Tanger Factory Outlet Centers, Inc. (SKT)

NYSE: SKT · IEX Real-Time Price · USD
13.70
+0.08 (0.59%)
Sep 27, 2022 4:00 PM EDT - Market closed
0.59%
Market Cap 1.50B
Revenue (ttm) 439.26M
Net Income (ttm) 42.93M
Shares Out 109.13M
EPS (ttm) 0.40
PE Ratio 34.25
Forward PE 17.42
Dividend $0.77 (5.58%)
Ex-Dividend Date Jul 28, 2022
Volume 1,026,235
Open 13.84
Previous Close 13.62
Day's Range 13.39 - 13.84
52-Week Range 13.26 - 22.51
Beta 1.71
Analysts Sell
Price Target 17.34 (+26.6%)
Earnings Date Nov 2, 2022

About SKT

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT. Tanger is furnishing a Form 8-K with the Securities and E... [Read more...]

Industry Equity Real Estate Investment Trusts (REITs)
IPO Date May 27, 1993
CEO Stephen Yalof
Employees 310
Stock Exchange NYSE
Ticker Symbol SKT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for SKT stock is "Sell." The 12-month stock price forecast is 17.34, which is an increase of 26.57% from the latest price.

Price Target
$17.34
(26.57% upside)
Analyst Consensus: Sell
Stock Forecasts

News

7 Small-Cap Stocks to Buy During a Stock Market Crash

Small-cap stocks might seem to be even riskier than usual right now. The Federal Reserve delivered equity investors another killer blow last week, raising interest rates by another 75 basis points, fore...

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1 day ago - InvestorPlace

Tanger Outlets Appoints Michael Bilerman as EVP, Chief Financial Officer and Chief Investment Officer

GREENSBORO, N.C. , Sept. 19, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale, open-air outlet centers, announced today the appointment of Michael Bile...

1 week ago - PRNewsWire

SKT or EQIX: Which Is the Better Value Stock Right Now?

SKT vs. EQIX: Which Stock Is the Better Value Option?

Other symbols: EQIX
1 week ago - Zacks Investment Research

Jim Cramer says these 5 real estate stocks are attractive investment opportunities

"While most retail stocks are horrible right now

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1 week ago - CNBC

3 Top REITs to Recession-Proof Your Portfolio

If the economy gets worse, these income-generating investments may be able to weather the storm.

Other symbols: LSIO
2 weeks ago - The Motley Fool

SKT vs. EQIX: Which Stock Is the Better Value Option?

SKT vs. EQIX: Which Stock Is the Better Value Option?

Other symbols: EQIX
4 weeks ago - Zacks Investment Research

Tanger Outlets Adds New Collection of Diverse Brands to Retail Portfolio

Outlet leader's leasing strategy attracts notable lineup of differentiated and digitally native labels GREENSBORO, N.C. , Aug. 23, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a...

1 month ago - PRNewsWire

Tanger Outlet Centers Schedules Third Quarter 2022 Earnings Release and Conference Call

GREENSBORO, N.C. , Aug. 19, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, announced today that its financial results for th...

1 month ago - PRNewsWire

Average unit of retail is going down in our outlet centers, says Tanger Outlets CEO

Stephen Yalof, Tanger Outlets CEO, joins 'Squawk on the Street' to discuss the state of the consumer from Yalof's perspective, any good deals on products, and when retailers begin to change operations a...

1 month ago - CNBC Television

Tanger Factory Outlet (SKT) Q2 FFO and Revenues Beat Estimates

Tanger (SKT) delivered FFO and revenue surprises of 7.14% and 1.53%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Tanger Outlets Releases 2021 Environmental, Social and Governance Report

Industry Leader Continues Its Emphasis on Supporting People, Community and Planet GREENSBORO, N.C. , Aug. 8, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc.

1 month ago - PRNewsWire

TANGER REPORTS SECOND QUARTER RESULTS

Drives Blended Rent Spreads of 4.1% Grows Occupancy by 170 Basis Points to 94.9% Raises Midpoint of Guidance GREENSBORO, N.C. , Aug. 8, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT...

1 month ago - PRNewsWire

Tanger Outlets Celebrates Back-to-School with Best Deals of the Season, starting July 28

TangerStyle offers deepest savings on fresh fall looks, exclusive TangerClub benefits and elevated TangerKids grant program GREENSBORO, N.C. , July 28, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers...

1 month ago - PRNewsWire

Is Tanger Factory Outlet Centers Stock a Buy?

Could this REIT be a recession-resistant investment?

2 months ago - The Motley Fool

Tanger Declares Dividend Payable August 15, 2022

GREENSBORO, N.C. , July 15, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT), a leading operator of upscale open-air outlet centers, announced today that its Board of Directors declar...

2 months ago - PRNewsWire

3 Dividend Stocks That Are Dirt Cheap Right Now

All three of these have been beaten down but are great long-term investments.

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2 months ago - The Motley Fool

We're seeing a lot more product moving through the stores, says Tanger Outlets CEO

Stephen Yalof, Tanger Outlets CEO, joins 'Squawk on the Street' to discuss what Yalof is seeing from the consumer in retail shopping, what inventory levels will look like in the coming months, and more.

2 months ago - CNBC Television

Down 34%, This Retail Stock Is a Major Bargain

This real estate investment trust has been impressive over the past couple of years.

3 months ago - The Motley Fool

Tanger Outlet Centers Schedules Second Quarter 2022 Earnings Release and Conference Call

GREENSBORO, N.C. , June 16, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, announced today that its financial results for th...

3 months ago - PRNewsWire

Tanger is Officially Back on the Dividend Growth Path

Tanger has turned an important corner, and is rewarding investors as it starts to get back to growth.

3 months ago - The Motley Fool

Tanger Factory Outlet CFO James Williams is out effective July 1

Tanger Factory Outlet Centers Inc. said Monday it has notified its chief financial officer that he would no longer serve in that role, nor as executive vice president or treasurer of the company.

3 months ago - Market Watch

Tanger Factory Outlet Centers, Inc. CEO Presentation at Nareit's REITweek 2022

GREENSBORO, N.C. , June 1, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that Stephen Yalof, President and Chief Executive Officer, will be a featured presenter at...

3 months ago - PRNewsWire

SKT vs. FRT: Which Stock Should Value Investors Buy Now?

SKT vs. FRT: Which Stock Is the Better Value Option?

Other symbols: FRT
4 months ago - Zacks Investment Research

Tanger CEO: Inflation drives consumers to look for value

Tanger CEO Stephen Yalof discusses the new Nashville location and the state of retail on 'The Claman Countdown.'

4 months ago - Fox Business

Tanger Outlets Nashville Breaks Ground

Innovative shopping destination scheduled to open fall 2023 NASHVILLE, Tenn. , May 17, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet...

4 months ago - PRNewsWire