S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
NYSE:SKT

Tanger (SKT) Stock Price, News & Analysis

$29.56
+0.79 (+2.75%)
(As of 03/27/2024 ET)
Today's Range
$29.01
$29.57
50-Day Range
$25.82
$29.80
52-Week Range
$18.00
$29.98
Volume
522,945 shs
Average Volume
755,714 shs
Market Capitalization
$3.22 billion
P/E Ratio
32.13
Dividend Yield
3.52%
Price Target
$27.17

Tanger MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
8.1% Downside
$27.17 Price Target
Short Interest
Bearish
3.83% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.69
Upright™ Environmental Score
News Sentiment
1.19mentions of Tanger in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.37%
From $2.06 to $2.15 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.00 out of 5 stars

Finance Sector

491st out of 863 stocks

Real Estate Investment Trusts Industry

108th out of 180 stocks

SKT stock logo

About Tanger Stock (NYSE: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 operated by more than 700 different brand name companies. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter and year ended December 31, 2023.

SKT Stock Price History

SKT Stock News Headlines

Tanger: Sustained Growth With Desirable Locations
Tanger (NYSE:SKT) Stock Rating Upgraded by Citigroup
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Tanger Inc.
SKT Apr 2024 30.000 put
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
SKT Sep 2024 25.000 put
SKT Apr 2024 26.000 put
SKT Apr 2024 32.000 call
Who Wants To Roll The Dice On These 'Experiential' REITs?
SKT Jun 2024 22.000 call
KeyBanc Sticks to Their Hold Rating for Tanger Factory (SKT)
O Apr 2024 50.000 put
See More Headlines
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Company Calendar

Last Earnings
8/08/2022
Ex-Dividend for 2/15 Dividend
1/30/2024
Dividend Payable
2/15/2024
Today
3/28/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
87546510
Employees
364
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$27.17
High Stock Price Target
$33.00
Low Stock Price Target
$20.00
Potential Upside/Downside
-8.1%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$99.15 million
Pretax Margin
20.59%

Debt

Sales & Book Value

Annual Sales
$464.41 million
Cash Flow
$2.06 per share
Book Value
$5.61 per share

Miscellaneous

Free Float
106,521,000
Market Cap
$3.22 billion
Optionable
Optionable
Beta
1.83
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Key Executives

  • Mr. Stephen J. Yalof (Age 61)
    President, CEO & Director
    Comp: $2.48M
  • Mr. Michael Jason Bilerman (Age 49)
    Executive VP, CFO & Chief Investment Officer
    Comp: $1.05M
  • Ms. Leslie A. Swanson Gallardo (Age 53)
    Executive VP & COO
    Comp: $910.21k
  • Mr. Thomas J. Guerrieri Jr. (Age 51)
    Senior VP & Chief Accounting Officer
    Comp: $471.93k
  • Ms. Jessica K. Norman (Age 41)
    Executive VP, General Counsel & Secretary
  • Ms. Virginie Julie Schena
    Senior Vice President of People & Culture
  • Brian A. Auger
    Senior Vice President of Legal
  • Joshua D. Cox
    Senior Vice President of Tax
  • Craig Wise
    Senior Vice President of Digital Strategy
  • Mr. Steve M. Dworkin
    Senior Vice President of Real Estate

SKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Tanger stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tanger in the last year. There are currently 1 sell rating, 3 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.
View SKT analyst ratings
or view top-rated stocks.

What is Tanger's stock price target for 2024?

6 brokers have issued twelve-month target prices for Tanger's shares. Their SKT share price targets range from $20.00 to $33.00. On average, they predict the company's stock price to reach $27.17 in the next twelve months. This suggests that the stock has a possible downside of 8.1%.
View analysts price targets for SKT
or view top-rated stocks among Wall Street analysts.

How have SKT shares performed in 2024?

Tanger's stock was trading at $27.72 at the start of the year. Since then, SKT stock has increased by 6.6% and is now trading at $29.5550.
View the best growth stocks for 2024 here
.

When is Tanger's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our SKT earnings forecast
.

How can I listen to Tanger's earnings call?

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".

How were Tanger's earnings last quarter?

Tanger Inc. (NYSE:SKT) issued its quarterly earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 earnings per share 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 analysts' expectations of $104.45 million. Tanger had a trailing twelve-month return on equity of 18.59% and a net margin of 21.19%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS.

How often does Tanger pay dividends? What is the dividend yield for Tanger?

Tanger declared a quarterly dividend on Wednesday, January 17th. Investors of record on Wednesday, January 31st will be given a dividend of $0.26 per share on Thursday, February 15th. This represents a $1.04 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Tuesday, January 30th.
Read our dividend analysis for SKT
.

Is Tanger a good dividend stock?

Tanger (NYSE:SKT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 3.61%. 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 48.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKT.

What guidance has Tanger issued on next quarter's earnings?

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

What is Steven B. Tanger's approval rating as Tanger's CEO?

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.

What other stocks do shareholders of Tanger own?

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).

Who are Tanger's major shareholders?

Tanger's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.99%), Vanguard Group Inc. (15.47%), Wellington Management Group LLP (3.72%), Charles Schwab Investment Management Inc. (1.88%), Waterfront Capital Partners LLC (1.46%) and Dimensional Fund Advisors LP (1.41%). Insiders that own company stock include Carrie A Warren, Chad Perry, Steven B Tanger, Susan E Skerritt, Thomas Joseph Guerrieri Jr and Thomas Reddin.
View institutional ownership trends
.

How do I buy shares of Tanger?

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.
Compare Top Brokerages Here.

This page (NYSE:SKT) was last updated on 3/28/2024 by MarketBeat.com Staff

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