Tanger Factory Outlet Centers, with ticker code (SKT) have now 6 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 23 and 15 and has a mean target at 18.83. Now with the previous closing price of 17.3 this now indicates there is a potential upside of 8.8%. The day 50 moving average is 17.03 and the 200 day MA is 17.8. The company has a market cap of $1,872m. You can visit the company’s website by visiting: https://www.tangeroutlets.com
The potential market cap would be $2,038m 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.
