NYSE:SKT Tanger (SKT) Stock Price, News & Analysis $34.05 -0.03 (-0.09%) (As of 12:40 PM ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Tanger Stock (NYSE:SKT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Tanger alerts:Sign Up Key Stats Today's Range$33.92▼$34.2450-Day Range$33.19▼$37.1052-Week Range$25.67▼$37.57Volume224,694 shsAverage Volume739,427 shsMarket Capitalization$3.77 billionP/E Ratio39.59Dividend Yield3.23%Price Target$36.00Consensus RatingHold Company OverviewTanger 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… Tanger Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks71st Percentile Overall ScoreSKT MarketRank™: Tanger scored higher than 71% of companies evaluated by MarketBeat, and ranked 387th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.2 / 5Analyst RatingHold Consensus RatingTanger has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageTanger has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Tanger's stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings Growth5.21% Earnings GrowthEarnings for Tanger are expected to grow by 5.21% in the coming year, from $2.11 to $2.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tanger is 39.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.10.Price to Earnings Ratio vs. SectorThe P/E ratio of Tanger is 39.63, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 25.04.Price to Earnings Growth RatioTanger has a PEG Ratio of 2.78. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTanger has a P/B Ratio of 6.26. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted2.94% 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 4.8.Change versus previous monthShort interest in Tanger has recently decreased by 0.61%, indicating that investor sentiment is improving. Dividend1.7 / 5Dividend StrengthWeak Dividend YieldTanger pays a meaningful dividend of 3.20%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTanger does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Tanger is 127.91%. 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 49.55% next year. This indicates that Tanger will be able to sustain or increase its dividend.Read more about Tanger's dividend. Sustainability and ESG0.6 / 5Environmental Score-3.69 Percentage of Shares Shorted2.94% 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 4.8.Change versus previous monthShort interest in Tanger has recently decreased by 0.61%, indicating that investor sentiment is improving. News and Social Media2.6 / 5News Sentiment0.62 News SentimentTanger has a news sentiment score of 0.62. 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 5 news articles for Tanger this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for SKT on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.MarketBeat Follows2 people have added Tanger to their MarketBeat watchlist in the last 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Tanger insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $108,810.00 in 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. 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 SKT Stock News HeadlinesTanger (NYSE:SKT) Now Covered by Deutsche Bank AktiengesellschaftDecember 20, 2024 | americanbankingnews.comDeep Dive Into Tanger Stock: Analyst Perspectives (7 Ratings)December 17, 2024 | benzinga.comA.I. Trading System Helps Some Traders Pocket $1,100 per DAY!What if I told you 60 seconds a day could completely change your life? This AI-powered trading system finds high-probability option trades in less than 60 seconds a dayDecember 24, 2024 | Prosper Trading Academy (Ad)Deutsche Bank Initiates Coverage of Tanger (SKT) with Hold RecommendationDecember 17, 2024 | msn.comGreensboro-based Tanger acquires open-air retail center in Little Rock for $73 millionDecember 12, 2024 | bizjournals.comTanger Acquires The Promenade at Chenal, an Open-Air Lifestyle Center in Little Rock, ArkansasDecember 10, 2024 | businesswire.comTanger: Well-Positioned With High Occupancy And Strong Tenant Demand (Rating Downgrade)December 1, 2024 | seekingalpha.comTanger: A Fair Price For A Great BusinessNovember 30, 2024 | seekingalpha.comSee More Headlines SKT Stock Analysis - Frequently Asked Questions How have SKT shares performed this year? Tanger's stock was trading at $27.72 on January 1st, 2024. Since then, SKT shares have increased by 22.9% and is now trading at $34.08. View the best growth stocks for 2024 here. How were Tanger's earnings last quarter? Tanger Inc. (NYSE:SKT) posted its earnings results on Wednesday, November, 6th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.53 by $0.31. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Who are Tanger's major shareholders? Tanger's top institutional shareholders include FMR LLC (6.80%), State Street Corp (5.74%), Wellington Management Group LLP (1.85%) and Charles Schwab Investment Management Inc. (1.78%). Insiders that own company stock include Steven B Tanger, 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. 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), NVIDIA (NVDA), Meta Platforms (META), AbbVie (ABBV), Exxon Mobil (XOM), Verizon Communications (VZ) and Delta Air Lines (DAL). Company Calendar Ex-Dividend for 11/15 Dividend10/31/2024Last Earnings11/06/2024Dividend Payable11/15/2024Today12/24/2024Fiscal 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$36.00 High Stock Price Target$41.00 Low Stock Price Target$30.00 Potential Upside/Downside+5.6%Consensus RatingHold Rating Score (0-4)2.43 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$0.86 Trailing P/E Ratio39.63 Forward P/E Ratio16.15 P/E Growth2.78Net Income$99.15 million Net Margins18.55% Pretax Margin17.55% Return on Equity16.25% Return on Assets4.14% Debt Debt-to-Equity Ratio2.40 Current Ratio0.13 Quick Ratio0.13 Sales & Book Value Annual Sales$512.81 million Price / Sales7.36 Cash Flow$1.86 per share Price / Cash Flow18.29 Book Value$5.44 per share Price / Book6.26Miscellaneous Outstanding Shares110,693,000Free Float104,273,000Market Cap$3.77 billion OptionableOptionable Beta1.90 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. 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