Tanger Factory Outlet Centers, Inc. (SKT)

Market Cap	3.16B
Revenue (ttm)	478.84M
Net Income (ttm)	98.02M
Shares Out	109.35M
EPS (ttm)	0.91
PE Ratio	31.77
Forward PE	35.34
Dividend	$1.10 (3.81%)
Ex-Dividend Date	Apr 29, 2024

Volume	1,048,096
Open	28.16
Previous Close	27.82
Day's Range	28.00 - 28.94
52-Week Range	19.09 - 29.98
Beta	1.80
Analysts	Buy
Price Target	27.88 (-3.56%)
Earnings Date	Apr 30, 2024

About SKT

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores op...

• Industry: REIT - Retail
• Sector: Real Estate
• IPO Date: May 27, 1993
• Employees: 407
• Stock Exchange: NYSE
• Ticker Symbol: SKT

Financial Performance

In 2023, SKT's revenue was $464.41 million, an increase of 4.92% compared to the previous year's $442.61 million. Earnings were $99.15 million, an increase of 20.82%.

Analyst Forecast

According to 8 analysts, the average rating for SKT stock is "Buy." The 12-month stock price forecast is $27.88, which is a decrease of -3.56% from the latest price.

Price Target

$27.88

(-3.56% downside)

Analyst Consensus: Buy