Tanger (SKT) Stock Price, News & Analysis

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tanger in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SKT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKT, but not buy additional shares or sell existing shares.
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6 Wall Street analysts have issued 12-month price targets for Tanger's stock. Their SKT share price targets range from $26.00 to $33.00. On average, they anticipate the company's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price.
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Tanger's stock was trading at $27.72 at the start of the year. Since then, SKT stock has decreased by 3.8% and is now trading at $26.68.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our SKT earnings forecast.

Tanger will be holding an earnings conference call on Wednesday, May 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13745043".

Tanger Inc. (NYSE:SKT) released its quarterly earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.23. The real estate investment trust earned $105.84 million during the quarter, compared to the consensus estimate of $104.45 million. Tanger had a trailing twelve-month return on equity of 18.59% and a net margin of 21.19%. Tanger's revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share.

Tanger declared a quarterly dividend on Wednesday, April 10th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.275 per share on Wednesday, May 15th. This represents a $1.10 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for SKT.

Tanger (NYSE:SKT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 3.89%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 113.04%. 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 47.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKT.

ETFs with the largest weight of Tanger (NYSE:SKT) stock in their portfolio include Cambria Global Real Estate ETF (BLDG), Invesco Dorsey Wright Financial Momentum ETF (PFI), RiverFront Dynamic US Dividend Advantage ETF (RFDA), U.S. Diversified Real Estate ETF (PPTY), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco S&P SmallCap Financials ETF (PSCF), Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and Fidelity Real Estate Investment ETF (FPRO).

Tanger issued an update on its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of 2.020-2.100 for the period, compared to the consensus earnings per share estimate of 2.030. The company issued revenue guidance of -.

19 employees have rated Tanger 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 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's stock is owned by a number of retail and institutional investors. Top institutional investors include O Keefe Stevens Advisory Inc. (0.35%), Portman Square Capital LLP (0.00%), Pensionfund DSM Netherlands (0.03%), Perpetual Ltd (0.02%), Pensionfund Sabic (0.02%) and Future Financial Wealth Managment LLC (0.01%). Insiders that own company stock include Carrie A Warren, Chad Perry, Steven B Tanger, Susan E Skerritt, Thomas Joseph Guerrieri Jr and Thomas Reddin.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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