Tanger Factory Outlet Centers, which can be found using ticker (SKT) have now 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 22 and 16 suggesting an average Analsyt target price of $19.43. Given that the stocks previous close was at $18.45 this would imply there is now a potential upside of 5.3%. The day 50 moving average is $18.59 and the 200 day MA is $17.08. The company has a market capitalization of $1,958m. Company Website: https://www.tangeroutlets.com
The potential market cap would be $2,062m based on the market consensus.
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.
The company has a dividend yield of 4.77% with the ex dividend date set at 30-1-2023 (DMY).
Other points of data to note are a P/E ratio of 24.03, revenue per share of 4.35 and a 3.61% return on assets.
