff

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