Tanger Factory Outlet Centers, with ticker code (SKT) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 23 and 16 calculating the average target price we see 19.71. Given that the stocks previous close was at 17.08 this would indicate that there is a potential upside of 15.4%. The 50 day moving average now sits at 18.26 and the 200 moving average now moves to 18.1. The company has a market cap of $1,805m. You can visit the company’s website by visiting: https://www.tangeroutlets.com
The potential market cap would be $2,083m 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.
