Tanger Factory Outlet Centers, Inc. (SKT)

Market Cap	2.85B
Revenue (ttm)	478.84M
Net Income (ttm)	98.02M
Shares Out	109.35M
EPS (ttm)	0.91
PE Ratio	28.67
Forward PE	32.98
Dividend	$1.10 (4.22%)
Ex-Dividend Date	Apr 29, 2024

Volume	1,654,308
Open	26.39
Previous Close	26.26
Day's Range	25.94 - 26.45
52-Week Range	21.42 - 29.98
Beta	1.80
Analysts	Buy
Price Target	27.89 (+6.9%)
Earnings Date	Aug 1, 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 9 analysts, the average rating for SKT stock is "Buy." The 12-month stock price forecast is $27.89, which is an increase of 6.90% from the latest price.

Price Target

$27.89

(6.90% upside)

Analyst Consensus: Buy