SKT - Tanger Factory Outlet Centers, Inc.

NYSE - NYSE Delayed Price. Currency in USD
+0.01 (+0.08%)
At close: 4:01PM EST

12.00 +0.02 (0.17%)
After hours: 5:58PM EST

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Previous Close11.97
Bid11.83 x 1100
Ask12.26 x 1000
Day's Range11.60 - 12.22
52 Week Range11.48 - 21.69
Avg. Volume5,293,973
Market Cap1.113B
Beta (5Y Monthly)0.75
PE Ratio (TTM)12.88
EPS (TTM)0.93
Earnings DateMay 03, 2020 - May 07, 2020
Forward Dividend & Yield1.43 (11.95%)
Ex-Dividend DateApr 28, 2020
1y Target Est13.10
  • PR Newswire

    Tanger Factory Outlet Centers, Inc. To Present at Citi's 2020 Global Property CEO Conference

    Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that it will participate March 2-4, 2020 in the Citi Global Property CEO Conference. The roundtable presentation by Steven B. Tanger, Chief Executive Officer, is scheduled for 11:40 AM Eastern time on Tuesday, March 3, 2020. A live audio webcast can be accessed at A replay will be available through Friday, March 13, 2020 and can also be accessed via the company's website.

  • How the Triad's publicly traded companies did on market's worst day in two years
    American City Business Journals

    How the Triad's publicly traded companies did on market's worst day in two years

    The spreading coronavirus rattled markets across the globe Monday, including on Wall Street. The S&P 500 fell 3.4 per cent, its worst day since February 2018. The Nasdaq dropped 3.7 per cent and the Dow was down 1,000 points, a loss to close the day 3.

  • US STOCKS-Wall St steady as investors weigh coronavirus risks

    US STOCKS-Wall St steady as investors weigh coronavirus risks

    U.S. stocks ticked higher on Monday, as people returned to work in China after an extended new year holiday triggered by the coronavirus outbreak but sentiment remained fragile. Electric carmaker Tesla Inc jumped 6.3% as its Shanghai factory returned to service. On the other hand, Apple Inc slipped 0.6%, the biggest drag on the three main indexes, as analysts predicted China's smartphone sales may plunge by as much as 50% in the first quarter due to store closures and production suspensions following the outbreak.

  • Thomson Reuters StreetEvents

    Edited Transcript of SKT earnings conference call or presentation 27-Jan-20 1:30pm GMT

    Q4 2019 Tanger Factory Outlet Centers Inc Earnings Call

  • Moody's

    Tanger Properties Limited Partnership -- Moody's downgrades Tanger Properties' rating to Baa2; outlook remains negative

    Moody's Investors Service ("Moody's") downgraded Tanger Properties Limited Partnership's ("Tanger's") senior unsecured ratings to Baa2 from Baa1. The downgrade reflects Tanger's 2020 guidance for lower occupancy levels and negative same store growth, with occupancy expected to be between 92% and 93% and same-store NOI guidance between (6.75%) and (8.25%). Despite having sufficient liquidity and coverage metrics at YE19 that are within the rating parameters for a Baa1 rated entity, Tanger's operating trends are no longer commensurate with the rating category.

  • Tanger Outlet shares surge as short sellers get squeezed

    Tanger Outlet shares surge as short sellers get squeezed

    The pioneering retailer saw its market cap fall below the threshold that would allow it to be held in a popular fund. Now market capitulations have sent it back over that level.

  • PR Newswire

    Tanger Reports Fourth Quarter And Full Year Results

    Tanger Factory Outlet Centers, Inc. (NYSE:SKT) today reported financial and operating results for the three months and year ended December 31, 2019.


    How a Dividend ETF Was Bitten by the Index It Mimics

    Suddenly, the SPDR S&P Dividend fund finds that it must liquidate two positions that it has been loading up on

  • PR Newswire

    Tanger Outlet Centers Schedules Year End 2019 Earnings Release and Conference Call for Monday January 27, 2020

    Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that its financial results for the quarter and year ended December 31, 2019 will be released on Monday, January 27, 2020 prior to the market open. The Company will host its conference call for analysts, investors and other interested parties on Monday, January 27, 2020 at 8:30 a.m. Eastern Time.

  • Benzinga

    Benzinga Pro's Top 5 Stocks To Watch For Wed., Jan. 22, 2020: NFLX, TSLA, NNVC, SKT, SPCE

    Benzinga Pro's Stocks To Watch For Wednesday Netflix (NFLX)  - Shares were up just 0.4% following a Q4 beat and mixed Q1 guidance. The company said it expects Q1 global streaming paid net subscriber additions ...

  • PR Newswire

    CIT Group Set to Join S&P MidCap 400 and Tanger Factory Outlet Centers to Join S&P SmallCap 600

    CIT Group Inc. (NYSE:CIT) will replace Tanger Factory Outlet Centers, Inc. (NYSE:SKT) in the S&P; MidCap 400 and Tanger Factory Outlet Centers will replace McDermott International, Inc. (NYSE:MDR) in the S&P; SmallCap 600 effective prior to the open of trading on Monday, January 27. McDermott International announced it will file today to reorganize under Chapter 11 of the U.S. Bankruptcy Code.

  • 3 Stocks That Could See a Short Squeeze

    3 Stocks That Could See a Short Squeeze

    In a short squeeze, traders who have sold a stock short are forced to scramble. A rising share price leads those short sellers to buy shares to cover their positions. That demand can lead to a spiral higher: more shorts look to cover or face margin calls, leading to more buys and an even higher price.The most famous short squeeze in recent years -- and maybe ever -- actually was engineered by Porsche (OTCMKTS:POAHY). In 2008, amid the financial crisis, Porsche used derivatives to corner the market in Volkswagen (OTCMKTS:VWAGY). The short squeeze was so intense that Volkswagen briefly became the world's most valuable company.Most squeezes are more rudimentary in nature, simply adding to potential gains as good news arrives. Recent rallies in Tesla (NASDAQ:TSLA), Nio (NYSE:NIO), and Luckin Coffee (NYSE:LK) likely all have been boosted by short squeezes, even if fundamental factors have contributed as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are more names out there that could benefit from such a squeeze, including the following three stocks. But it's important to remember that short squeezes aren't necessarily long-term catalysts and that high short interest alone doesn't make a stock a buy. Shorts, after all, get it right sometimes. Squeezes can't and don't come if a stock doesn't make a fundamental move higher. * 10 Cheap Stocks to Buy Under $10 Indeed, these three stocks aren't guaranteed to see a squeeze. But the potential exists. Shorts are betting heavily against these stocks and good news could be on the way. Tanger Factory Outlet (SKT)Real estate investment trust Tanger Factory Outlet (NYSE:SKT) could see a squeeze driven not by performance, but by market factors. SKT stock has declined over 60% from late 2016 highs. But its dividend has held up, in fact seeing raises in each of the last three years.Source: Ritu Manoj Jethani / That combination has increased SKT's dividend yield to over 9%. Meanwhile, the SPDR S&P Dividend ETF (NYSEARCA:SDY) is based on an index that weights its components by dividend yield. And so as SKT stock has fallen, the ETF has acquired more shares. At the moment, SDY owns 20.7 million Tanger shares -- over 22% of the company.There's another problem, as Bloomberg's Matt Levine detailed last week (others have noted key parts of the story as well). SDY has a fund rule that it can't own a stock with a market capitalization under $1.5 billion. Tanger is under that line at the moment, with a market cap of $1.43 billion. And so the ETF likely has to exit the stake in its entirety by Jan. 31. That forced selling would swamp existing demand for shares, and potentially could send SKT stock down even further.But there's a catch, as Levine noted on Thursday via Bloomberg Intelligence. Fund sponsor State Street has to call in the shares it's lent to short sellers, which actually could create a squeeze. SKT stock gained 10% on Jan. 8, perhaps in anticipation of that squeeze, though it has receded since.Trading SKT in the near term seems best for those with experience, as the stock likely will be volatile. But with a stunning 58% of the float sold short, there's real potential for a squeeze. Meanwhile, Tanger's dividend yield and low valuation relative to FFO (funds from operations) make it an intriguing value play, as Aaron Levitt argued last year. The next two weeks will be eventful and could present an opportunity. Restoration Hardware (RH)Source: Andriy Blokhin / Furniture retailer RH (NYSE:RH) seemingly has made sport of targeting short sellers in the past few years. The company has used buybacks, including accelerated repurchases, to drive its share price higher.Performance has been impressive as well: adjusted EPS increased 180% in fiscal 2018 (ending early February 2019) and is guided up 46-48% in fiscal 2019. Buybacks have driven some of that growth, but RH also has seen steady revenue increases and expanding margins. * 7 Small-Cap Stocks That Are Not Worth a Second Glance But short sellers haven't given up on the trade. Over 34% of the float remains sold short. That seems unwise. RH still trades at a reasonable 16x forward price-to-earnings multiple. Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B) has taken a 6.5% stake in the company. And history suggests the short side is the wrong side of this trade. Fourth quarter earnings, likely arriving in late March, could be the next catalyst for yet another squeeze. Stitch Fix (SFIX)Source: Sharaf Maksumov / Stitch Fix (NASDAQ:SFIX) has a little over 42% of its float sold short at the moment. That figure is inflated somewhat by the fact that only about 53% of shares outstanding trade freely, but that thin float can help catalyze a squeeze.And SFIX stock does seem like the type of name that could catch a bid in this market. So far, it hasn't: shares actually are down over the past eighteen months. But it's a growth name with an attractive valuation on a price-to-revenue basis. A 2020 sales target of $2 billion suggests a barely 1x multiple, backing out the company's cash on hand (Stitch Fix has no debt). Stitch Fix isn't cheap on a profit basis, at 100x 2020 consensus earnings per share estimates, but it has the ability to grow into that valuation if the top line cooperates.The high short interest admittedly suggests many traders see that revenue growth decelerating. But the bull case here is simple: if Stitch Fix meets its targets, SFIX stock likely rises. It could rise even faster than it otherwise might, as shorts are forced to cover.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 7 Earnings Reports to Watch Next Week * 7 5G Stocks to Connect Your Portfolio To The post 3 Stocks That Could See a Short Squeeze appeared first on InvestorPlace.

  • PR Newswire

    Tanger Factory Outlet Centers, Inc. 2019 Tax Reporting Information - Distribution (Form 1099)

    Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that its 2019 dividend distributions should be treated as follows for income tax purposes.

  • Some Tanger Factory Outlet Centers (NYSE:SKT) Shareholders Have Copped A Big 61% Share Price Drop
    Simply Wall St.

    Some Tanger Factory Outlet Centers (NYSE:SKT) Shareholders Have Copped A Big 61% Share Price Drop

    In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

  • Thomson Reuters StreetEvents

    Edited Transcript of SKT earnings conference call or presentation 31-Oct-19 12:00pm GMT

    Q3 2019 Tanger Factory Outlet Centers Inc Earnings Call


    All 4 of Analysts' Favorite Stocks Fell Last Year

    The stocks that Wall Street analysts most adored a year ago all fell Continue reading...

  • PR Newswire

    Tanger Declares Dividend for Fourth Quarter 2019

    Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its Board of Directors declared a quarterly dividend of $0.355 per share for the fourth quarter ending December 31, 2019. A cash dividend of $0.355 per share will be payable on February 14, 2020 to holders of record on January 31, 2020.

  • 4 Top Stock Trades for Thursday: UBER, SKT, VEEV, WBA

    4 Top Stock Trades for Thursday: UBER, SKT, VEEV, WBA

    Traders went to bed last night expecting the markets to puke as tensions with Iran increased. Turns out, the markets actually ripped higher on Wednesday, hitting new highs. Let's look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Uber (UBER)Source: Chart courtesy of StockCharts.comUber (NYSE:UBER) continues to move well, as the stock hit its highest level since September. We have kept an eye on this one ever since it broke out over downtrend resistance (thick blue line).However, there was more happening than that. Shares had formed an uptrend support mark (purple line) from the November lows. Once Uber stock broke out over downtrend resistance, it should have caught investors' eyes. When it pulled back to uptrend support and held, though, that was the sure-fire signal that bulls were back in control.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile Uber is now over its 20-day, 50-day and 100-day moving averages, shares are running into the 150-day moving average, as well as the 61.8% retracement. Should shares pull back, look for buyers to step in and buy the dip. Otherwise, Uber may need to rest for a bit longer. * 7 Stocks to Buy That Could Double for a Second-Consecutive Year That is, unless shares breakout over the 150-day moving average, putting $36 on the table. Let's wait and see with Uber stock. Top Stock Trades for Tomorrow No. 2: Tanger Factory Outlet Centers (SKT)Source: Chart courtesy of StockCharts.comTanger Factory Outlet Centers (NYSE:SKT) shares are erupting higher. At one point in the day, shares were up 14%. Better-than-expected comp-store sales numbers out of Macy's (NYSE:M) might be a catalyst, but other than that, there's not much of an explanation so far.In any regard, the stock took out a number of major marks in the move. First, SKT broke out over downtrend resistance (blue line), then it reclaimed channel support (purple line). It also reclaimed the 20-day, 50-day and 200-day moving averages.Shares did slow down once they approached $17. I don't know how this thing will trade in the coming days. However, if it continues higher, see that it clears $17, which will give it more momentum to the upside.On the downside, I'd love to see it hold up over the 200-day, but realistically, as long as it holds channel support, SKT is okay on the long side. Top Stock Trades for Tomorrow No. 3: Veeva Systems (VEEV)Source: Chart courtesy of StockCharts.comLet my start by saying that I love Veeva Systems (NYSE:VEEV) from a business perspective. It's got a great product and great growth. That said, the charts look ugly.Veeva is setting up in a descending triangle pattern. That's where downtrend resistance (blue line) is squeezing shares lower against a static level of resistance (black line). In these setups, unbiased traders generally look for a breakdown through support.Of course, VEEV stock could breakout over downtrend resistance and cause the short setup to fail. But as of now, a break below $138 to $139 could trigger a potentially larger move lower.The trend has been working against VEEV since July, but the stock has done well longer term and the markets are near the highs. Maybe bulls can save Veeva in the short term. If not though, shorts may have their way first. Top Stock Trades for Tomorrow No. 4: Walgreens (WBA)Source: Chart courtesy of StockCharts.comWalgreens Boots Alliance (NASDAQ:WBA) had been clawing its way out of some nasty price action, but bulls lost their footing on Wednesday after the company reported earnings.Shares of WBA plunged below uptrend support (blue line) and are hovering near $56 now. The truth is, Walgreens bulls lost control over the past two months, as shares have struggled to rebound after the drop from its November highs.In any regard, not all hope is lost. While momentum has been sapped, bulls will now want to keep the stock above the 200-day moving average. Above today's high, and perhaps the stock can make a rebound back toward its prior trend and the 20-day moving average.Below the 200-day puts the 78.6% retracement on the table. Below that and WBA will be in no man's land.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy That Could Double for a Second-Consecutive Year * 7 Stocks to Sell to Start the New Year Fresh * 5 Cheap, High-Yield Dividend Stocks for Investors in 2020 The post 4 Top Stock Trades for Thursday: UBER, SKT, VEEV, WBA appeared first on InvestorPlace.

  • 10 Best Stocks to Beat the Market in 2020

    10 Best Stocks to Beat the Market in 2020

    With the new year fast approaching, now is a great time to evaluate your portfolio, rebalance and set yourself up for a profitable 2020. Unlike 2019, when uncertainty took the market lower and offered investors plenty of bargain buys at the start of the year, this year's market is trading near all-time highs. That makes stock picking difficult, especially as political uncertainty adds a layer of confusion in the year to come. It's difficult, but not impossible, to find potential winners in 2020. While the market is near all-time highs, some sectors -- like healthcare -- have remained relatively untouched by the impressive rally. Investors should also be on the lookout for firms backed by solid financials in case a recession is on the horizon. Here's a look at 10 stocks that look likely to deliver in 2020.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Best Stocks: Disney (DIS)Source: spiderman777 / Disney (NYSE:DIS) has already had a good run in 2019, but the mouse looks likely to keep up the good work in the year to come. Disney's recent streaming service rollout has positioned the firm to make major gains in 2020. More and more subscribers will join and get hooked on the firm's impressive content library. Credit Suisse sees Disney+ taking on some 20 million subscribers just by the end of the year.More importantly, though, is Disney's theme parks -- an often underrated part of the firm's business. Operating income in its parks segment increased by 11% from September 2018 to September 2019. While streaming should help boost DIS over the next decade, the revenue from its theme parks is bankrolling the firm in the near term. Costco (COST)Source: Helen89 / When it comes to retail, Costco (NASDAQ:COST) is one of the best picks out there because of the firm's unique business model. Costco sells its products more or less at cost and makes the majority of its revenue from membership fees. That's a good thing as the firm boasts some of the most loyal members on the planet. Renewal rates come in consistently above 90%. It's worth noting that COST isn't a cheap option. But that premium is buying a financially sound company with a low debt-to-equity ratio. Unlike many of its competitors, Costco is still seeing strong in-store traffic. In the coming year Costco should benefit from higher membership fees, as well as new stores in Asia picking up steam, making it a great stock to own moving into 2020. CVS Health (CVS)Source: QualityHD / Healthcare stocks have been skittish this year as Democratic candidates argue over how to best overhaul the industry. The prospect of universal healthcare isn't ideal for healthcare businesses, but any large-scale changes to the industry are unlikely to take effect until 2022 or later should President Donald Trump be defeated.With that in mind, healthcare is a great place to look for reasonable valuations and CVS Health (NYSE:CVS) is my pick in that industry. CVS's position as a one-stop shop in the healthcare space makes it a unique play, and the benefits of its Aetna acquisition are just starting to show. Plus, CVS's setup as a retail pharmacy, a private benefit manager and an insurance network means the firm will be able to offer its clients cost savings. That's a positive as the industry evolves. Nvidia (NVDA)Source: JHVEPhoto / When it comes to chipmakers, Nvidia (NASDAQ:NVDA) stock is hands-down your best bet. 2019 was a bumpy one for the industry as a whole, and 2020 could bring about more of the same as competition remains a concern among investors. However with the U.S.-China trade tension moving in the right direction, chipmakers should see tailwinds in the year to come.Aside from easing concerns about China, NVDA has several growth catalysts ahead in 2020. The firm's Tegra SoCs chips have been used in Nintendo's (OTCMKTS:NTDOY) Switch and Switch Lite devices, both of which have seen strong demand this holiday season. Its data center business is also thriving against competitors and poised for more growth in the New Year.NVDA's forecast for the fourth quarter means its upcoming results are likely to disappoint, but that could offer investors a better entry point heading into 2020. But for those looking for a long-term pick in the semiconductor industry, NVDA is it. Visa (V)Source: Tada Images / Another great long-term bet is Visa (NYSE:V). The credit card firm is likely to benefit from the rise of non-cash payments over the next decade. V has been building up its business to make the most of the growing popularity of electronic payments with several strategic acquisitions in 2019. The firm picked up Earthport (a cross-border payment company), Payworks (a payment gateway firm) and Verifi (a dispute resolution business), all over the past 12 months. The benefits of those purchases should start to pay off in the year to come.Plus Visa has a history of shareholder friendliness. Though the firm offers a comparatively minuscule dividend yield of 0.7%, Visa management has consistently raised its dividend over the past five years. Plus, the the firm has bought back an average of $2 billion shares each quarter in an effort to return value to its shareholders. AT&T (T)Source: Jonathan Weiss / If there was one stock to add to your portfolio ahead of 2020, AT&T (NYSE:T) would be it. The stock has gained roughly 37% this year, but that's only the tip of the iceberg as the telecom giant continues to execute on its massive turnaround plans.T is building out a multi-dimensional company that is able to offer customers a variety of bundled products and services. Not only will AT&T be able to offer a 5G network, but its massive library of content through WarnerMedia will also be a draw for customers. Another benefit to holding T stock in your long-term portfolio is the firm's generous 5.4% dividend yield. That dividend should soften any turbulence in the year ahead. Tanger Factory Outlets (SKT)Source: Ritu Manoj Jethani / Retail is a risky place to put your money in 2020, especially if you're talking about brick-and-mortar stores. However I'd make an exception for Tanger Factory Outlets (NYSE:SKT), whose dividend yield and valuation are simply too good to ignore. SKT's share price has been on a steady decline throughout the year as worries about dropping store traffic weighed on the sector as a whole.Tanger's portfolio of outlet stores offers some security, though, as it provides a shopping experience for bargain hunters. SKT also boasts occupancy rates of more than 90% as retailers take up residence in order to off-load past season inventory. The biggest reason SKT makes the cut as a long-term buy is its 9.5% dividend yield. Baidu (BIDU)Source: StreetVJ / 2020 could be a great year for Chinese stocks as the nation's economy has started to show signs of life and trade tension with the U.S. continues to ease. Chinese stocks have already started to come back in favor among U.S. investors. And that trend should continue as long as trade negotiations remain positive.Baidu (NASDAQ:BIDU) is my pick among Chinese stocks, though it's worth noting that it is one of the riskier choices on this list. This year BIDU has lost roughly 20% of its value as competition and worries about the Chinese economy weighed on investor sentiment. However, the firm has been investing in artificial intelligence to improve its search functions and voice recognition.Plus Baidu is also working to develop an autonomous driving platform. This won't help BIDU stock in the immediate future, but could pay off in the longer term.The bottom line on Baidu is that although its advertising business has started to slow, the firm is working to diversify its offerings and beef up its search business to make a comeback over the next few years. Aphria (APHA)Source: Shutterstock Marijuana stocks have been beaten down this year as investor enthusiasm about growth in the sector waned amid regulatory issues. While wide-scale marijuana legalization isn't likely to happen in the near term, it's all but inevitable in the long term. Picking a winning marijuana stock right now is a tricky business, but Aphria (NYSE:APHA) looks like the best of the bunch.The firm has been able to turn a profit, something most other pot stocks are far from doing. And APHA is expected to continue growing in the years to come. Aphria is expected to double its production capacity in the year ahead under a new cultivation license. If the firm can remain profitable while expanding its output, the stock will likely see a bump in the year to come. Exxon (XOM)Source: Jonathan Weiss / Next year could be a big one for oil stocks as oversupply issues diminish. Production growth is expected to slow in the U.S. and other non-OPEC countries, which would be positive for prices. Goldman Sachs' Brian Singer sees the price of Brent crude rising to $63 per barrel and West Texas Intermediate increasing to $58.50 as inventory levels decline.To take advantage of the improving environment, investors may want to add one of the majors to their portfolios. Exxon Mobil (NYSE:XOM) looks like a winner after the firm has been investing in increasing its production over the past year. Exxon also offers a relatively safe 5% dividend yield. That should help cushion the stock should the rise in oil prices not materialize as quickly as expected.As of this writing Laura Hoy was long XOM, T and NVDA More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 2019 Losers That Will Be 2020 Winners * 7 Safe Dividend Stocks for Investors to Buy Right Now * 5 Artificial Intelligence Stocks to Consider The post 10 Best Stocks to Beat the Market in 2020 appeared first on InvestorPlace.

  • Tanger Factory Outlet (SKT) Outpaces Stock Market Gains: What You Should Know

    Tanger Factory Outlet (SKT) Outpaces Stock Market Gains: What You Should Know

    Tanger Factory Outlet (SKT) closed the most recent trading day at $14.90, moving +0.54% from the previous trading session.

  • Tanger Board Members Recognized In WomenInc.'s List Of Most Influential Corporate Board Directors
    PR Newswire

    Tanger Board Members Recognized In WomenInc.'s List Of Most Influential Corporate Board Directors

    Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today announced the recognition of two board members in WomenInc.'s list of 2019 Most Influential Corporate Board Directors.

  • Simon Property Group Is Preparing Its Balance Sheet for Armageddon

    Simon Property Group Is Preparing Its Balance Sheet for Armageddon

    Shopping centers continue to die, leaving behind vast swaths of undeveloped parking lots. This undiscovered country makes Simon Property Group (NYSE:SPG), the largest owner of shopping malls in the United States, worthy of investment.Source: Jonathan Weiss / But if that doesn't excite you, take time to consider the dividend, $8.40 over the last year with a yield of 5.6%. That's what you get with a real estate investment trust. These companies are required to give you their earnings.While best known for owning giant malls like the 110-acre Roosevelt Field on Long Island, Simon's focus these days is on outlet malls. It competes there with Tanger Factory Outlet Centers (NYSE:SKT). Both stocks have been losers for years as the e-commerce boom rolls on.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhere is the hope in buying companies like this? It's in the real estate. RedevelopmentJust because yesterday's shopping mall of department-store anchors, small shops on air-conditioned walks and acres of surrounding parking is dying, the land isn't necessarily worthless.Simon Property Group has 20 projects underway right now, aimed at transforming its malls into destinations with hotels, or sporting venues with poker and e-sports.The REIT is in a good position to be a developer because it has a low ratio of debt to equity and can easily cover its debt payments. It has $7 billion in liquidity and $1.5 billion in retained cash flow. It has the cash to buy out more troubled rivals and to rebuild its own holdings. Its budget for such work now comes to over $1 billion per year. * The 10 Worst Dividend Stocks of the Decade From a technical perspective, the stock is a bargain right now. As InvestorPlace's Vince Martin notes, the shares are at a five-year low. The $32 billion in assets are highly tangible, many of them desirable suburban locations. You have a balance sheet prepared for Armageddon with a yield better than AT&T (NYSE:T).What else would an income investor need? The Bear CaseThere is a bear case to be made on Simon.It starts with the stock price, which is down 20% over the last five years. Dividend returns are barely keeping up with the deterioration. Long-term technical indicators say "sell it."Then there's management. Its big move this century has been to expand into outlet malls. Tanger, which is more heavily into outlet malls than Simon, has lost more than half its value over the last five years. The strategy of moving into outlets looks unsound. The real estate is less valuable, and the merchandise is all moving online.There may be more questionable decisions on the way. CEO David Simon told his July conference call the company is looking to buy out some tenants, the chain stores closing in retailing's Armageddon. That worked three years ago with Aeropostale. If Simon is going to become a retailer, and not a mall operator, that means it's a riskier play. This adds to the bear case. The Bottom Line on Simon Property GroupSimon Property Group is distressed merchandise, but it will pay you to own it.At its Dec. 12 opening price of $145.58, it's selling at trailing price-to-earnings ratio of 19.4, despite having one of the best dividends around.If you're the kind of investor who likes to buy when everyone around you is screaming "sell," then hold for up to 5 years on hopes of an uptick, Simon Property Group is your kind of deal. It's a good speculation for an income investor with a long-term view. That's why many stock sites are now filled with punters screaming "buy, buy, buy."They might be right.Dana Blankenhorn is a financial and technology journalist. He is the author of the historical mystery romance The Reluctant Detective Travels in Time available now at the Amazon Kindle store. Write him at or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post Simon Property Group Is Preparing Its Balance Sheet for Armageddon appeared first on InvestorPlace.

  • Hedge Funds Have Never Been More Bullish On Tanger Factory Outlet Centers Inc. (SKT)
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Tanger Factory Outlet Centers Inc. (SKT)

    It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]

  • Should Value Investors Pick Tanger Factory (SKT) Stock?

    Should Value Investors Pick Tanger Factory (SKT) Stock?

    Is Tanger Factory Outlet (SKT) a great pick from the value investor's perspective right now? Read on to know more.

  • Reuters

    Mauled mall stock Tanger deserves some love -Barron's

    The 39 malls owned by Tanger Factory Oulet Centers, one of the U.S.'s largest outlet landlords, have flourished despite the so-called retail apocalypse, while shares have fallen more than 60 percent since the middle of 2016, weekly newspaper Barron's said in its Dec. 2 edition. Concerns about profit growth have hurt the shares and things could get worse for Tanger before they get better if retail tenants continue to struggle and go out of business, according to Barron's. Tanger shares closed on Friday at $15.22 in New York, which is less than seven times funds from operations, a standard real estate investment trust cash-flow metric, Barron's said.