Tanger Factory Outlet Centers, which can be found using ticker (SKT) have now 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 24 and 16 calculating the average target price we see $19.71. Given that the stocks previous close was at $19.04 this now indicates there is a potential upside of 3.5%. The day 50 moving average is $18.77 and the 200 day MA is $17.51. The company has a market cap of $1,993m. Find out more information at: https://www.tangeroutlets.com
The potential market cap would be $2,063m based on the market consensus.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of upscale open-air outlet centers that owns (or has an ownership interest in) and/or manages a portfolio of 36 centers with an additional center currently under development. Tanger’s operating properties are located in 20 states and in Canada, totaling approximately 13.9 million square feet, leased to over 2,700 stores operated by more than 600 different brand name companies. The Company has more than 42 years of experience in the outlet industry and is a publicly-traded REIT. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission (“SEC”) that includes a supplemental information package for the quarter ended December 31, 2022.
The company has a dividend yield of 5.18% with the ex dividend date set at 27-4-2023 (DMY).
Other points of data to note are a P/E ratio of 24.57, revenue per share of 4.35 and a 3.61% return on assets.
