Tanger Factory Outlet Centers, found using ticker (SKT) now have 7 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 23 and 16 with a mean TP of 19.71. Now with the previous closing price of 17.06 this now indicates there is a potential upside of 15.5%. There is a 50 day moving average of 18.63 while the 200 day moving average is 18.1. The market capitalisation for the company is $1,838m. Find out more information at: https://www.tangeroutlets.com
The potential market cap would be $2,124m 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.
