Tanger Factory Outlet Centers, found using ticker (SKT) now have 5 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 22 and 16 calculating the average target price we see 18.2. Given that the stocks previous close was at 14.22 this indicates there is a potential upside of 28.0%. The day 50 moving average is 16.35 and the 200 moving average now moves to 17.63. The company has a market cap of $1,578m. Visit the company website at: https://www.tangeroutlets.com
The potential market cap would be $2,020m 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.
