NYSE:SKT Tanger (SKT) Stock Price, News & Analysis → Elon to Transform U.S. Economy? (From Porter & Company) (Ad) Free SKT Stock Alerts $27.46 -0.53 (-1.89%) (As of 05/3/2024 ET) Add Compare Share Share Today's Range$26.82▼$28.3550-Day Range$26.47▼$29.8052-Week Range$18.34▼$29.98Volume1.44 million shsAverage Volume741,721 shsMarket Capitalization$3.00 billionP/E Ratio30.18Dividend Yield4.01%Price Target$29.83 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Tanger alerts: Email Address Tanger MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside8.6% Upside$29.83 Price TargetShort InterestHealthy3.79% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.69Upright™ Environmental ScoreNews Sentiment0.50Based on 25 Articles This WeekInsider TradingN/AProj. Earnings Growth5.34%From $2.06 to $2.17 Per ShareSee Full Details Hide Full Details 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.3.39 out of 5 starsFinance Sector2955th out of 5,270 stocksReal Estate Investment Trusts Industry607th out of 1,086 stocks 1.3 Analyst's Opinion Consensus RatingTanger has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageTanger has only been the subject of 4 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.79% of the outstanding shares of Tanger have been sold short.Short Interest Ratio / Days to CoverTanger has a short interest ratio ("days to cover") of 5.3.Change versus previous monthShort interest in Tanger has recently decreased by 7.17%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipTanger is a leading dividend payer. It pays a dividend yield of 3.93%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTanger has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Tanger is 120.88%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Tanger will have a dividend payout ratio of 50.69% next year. This indicates that Tanger will be able to sustain or increase its dividend. Previous Next 0.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTanger has received a -71.25% net impact score from Upright. The largest negative impact of Tanger Factory Outlet Centers in category "GHG emissions" is driven by its "Real estate funds investing in shopping centers" and "Real estate development services of retail space" products. See details.Environmental SustainabilityThe Environmental Impact score for Tanger is -3.69. Previous Next 3.1 News and Social Media Coverage News SentimentTanger has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 25 news articles for Tanger this week, compared to 4 articles on an average week.Search Interest7 people have searched for SKT on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.MarketBeat Follows7 people have added Tanger to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tanger insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.80% of the stock of Tanger is held by insiders.Percentage Held by Institutions85.23% of the stock of Tanger is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Tanger are expected to grow by 5.34% in the coming year, from $2.06 to $2.17 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tanger is 30.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Tanger is 30.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 51.89.Price to Earnings Growth RatioTanger has a PEG Ratio of 3.54. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTanger has a P/B Ratio of 5.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsInvestors Alert: The Next Big Thing in Weight LossUBS bank predicts it will become "The Biggest Drug Ever." The Wall Street Journal believes it will be "Pharma's biggest blockbuster yet." Bank of America predicts it will be the world's first "$100 billion dollar a year drug." And Morgan Stanley predicts 250 million prescriptions will be written each year. Get the name of the stock here >>> 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.Read More SKT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SKT Stock News HeadlinesMay 3, 2024 | americanbankingnews.comTanger (NYSE:SKT) Price Target Cut to $28.00May 3, 2024 | msn.comCompass Point Upgrades Tanger (SKT)May 4, 2024 | Priority Gold (Ad)Biden to Launch “FedNOW” [Move Your Money Now]Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...May 3, 2024 | americanbankingnews.comTanger (NYSE:SKT) vs. Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) Head to Head AnalysisMay 2, 2024 | finance.yahoo.com'Everybody's looking for value': Tanger CEO on consumer spendingMay 2, 2024 | finance.yahoo.comTanger Factory Outlet Centers, Inc. (NYSE:SKT) Q1 2024 Earnings Call TranscriptMay 2, 2024 | finance.yahoo.comTanger Inc (SKT) Q1 2024 Earnings Call Transcript Highlights: Strategic Growth and Solid ...May 2, 2024 | msn.comTanger stock up after Compass Point upgrades to Buy on outlook raiseMay 4, 2024 | Priority Gold (Ad)Biden to Launch “FedNOW” [Move Your Money Now]Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...May 2, 2024 | gurufocus.comQ1 2024 Tanger Inc Earnings Call TranscriptMay 1, 2024 | markets.businessinsider.comScotiabank Reaffirms Their Sell Rating on Tanger Factory (SKT)May 1, 2024 | markets.businessinsider.comIn-Depth Examination Of 5 Analyst Recommendations For TangerApril 30, 2024 | msn.comSKT Stock Earnings: Tanger Factory Outlet Beats EPS, Beats Revenue for Q1 2024April 30, 2024 | finance.yahoo.comTanger Inc (SKT) Q1 Earnings: A Detailed Analysis of Performance and Future OutlookApril 30, 2024 | prnewswire.comTanger Reports First Quarter Results and Raises Full-Year 2024 GuidanceApril 29, 2024 | markets.businessinsider.comHere's what to expect from Tanger Factory Outlet Centers's earningsApril 28, 2024 | americanbankingnews.comTanger Inc. (NYSE:SKT) Given Average Rating of "Hold" by BrokeragesApril 27, 2024 | nasdaq.comEx-Dividend Reminder: Virtus Investment Partners, SL Green Realty and TangerApril 26, 2024 | finance.yahoo.comLancaster Tanger Outlets announces opening of new retailerApril 19, 2024 | finance.yahoo.comTanger Inc. (SKT)April 18, 2024 | nasdaq.comTanger Enters Oversold TerritoryApril 16, 2024 | seekingalpha.comTanger Factory Outlets: Still Growing While Beating 2020 ExpectationsApril 15, 2024 | bizjournals.comTanger Inc. receives $100 million increase, extension on unsecured lines of creditApril 15, 2024 | msn.comTanger unit amends, extends unsecured lines of creditApril 15, 2024 | finance.yahoo.comTanger Announces the Amendment, Increase and Extension of its Unsecured Lines of CreditApril 10, 2024 | msn.comTanger Factory raises dividend by 5.8% to $0.275April 10, 2024 | prnewswire.comTanger Increases Dividend by 5.8%See More Headlines Receive SKT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tanger and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/08/2022Ex-Dividend for 2/15 Dividend1/30/2024Dividend Payable2/15/2024Ex-Dividend for 5/15 Dividend4/29/2024Today5/04/2024Dividend Payable5/15/2024Next Earnings (Estimated)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryRetail REITs Current SymbolNYSE:SKT CUSIP87546510 CIK899715 Webwww.tangeroutlet.com Phone(336) 292-3010Fax336-852-2096Employees364Year FoundedN/APrice Target and Rating Average Stock Price Target$29.83 High Stock Price Target$33.00 Low Stock Price Target$26.00 Potential Upside/Downside+8.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio30.18 Forward P/E Ratio13.33 P/E Growth3.54Net Income$99.15 million Net Margins20.27% Pretax Margin19.53% Return on Equity17.72% Return on Assets4.30% Debt Debt-to-Equity Ratio2.54 Current Ratio0.20 Quick Ratio0.19 Sales & Book Value Annual Sales$464.41 million Price / Sales6.47 Cash Flow$1.91 per share Price / Cash Flow14.41 Book Value$5.30 per share Price / Book5.18Miscellaneous Outstanding Shares109,350,000Free Float102,860,000Market Cap$3.00 billion OptionableOptionable Beta1.85 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Stephen J. Yalof (Age 61)President, CEO & Director Comp: $2.6MMr. Michael Jason Bilerman (Age 49)Executive VP, CFO & Chief Investment Officer Comp: $1.35MMs. Leslie A. Swanson Gallardo (Age 53)Executive VP & COO Comp: $496.65kMr. Thomas J. Guerrieri Jr. (Age 51)Senior VP & Chief Accounting Officer Comp: $471.93kMs. Jessica K. Norman (Age 42)Executive VP, General Counsel & Secretary Regina CampbellSenior Vice President of MarketingChristi DownesSenior Vice President of People, Culture & DiversityBrian A. AugerSenior Vice President of Legal & Corporate CounselJoshua D. CoxSenior Vice President of TaxCraig WiseSenior Vice President of Digital StrategyMore ExecutivesKey CompetitorsMacerichNYSE:MACAlexander'sNYSE:ALXInvenTrust PropertiesNYSE:IVTNETSTREITNYSE:NTSTCareTrust REITNASDAQ:CTREView All CompetitorsInsiders & InstitutionsWhittier Trust Co. of Nevada Inc.Sold 9,338 shares on 5/3/2024Ownership: 0.002%Daiwa Securities Group Inc.Bought 2,981 shares on 5/2/2024Ownership: 0.032%Fidelis Capital Partners LLCBought 3,070 shares on 5/2/2024Ownership: 0.003%BNP Paribas Financial MarketsBought 6,016 shares on 5/1/2024Ownership: 0.067%Mirae Asset Global Investments Co. Ltd.Sold 2,636 shares on 5/1/2024Ownership: 0.043%View All Insider TransactionsView All Institutional Transactions SKT Stock Analysis - Frequently Asked Questions Should I buy or sell Tanger stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tanger in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SKT shares. View SKT analyst ratings or view top-rated stocks. What is Tanger's stock price target for 2024? 6 analysts have issued 1 year price targets for Tanger's shares. Their SKT share price targets range from $26.00 to $33.00. On average, they expect the company's stock price to reach $29.83 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price. 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 decreased by 0.9% and is now trading at $27.46. 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 Thursday, August 1st 2024. View our SKT earnings forecast. How were Tanger's earnings last quarter? Tanger Inc. (NYSE:SKT) announced 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 had revenue of $105.84 million for the quarter, compared to analysts' expectations of $104.45 million. Tanger had a net margin of 20.27% and a trailing twelve-month return on equity of 17.72%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. How often does Tanger pay dividends? What is the dividend yield for Tanger? Tanger declared a quarterly dividend on Wednesday, April 10th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from the stock's previous quarterly dividend of $0.26. Read our dividend analysis for SKT. Is Tanger a good dividend stock? Tanger (NYSE:SKT) pays an annual dividend of $1.10 per share and currently has a dividend yield of 3.93%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 120.88%. 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 50.69% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SKT. What ETFs hold Tanger's stock? ETFs with the largest weight of Tanger (NYSE:SKT) stock in their portfolio include 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), Virtus Real Asset Income ETF (VRAI), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Low Volatility ETF (XSLV) and First Trust Active Factor Small Cap ETF (AFSM). What guidance has Tanger issued on next quarter's earnings? Tanger issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share guidance of 2.030-2.110 for the period, compared to the consensus estimate of 2.070. 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 Principal Financial Group Inc. (0.56%), O Keefe Stevens Advisory Inc. (0.35%), Portman Square Capital LLP (0.00%), Allspring Global Investments Holdings LLC (0.23%), Sumitomo Mitsui Trust Holdings Inc. (0.11%) and State of Alaska Department of Revenue (0.11%). 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 5/4/2024 by MarketBeat.com Staff From Our PartnersElon to Transform U.S. Economy? Porter & CompanyAutomatic Income (from home)Awesomely, LLCCould Your Accounts Be Frozen?Allegiance GoldInvestors Alert: The Next Big Thing in Weight LossBehind the MarketsThe A.I. story nobody is telling you (Read ASAP)TradeSmithThe asset beating inflation by 4xColonial MetalsHave You Seen Elon’s New A.I. Device? 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