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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SKT shares.
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1 Wall Street research analysts have issued 1 year target prices for Tanger Factory Outlet Centers' shares. Their SKT share price forecasts range from $21.00 to $21.00. On average, they predict the company's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price.
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Tanger Factory Outlet Centers' stock was trading at $19.28 at the start of the year. Since then, SKT stock has decreased by 8.8% and is now trading at $17.58.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our SKT earnings forecast.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) released its quarterly earnings data on Monday, August, 8th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.42 by $0.23. The real estate investment trust had revenue of $105.84 million for the quarter, compared to the consensus estimate of $104.45 million. Tanger Factory Outlet Centers had a trailing twelve-month return on equity of 8.55% and a net margin of 9.75%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share.

Tanger Factory Outlet Centers declared a quarterly dividend on Friday, July 15th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.20 per share on Monday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Thursday, July 28th.
Read our dividend analysis for SKT.

Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 4.49%. SKT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 205.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SKT will have a dividend payout ratio of 44.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKT.

Tanger Factory Outlet Centers issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of $1.73-$1.79 for the period. The company issued revenue guidance of -.

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

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).

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 investors include Northern Trust Corp (1.78%), FMR LLC (1.39%), Granite Investment Partners LLC (0.85%), Principal Financial Group Inc. (0.63%), Royce & Associates LP (0.60%) and UBS Asset Management Americas Inc. (0.46%). Insiders that own company 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.
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Shares of SKT stock 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.
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One share of SKT stock can currently be purchased for approximately $17.58.

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $1.83 billion and generates $426.52 million in revenue each year. The real estate investment trust earns $9.12 million in net income (profit) each year or $0.39 on an earnings per share basis.

The company employs 310 workers across the globe.

Tanger Factory Outlet Centers' mailing address is 3200 NORTHLINE AVENUE SUITE 360, GREENSBORO NC, 27408. The official website for the company is www.tangeroutlet.com. The real estate investment trust can be reached via phone at (336) 292-3010, via email at tangerir@tangeroutlet.com, or via fax at 336-852-2096.