Tanger Factory Outlet Centers, with ticker code (SKT) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 21 and 15 and has a mean target at 17. Given that the stocks previous close was at 13.59 this is indicating there is a potential upside of 25.1%. The 50 day moving average now sits at 15.71 and the 200 day MA is 16.65. The company has a market capitalisation of $1,493m. Find out more information at: https://www.tangeroutlets.com
The potential market cap would be $1,868m 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.
