Tanger Factory Outlet Centers, with ticker code (SKT) now have 7 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 23 and 17 with a mean TP of 20. With the stocks previous close at 18.08 this would indicate that there is a potential upside of 10.6%. The 50 day MA is 19.76 and the 200 moving average now moves to 18.12. The market cap for the company is $1,870m. Find out more information at: https://www.tangeroutlets.com
The potential market cap would be $2,068m based on the market concensus.
Tanger Factory Outlet Centers (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger’s operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 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 September 30, 2020.
