Tanger Factory Outlet Centers, with ticker code (SKT) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 21 and 15 calculating the mean target price we have 17. With the stocks previous close at 14.89 this would indicate that there is a potential upside of 14.2%. The day 50 moving average is 15.61 and the 200 day MA is 16.55. The market capitalisation for the company is $1,603m. You can visit the company’s website by visiting: https://www.tangeroutlets.com
The potential market cap would be $1,830m 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.
