NYSE:SKT Tanger (SKT) Stock Price, News & Analysis $31.24 +0.14 (+0.45%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$30.88▼$31.3450-Day Range$26.09▼$31.2452-Week Range$21.42▼$31.38Volume570,621 shsAverage Volume633,355 shsMarket Capitalization$3.42 billionP/E Ratio34.33Dividend Yield3.52%Price Target$30.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Tanger alerts: Email Address Tanger MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside1.8% Downside$30.67 Price TargetShort InterestHealthy3.47% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.69Upright™ Environmental ScoreNews Sentiment0.81Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth4.78%From $2.09 to $2.19 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.2.74 out of 5 starsFinance Sector401st out of 871 stocksReal Estate Investment Trusts Industry79th out of 178 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 2 research reports in the past 90 days.Read more about Tanger's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.47% 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 11.01%, 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 3.58%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTanger does not have a long track record of dividend growth.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 50.23% next year. This indicates that Tanger will be able to sustain or increase its dividend.Read more about Tanger's 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 2.1 News and Social Media Coverage News SentimentTanger has a news sentiment score of 0.81. 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 is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Tanger this week, compared to 4 articles on an average week.Search InterestOnly 3 people have searched for SKT on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Tanger to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% 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.Read more about Tanger's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Tanger are expected to grow by 4.78% in the coming year, from $2.09 to $2.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tanger is 34.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.Price to Earnings Ratio vs. SectorThe P/E ratio of Tanger is 34.33, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 32.61.Price to Earnings Growth RatioTanger has a PEG Ratio of 3.12. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTanger has a P/B Ratio of 5.92. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Tanger's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Timothy SykesTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…Click here to see a unique election-year trade 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 HeadlinesSeptember 3, 2024 | americanbankingnews.comTanger Inc. (NYSE:SKT) Receives $30.67 Average Price Target from AnalystsAugust 29, 2024 | seekingalpha.comTanger: Building Wealth With Consistent Returns And GrowthSeptember 7, 2024 | Timothy Sykes (Ad)Tim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…August 29, 2024 | americanbankingnews.comTanger (NYSE:SKT) Price Target Raised to $29.00 at Evercore ISIAugust 28, 2024 | americanbankingnews.comTanger (NYSE:SKT) Sets New 52-Week High After Analyst UpgradeAugust 28, 2024 | americanbankingnews.comTanger (NYSE:SKT) Hits New 52-Week High Following Analyst UpgradeAugust 28, 2024 | americanbankingnews.comTanger (NYSE:SKT) PT Raised to $30.00 at ScotiabankAugust 21, 2024 | prnewswire.comTanger Schedules Third Quarter 2024 Earnings Release and Conference CallSeptember 7, 2024 | Timothy Sykes (Ad)Tim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…August 11, 2024 | ca.finance.yahoo.comTWO Oct 2024 10.000 putAugust 9, 2024 | finance.yahoo.comThese Retail REITs Offer Yields Of 3-5% And Dividend GrowthAugust 7, 2024 | finance.yahoo.comHow Gen Z is keeping in-store retail alive: Tanger CEOAugust 2, 2024 | markets.businessinsider.comAnalysts Offer Insights on Real Estate Companies: Tanger Factory (SKT), Camden Property (CPT) and Park Hotels & Resorts (PK)August 2, 2024 | seekingalpha.comTanger Inc. (SKT) Q2 2024 Earnings Call TranscriptAugust 2, 2024 | seekingalpha.comTanger Inc. 2024 Q2 - Results - Earnings Call PresentationAugust 1, 2024 | investing.comTanger Factory Outlet Centers (SKT) Earnings Dates & ReportsAugust 1, 2024 | msn.comTanger FFO of $0.53 beats by $0.01, revenue of $128.96M beats by $9.54MAugust 1, 2024 | washingtonpost.comTanger: Q2 Earnings SnapshotSee 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 8/15 Dividend7/31/2024Dividend Payable8/15/2024Today9/07/2024Next Earnings (Confirmed)11/06/2024Fiscal 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$30.67 High Stock Price Target$33.00 Low Stock Price Target$29.00 Potential Upside/Downside-1.8%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio34.33 Forward P/E Ratio14.95 P/E Growth3.12Net Income$99.15 million Net Margins19.65% Pretax Margin18.68% Return on Equity17.28% Return on Assets4.28% Debt Debt-to-Equity Ratio2.53 Current Ratio0.13 Quick Ratio0.13 Sales & Book Value Annual Sales$497.15 million Price / Sales6.87 Cash Flow$1.97 per share Price / Cash Flow15.84 Book Value$5.28 per share Price / Book5.92Miscellaneous Outstanding Shares109,353,000Free Float103,011,000Market Cap$3.42 billion OptionableOptionable Beta1.89 These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.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 CompetitorsFederal Realty Investment TrustNYSE:FRTNNN REITNYSE:NNNAgree RealtyNYSE:ADCKite Realty Group TrustNYSE:KRGMacerichNYSE:MACView All CompetitorsInsiders & InstitutionsDana Investment Advisors Inc.Bought 5,583 shares on 8/27/2024Ownership: 0.061%Truist Financial CorpSold 24,558 shares on 8/21/2024Ownership: 0.163%Point72 Asset Management L.P.Bought 127,693 shares on 8/19/2024Ownership: 0.117%NewEdge Advisors LLCBought 24,724 shares on 8/16/2024Ownership: 0.069%Susquehanna International Group LLPSold 10,100 shares on 8/16/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions SKT Stock Analysis - Frequently Asked Questions How have SKT shares performed this year? Tanger's stock was trading at $27.72 at the beginning of 2024. Since then, SKT stock has increased by 12.7% and is now trading at $31.24. View the best growth stocks for 2024 here. How were Tanger's earnings last quarter? Tanger Inc. (NYSE:SKT) announced its 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 business's quarterly revenue was up 4.5% compared to the same quarter last year. 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. Who are Tanger's major shareholders? Top institutional shareholders of Tanger include Dimensional Fund Advisors LP (1.49%), Bank of New York Mellon Corp (1.00%), Land & Buildings Investment Management LLC (0.95%) and Millennium Management LLC (0.70%). Insiders that own company stock include Steven B Tanger, Thomas Joseph Guerrieri Jr, Thomas Reddin and Chad Perry. 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. What other stocks do shareholders of Tanger own? Based on aggregate information from My MarketBeat watchlists, some other companies that Tanger investors own include AT&T (T), Verizon Communications (VZ), Enterprise Products Partners (EPD), Delta Air Lines (DAL), Cisco Systems (CSCO), AbbVie (ABBV) and Exxon Mobil (XOM). This page (NYSE:SKT) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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