Tanger Factory Outlet Centers, found using ticker (SKT) now have 5 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 21 and 14 calculating the average target price we see 16.2. Now with the previous closing price of 17.28 this now indicates there is a potential downside of -6.3%. The 50 day MA is 15.58 and the 200 moving average now moves to 16.34. The market capitalisation for the company is $1,953m. Find out more information at: https://www.tangeroutlets.com
The potential market cap would be $1,831m 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.
