Tanger Factory Outlet Centers, found using ticker (SKT) now have 6 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 23 and 15 with the average target price sitting at 18.83. Given that the stocks previous close was at 17.41 this would imply there is a potential upside of 8.2%. The day 50 moving average is 17.13 and the 200 day MA is 17.8. The market cap for the company is $1,939m. Company Website: https://www.tangeroutlets.com
The potential market cap would be $2,097m 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.
